Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in First Data Corporation (NYSE:FDC) by 20.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,742 shares of the business services provider’s stock after purchasing an additional 9,593 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in First Data Corporation were worth $1,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in First Data Corporation by 8.7% in the second quarter. Vanguard Group Inc. now owns 32,679,266 shares of the business services provider’s stock worth $594,763,000 after purchasing an additional 2,614,956 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of First Data Corporation by 52.1% during the second 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 acquiring an additional 6,151,153 shares in the last quarter. BlackRock Inc. raised its stake in shares of First Data Corporation by 12.2% during the second quarter. BlackRock Inc. now owns 15,870,199 shares of the business services provider’s stock valued at $288,835,000 after acquiring an additional 1,721,402 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of First Data Corporation by 117.1% during the third quarter. Canada Pension Plan Investment Board now owns 14,791,789 shares of the business services provider’s stock valued at $266,844,000 after acquiring an additional 7,979,289 shares in the last quarter. Finally, Glenview Capital Management LLC raised its stake in shares of First Data Corporation by 14.0% during the second quarter. Glenview Capital Management LLC now owns 12,219,432 shares of the business services provider’s stock valued at $222,394,000 after acquiring an additional 1,500,000 shares in the last quarter. 40.89% of the stock is owned by institutional investors and hedge funds.

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In other news, insider Christopher M. Foskett sold 10,254 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $18.40, for a total transaction of $188,673.60. Following the sale, the insider now directly owns 430,294 shares of the company’s stock, valued at $7,917,409.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Barry C. Mccarthy sold 81,858 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $18.17, for a total transaction of $1,487,359.86. Following the sale, the insider now directly owns 406,890 shares in the company, valued at $7,393,191.30. The disclosure for this sale can be found here. Over the last three months, insiders have bought 247,182 shares of company stock worth $4,458,069 and have sold 151,830 shares worth $2,754,035. 6.30% of the stock is owned by insiders.

Several research firms have recently weighed in on FDC. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $23.00 price target (up previously from $22.00) on shares of First Data Corporation in a research note on Thursday, August 10th. BidaskClub downgraded shares of First Data Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Morgan Stanley lifted their price target on shares of First Data Corporation from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 8th. Robert W. Baird reaffirmed a “hold” rating and set a $22.00 price target on shares of First Data Corporation in a research note on Monday. Finally, Craig Hallum reaffirmed a “buy” rating and set a $25.00 price target (up previously from $20.00) on shares of First Data Corporation in a research note on Tuesday, August 8th. Nine analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $19.55.

First Data Corporation (NYSE FDC) opened at $17.13 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.58. First Data Corporation has a 1-year low of $13.96 and a 1-year high of $19.23. The stock has a market cap of $15,820.00 and a price-to-earnings ratio of 13.55.

First Data Corporation (NYSE:FDC) last announced its quarterly earnings data on Monday, October 30th. The business services provider reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.08 billion. First Data Corporation had a net margin of 5.99% and a return on equity of 26.60%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 earnings per share. sell-side analysts anticipate that First Data Corporation will post 1.29 EPS for the current fiscal year.

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.

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

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