Bank of New York Mellon Corp Has $329.33 Million Position in First Data Corporation (FDC)
Bank of New York Mellon Corp increased its stake in shares of First Data Corporation (NYSE:FDC) by 1.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,255,473 shares of the business services provider’s stock after buying an additional 289,758 shares during the quarter. Bank of New York Mellon Corp owned 1.98% of First Data Corporation worth $329,329,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Pacer Advisors Inc. raised its position in First Data Corporation by 8.9% in the 2nd quarter. Pacer Advisors Inc. now owns 5,558 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 452 shares during the last quarter. Advisor Group Inc. raised its position in First Data Corporation by 113.3% in the 2nd quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 2,964 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in First Data Corporation in the 2nd quarter valued at $135,000. Riverhead Capital Management LLC bought a new position in First Data Corporation in the 2nd quarter valued at $135,000. Finally, First Manhattan Co. raised its position in First Data Corporation by 200.0% in the 3rd quarter. First Manhattan Co. now owns 7,500 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 40.89% of the company’s stock.
Several equities analysts have issued reports on FDC shares. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $21.00 price objective on shares of First Data Corporation in a research report on Thursday, August 24th. Zacks Investment Research raised First Data Corporation from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. Piper Jaffray Companies reissued an “overweight” rating and issued a $23.00 target price (up from $22.00) on shares of First Data Corporation in a research note on Thursday, August 10th. Barclays PLC lifted their target price on First Data Corporation from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Finally, BidaskClub cut First Data Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $19.55.
First Data Corporation (FDC) traded down $0.09 during trading hours on Friday, reaching $16.68. The company’s stock had a trading volume of 323,568 shares, compared to its average volume of 4,436,753. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.58. The company has a market capitalization of $15,454.20, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 1.13 and a beta of 1.69. First Data Corporation has a 12-month low of $13.96 and a 12-month high of $19.23.
First Data Corporation (NYSE:FDC) last released its quarterly earnings data on Monday, October 30th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 return on equity of 26.60% and a net margin of 5.99%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 earnings per share. equities research analysts forecast that First Data Corporation will post 1.29 earnings per share for the current fiscal year.
In other news, insider Jeff Shanahan bought 77,453 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were bought at an average price of $18.04 per share, with a total value of $1,397,252.12. Following the completion of the transaction, the insider now owns 1,160,964 shares of the company’s stock, valued at $20,943,790.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Barry C. Mccarthy sold 81,858 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $18.17, for a total value of $1,487,359.86. Following the completion of the transaction, the insider now directly owns 406,890 shares in the company, valued at approximately $7,393,191.30. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 247,182 shares of company stock worth $4,458,069 and sold 151,830 shares worth $2,754,035. 6.30% of the stock is owned by corporate insiders.
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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