Gator Capital Management LLC purchased a new stake in First Data Corp (NYSE:FDC) during the fourth quarter, HoldingsChannel reports. The firm purchased 21,000 shares of the business services provider’s stock, valued at approximately $351,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FDC. Principal Financial Group Inc. raised its stake in First Data by 22.4% in the 2nd quarter. Principal Financial Group Inc. now owns 73,807 shares of the business services provider’s stock valued at $1,343,000 after acquiring an additional 13,496 shares during the period. Ameriprise Financial Inc. raised its stake in First Data by 14.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 89,055 shares of the business services provider’s stock valued at $1,621,000 after acquiring an additional 11,168 shares during the period. PNC Financial Services Group Inc. raised its stake in First Data by 2.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 17,940 shares of the business services provider’s stock valued at $327,000 after acquiring an additional 348 shares during the period. Northern Trust Corp raised its stake in First Data by 9.6% in the 2nd quarter. Northern Trust Corp now owns 1,920,981 shares of the business services provider’s stock valued at $34,962,000 after acquiring an additional 168,561 shares during the period. Finally, California Public Employees Retirement System raised its stake in First Data by 32.6% in the 2nd quarter. California Public Employees Retirement System now owns 528,100 shares of the business services provider’s stock valued at $9,611,000 after acquiring an additional 129,800 shares during the period. Institutional investors and hedge funds own 49.22% of the company’s stock.

A number of equities research analysts recently weighed in on FDC shares. Zacks Investment Research upgraded First Data from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. SunTrust Banks restated a “buy” rating on shares of First Data in a research note on Friday, October 20th. Barclays restated a “buy” rating and issued a $24.00 price target on shares of First Data in a research note on Tuesday, December 5th. Bank of America upgraded First Data from a “neutral” rating to a “buy” rating in a research note on Thursday, January 18th. Finally, Wedbush upgraded First Data from a “neutral” rating to an “outperform” rating and dropped their price target for the company from $25.00 to $20.00 in a research note on Friday, October 20th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. First Data has a consensus rating of “Buy” and an average price target of $20.11.

Shares of First Data Corp (NYSE:FDC) opened at $17.15 on Monday. The stock has a market capitalization of $15,837.44, a price-to-earnings ratio of 13.61, a PEG ratio of 1.00 and a beta of 1.46. First Data Corp has a 1-year low of $14.67 and a 1-year high of $19.23. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.58.

First Data (NYSE:FDC) last released its earnings results on Monday, October 30th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.08 billion. First Data had a return on equity of 26.60% and a net margin of 5.99%. First Data’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 EPS. research analysts anticipate that First Data Corp will post 1.28 earnings per share for the current year.

In related news, CEO Frank Bisignano bought 25,000 shares of First Data stock in a transaction dated Thursday, November 9th. The shares were bought at an average cost of $16.82 per share, with a total value of $420,500.00. Following the acquisition, the chief executive officer now owns 7,107,398 shares in the company, valued at approximately $119,546,434.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrew Gelb sold 7,473 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $17.12, for a total value of $127,937.76. Following the sale, the insider now directly owns 417,652 shares in the company, valued at $7,150,202.24. The disclosure for this sale can be found here. Over the last three months, insiders have bought 25,300 shares of company stock worth $425,624. 6.30% of the stock is currently owned by insiders.

WARNING: “21,000 Shares in First Data Corp (FDC) Purchased by Gator Capital Management LLC” was first reported by Daily Political and is owned by of Daily Political. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://www.dailypolitical.com/2018/02/05/21000-shares-in-first-data-corp-fdc-purchased-by-gator-capital-management-llc.html.

First Data 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.

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 Corp (NYSE:FDC).

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

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