Gamco Investors INC. ET AL grew its position in First Data Corp (NYSE:FDC) by 8.2% in the second quarter, HoldingsChannel.com reports. The firm owned 27,600 shares of the business services provider’s stock after acquiring an additional 2,100 shares during the period. Gamco Investors INC. ET AL’s holdings in First Data were worth $578,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of FDC. Wells Fargo & Company MN raised its stake in shares of First Data by 148.0% in the 1st quarter. Wells Fargo & Company MN now owns 7,999,087 shares of the business services provider’s stock worth $127,986,000 after buying an additional 4,773,138 shares in the last quarter. Rhumbline Advisers raised its stake in shares of First Data by 1.6% in the 1st quarter. Rhumbline Advisers now owns 477,386 shares of the business services provider’s stock worth $7,638,000 after buying an additional 7,450 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of First Data by 24.2% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,403,285 shares of the business services provider’s stock worth $22,453,000 after buying an additional 273,155 shares in the last quarter. Boston Partners raised its stake in shares of First Data by 19.4% in the 1st quarter. Boston Partners now owns 309,104 shares of the business services provider’s stock worth $4,946,000 after buying an additional 50,198 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of First Data by 3.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 461,166 shares of the business services provider’s stock worth $7,379,000 after buying an additional 13,404 shares in the last quarter. Institutional investors and hedge funds own 51.30% of the company’s stock.

Shares of FDC stock opened at $25.16 on Friday. First Data Corp has a 1-year low of $14.73 and a 1-year high of $26.00. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.77. The firm has a market cap of $23.70 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 1.90 and a beta of 1.54.

First Data (NYSE:FDC) last issued its quarterly earnings results on Monday, July 30th. The business services provider reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. First Data had a return on equity of 21.88% and a net margin of 15.39%. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. First Data’s revenue for the quarter was up 11.1% compared to the same quarter last year. equities research analysts anticipate that First Data Corp will post 1.25 EPS for the current year.

In other First Data news, insider Christopher M. Foskett sold 17,500 shares of the business’s stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $21.77, for a total value of $380,975.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Guy Chiarello sold 150,000 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $25.06, for a total value of $3,759,000.00. Following the completion of the transaction, the president now owns 1,408,272 shares in the company, valued at approximately $35,291,296.32. The disclosure for this sale can be found here. In the last quarter, insiders have bought 300 shares of company stock worth $6,780 and have sold 282,729 shares worth $6,898,557. Insiders own 5.60% of the company’s stock.

A number of analysts have recently commented on FDC shares. Zacks Investment Research downgraded First Data from a “buy” rating to a “hold” rating in a research note on Friday, May 11th. Nomura reaffirmed a “hold” rating and set a $18.00 target price on shares of First Data in a research report on Sunday, May 13th. Goldman Sachs Group raised First Data from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $22.00 to $25.00 in a research report on Monday, June 11th. Stephens reaffirmed an “overweight” rating and set a $25.00 target price on shares of First Data in a research report on Wednesday, June 13th. Finally, Morgan Stanley boosted their target price on First Data from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 13th. Three investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. First Data presently has a consensus rating of “Buy” and an average price target of $25.69.

First Data Company Profile

First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. It operates through three segments: Global Business Solutions (GBS), Global Financial Solutions (GFS), and Network & Security Solutions (NSS). The GBS segment offers retail point-of-sale merchant acquiring and e-commerce services; and mobile payment services, as well as its cloud-based Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications.

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

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