LS Investment Advisors LLC maintained its stake in First Data Corporation (NYSE:FDC) during the second quarter, Holdings Channel reports. The institutional investor owned 6,953 shares of the business services provider’s stock at the end of the second quarter. LS Investment Advisors LLC’s holdings in First Data Corporation were worth $127,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in First Data Corporation by 0.4% in the first quarter. Envestnet Asset Management Inc. now owns 10,153 shares of the business services provider’s stock valued at $157,000 after buying an additional 45 shares during the last quarter. Comerica Bank increased its stake in First Data Corporation by 3.1% in the first quarter. Comerica Bank now owns 12,943 shares of the business services provider’s stock valued at $202,000 after buying an additional 391 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in First Data Corporation by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 97,940 shares of the business services provider’s stock valued at $1,518,000 after buying an additional 600 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in First Data Corporation by 7.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,571 shares of the business services provider’s stock valued at $124,000 after buying an additional 616 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in First Data Corporation by 9.0% in the first quarter. Nordea Investment Management AB now owns 7,632 shares of the business services provider’s stock valued at $118,000 after buying an additional 632 shares during the last quarter. 36.55% of the stock is owned by institutional investors.

First Data Corporation (NYSE:FDC) remained flat at $17.52 on Friday. The company’s stock had a trading volume of 2,759,347 shares. The firm has a market capitalization of $16.17 billion, a price-to-earnings ratio of 29.30 and a beta of 1.77. First Data Corporation has a 52-week low of $12.74 and a 52-week high of $19.20. The stock’s 50 day moving average is $18.44 and its 200 day moving average is $16.74.

First Data Corporation (NYSE:FDC) last issued its quarterly earnings results on Monday, August 7th. The business services provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.06. First Data Corporation had a return on equity of 26.25% and a net margin of 4.66%. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the prior year, the firm earned $0.35 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts expect that First Data Corporation will post $1.53 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “LS Investment Advisors LLC Holds Position in First Data Corporation (FDC)” was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and international copyright & trademark law. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/08/11/ls-investment-advisors-llc-holds-position-in-first-data-corporation-fdc.html.

Several research firms have recently commented on FDC. Piper Jaffray Companies reissued an “overweight” rating and issued a $23.00 price objective (up previously from $22.00) on shares of First Data Corporation in a report on Thursday. Morgan Stanley raised their price target on First Data Corporation from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Tuesday. FIX assumed coverage on First Data Corporation in a report on Thursday, May 18th. They set an “outperform” rating and a $18.00 price target for the company. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $19.00 price target (up previously from $18.00) on shares of First Data Corporation in a report on Wednesday, May 10th. Finally, Zacks Investment Research raised First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Friday, July 21st. Eight equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. First Data Corporation presently has a consensus rating of “Buy” and a consensus price target of $18.70.

About First Data Corporation

First Data Corporation is a provider of commerce-enabling technology and solutions for merchants, financial institutions and card issuers. The Company’s segments are Global Business Solutions (GBS), Global Financial Solutions (GFS), Network & Security Solutions (NSS), and Corporate. The GBS segment provides businesses of all sizes and types with a range of solutions at the point of sale, including merchant acquiring, e-commerce, mobile commerce, point-of-sale, and other business solutions.

Want to see what other hedge funds are holding FDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Data Corporation (NYSE:FDC).

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

Receive News & Ratings for First Data Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Data Corporation and related companies with MarketBeat.com's FREE daily email newsletter.