Chartwell Investment Partners LLC purchased a new position in shares of First Data Corp (NYSE:FDC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 108,467 shares of the business services provider’s stock, valued at approximately $2,654,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board raised its holdings in shares of First Data by 9.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 16,508,357 shares of the business services provider’s stock worth $345,520,000 after purchasing an additional 1,400,000 shares in the last quarter. OppenheimerFunds Inc. raised its holdings in shares of First Data by 95.9% in the 2nd quarter. OppenheimerFunds Inc. now owns 11,790,919 shares of the business services provider’s stock worth $246,783,000 after purchasing an additional 5,772,608 shares in the last quarter. Senator Investment Group LP raised its holdings in shares of First Data by 36.7% in the 2nd quarter. Senator Investment Group LP now owns 10,250,000 shares of the business services provider’s stock worth $214,532,000 after purchasing an additional 2,750,000 shares in the last quarter. Standard Life Aberdeen plc raised its holdings in shares of First Data by 0.6% in the 2nd quarter. Standard Life Aberdeen plc now owns 6,262,911 shares of the business services provider’s stock worth $131,177,000 after purchasing an additional 36,430 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of First Data by 129.8% in the 2nd quarter. Millennium Management LLC now owns 6,182,051 shares of the business services provider’s stock worth $129,390,000 after purchasing an additional 3,492,441 shares in the last quarter. Institutional investors own 53.95% of the company’s stock.

In related news, insider Barry C. Mccarthy sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $18.69, for a total transaction of $654,150.00. Following the transaction, the insider now directly owns 368,571 shares of the company’s stock, valued at $6,888,591.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Barry C. Mccarthy sold 151,203 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $25.78, for a total transaction of $3,898,013.34. Following the transaction, the insider now directly owns 484,774 shares in the company, valued at $12,497,473.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 299,718 shares of company stock worth $6,723,705. 5.60% of the stock is currently owned by insiders.

A number of analysts recently commented on FDC shares. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $27.00 target price on shares of First Data in a report on Monday, July 30th. Cowen reiterated a “buy” rating and issued a $28.00 target price on shares of First Data in a report on Tuesday, July 31st. Guggenheim reiterated a “buy” rating and issued a $27.00 target price on shares of First Data in a report on Tuesday, July 31st. Nomura reiterated a “hold” rating and issued a $18.00 target price on shares of First Data in a report on Tuesday, July 31st. Finally, SunTrust Banks reiterated a “buy” rating and issued a $29.00 target price on shares of First Data in a report on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $27.04.

First Data stock opened at $16.78 on Wednesday. The company has a market capitalization of $16.70 billion, a PE ratio of 13.11, a PEG ratio of 1.54 and a beta of 1.94. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.47. First Data Corp has a fifty-two week low of $14.73 and a fifty-two week high of $26.62.

First Data (NYSE:FDC) last released its earnings results on Monday, October 29th. The business services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.22 billion. First Data had a return on equity of 19.33% and a net margin of 17.48%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the business earned $0.40 earnings per share. On average, equities research analysts predict that First Data Corp will post 1.2 earnings per share for the current fiscal year.

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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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