BT Investment Management Ltd bought a new position in First Data Corporation (NYSE:FDC) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 13,935 shares of the business services provider’s stock, valued at approximately $254,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in First Data Corporation by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 30,064,310 shares of the business services provider’s stock worth $465,997,000 after acquiring an additional 153,769 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of First Data Corporation by 52.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 17,965,715 shares of the business services provider’s stock valued at $326,976,000 after purchasing an additional 6,151,153 shares during the last quarter. BlackRock Inc. increased its position in shares of First Data Corporation by 12.2% during the 2nd quarter. BlackRock Inc. now owns 15,870,199 shares of the business services provider’s stock valued at $288,835,000 after purchasing an additional 1,721,402 shares during the last quarter. Credit Suisse AG increased its position in shares of First Data Corporation by 5.7% during the 1st quarter. Credit Suisse AG now owns 7,740,994 shares of the business services provider’s stock valued at $119,985,000 after purchasing an additional 415,743 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of First Data Corporation by 1.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 6,812,500 shares of the business services provider’s stock valued at $123,988,000 after purchasing an additional 70,300 shares during the last quarter. Institutional investors and hedge funds own 39.13% of the company’s stock.

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Shares of First Data Corporation (FDC) opened at 18.18 on Friday. First Data Corporation has a 12-month low of $12.74 and a 12-month high of $19.20. The firm has a 50-day moving average price of $18.14 and a 200 day moving average price of $17.19. The stock has a market cap of $16.78 billion, a PE ratio of 30.40 and a beta of 1.77.

First Data Corporation (NYSE:FDC) last released its 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. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.98 billion. First Data Corporation had a return on equity of 26.25% and a net margin of 4.66%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Equities research analysts expect that First Data Corporation will post $1.53 earnings per share for the current year.

Several brokerages have recently commented on FDC. Piper Jaffray Companies reiterated a “buy” rating and set a $22.00 price objective on shares of First Data Corporation in a research report on Wednesday, July 26th. Zacks Investment Research lowered First Data Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub lowered First Data Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. Credit Suisse Group increased their price objective on First Data Corporation from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, July 13th. Finally, ValuEngine lowered First Data Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Ten research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $18.91.

In other news, insider Thomas Joseph Higgins sold 31,718 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $18.15, for a total transaction of $575,681.70. Following the transaction, the insider now owns 347,493 shares of the company’s stock, valued at $6,306,997.95. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeff Shanahan bought 34,284 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were acquired at an average cost of $18.44 per share, for a total transaction of $632,196.96. Following the purchase, the insider now owns 1,340,434 shares of the company’s stock, valued at approximately $24,717,602.96. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 340,217 shares of company stock worth $6,139,786 and have sold 151,830 shares worth $2,754,035. Corporate insiders own 6.30% of the company’s stock.

First Data Corporation Company Profile

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.

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

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