Wintrust Investments LLC decreased its holdings in First Data Corp (NYSE:FDC) by 22.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,625 shares of the business services provider’s stock after selling 10,100 shares during the period. Wintrust Investments LLC’s holdings in First Data were worth $937,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Investors Research Corp purchased a new position in First Data in the first quarter worth $39,000. Signaturefd LLC grew its holdings in First Data by 116.6% in the first quarter. Signaturefd LLC now owns 3,716 shares of the business services provider’s stock worth $98,000 after purchasing an additional 2,000 shares during the last quarter. Bremer Bank National Association purchased a new position in First Data in the first quarter worth $98,000. Flagship Harbor Advisors LLC grew its holdings in First Data by 102.1% in the second quarter. Flagship Harbor Advisors LLC now owns 3,789 shares of the business services provider’s stock worth $102,000 after purchasing an additional 1,914 shares during the last quarter. Finally, Westside Investment Management Inc. purchased a new position in First Data in the second quarter worth $170,000. 53.28% of the stock is owned by institutional investors.

Several equities analysts have issued reports on the stock. TheStreet raised shares of First Data from a “c+” rating to a “b” rating in a report on Friday, July 26th. Zacks Investment Research raised shares of First Data from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Wednesday, June 19th. Finally, BMO Capital Markets set a $29.00 price target on shares of First Data and gave the stock a “hold” rating in a report on Friday, July 26th. Nineteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $25.09.

In related news, insider Michael K. Neborak sold 111,707 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $26.66, for a total transaction of $2,978,108.62. Following the completion of the transaction, the insider now directly owns 434,723 shares in the company, valued at $11,589,715.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael K. Neborak sold 6,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $25.76, for a total transaction of $154,560.00. Following the transaction, the insider now owns 351,087 shares of the company’s stock, valued at $9,044,001.12. The disclosure for this sale can be found here. Insiders own 4.87% of the company’s stock.

NYSE FDC remained flat at $$31.69 on Wednesday. The stock has a market capitalization of $29.91 billion, a P/E ratio of 26.19, a PEG ratio of 1.89 and a beta of 1.93. The company’s 50 day simple moving average is $30.01 and its two-hundred day simple moving average is $26.84. First Data Corp has a fifty-two week low of $15.52 and a fifty-two week high of $31.69. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.13.

First Data (NYSE:FDC) last posted its earnings results on Thursday, July 25th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.27 billion. First Data had a net margin of 10.52% and a return on equity of 17.55%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 earnings per share. Research analysts forecast that First Data Corp will post 1.39 earnings per share for the current year.

About First Data

First Data Corporation provides commerce enabled technology and solutions for merchants, financial institutions, and card issuers in the United States, Canada, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company operates through three segments: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions.

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Institutional Ownership by Quarter for First Data (NYSE:FDC)

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