Macquarie Group Ltd. Takes Position in First Data Corp (FDC)

Macquarie Group Ltd. purchased a new stake in shares of First Data Corp (NYSE:FDC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,800 shares of the business services provider’s stock, valued at approximately $114,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FDC. First Manhattan Co. increased its holdings in shares of First Data by 4.8% in the fourth quarter. First Manhattan Co. now owns 11,000 shares of the business services provider’s stock worth $186,000 after buying an additional 500 shares during the period. Level Four Advisory Services LLC increased its holdings in shares of First Data by 7.7% in the fourth quarter. Level Four Advisory Services LLC now owns 14,902 shares of the business services provider’s stock worth $252,000 after buying an additional 1,062 shares during the period. ST Germain D J Co. Inc. increased its holdings in shares of First Data by 9.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 12,340 shares of the business services provider’s stock worth $209,000 after buying an additional 1,080 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of First Data by 5.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 20,382 shares of the business services provider’s stock worth $345,000 after buying an additional 1,100 shares during the period. Finally, First Personal Financial Services increased its holdings in shares of First Data by 57.9% in the fourth quarter. First Personal Financial Services now owns 4,049 shares of the business services provider’s stock worth $68,000 after buying an additional 1,484 shares during the period. Institutional investors and hedge funds own 56.69% of the company’s stock.

NYSE FDC opened at $25.13 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.36. The stock has a market capitalization of $23.94 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 1.36 and a beta of 2.28. First Data Corp has a 1 year low of $14.73 and a 1 year high of $27.15.

First Data (NYSE:FDC) last posted its quarterly earnings data on Wednesday, February 6th. The business services provider reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.06. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.19 billion. First Data had a return on equity of 18.14% and a net margin of 10.58%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 EPS. As a group, analysts anticipate that First Data Corp will post 1.39 EPS for the current fiscal year.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded First Data from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Tuesday, January 29th. BMO Capital Markets reiterated a “hold” rating and issued a $25.64 price objective on shares of First Data in a report on Thursday, February 7th. SunTrust Banks reiterated a “buy” rating on shares of First Data in a report on Monday, January 7th. Keefe, Bruyette & Woods downgraded First Data from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $21.00 to $22.00 in a report on Thursday, January 17th. Finally, Goldman Sachs Group downgraded First Data from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $26.00 to $23.00 in a report on Wednesday, January 16th. Twenty investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. First Data currently has a consensus rating of “Hold” and a consensus target price of $25.17.

In other First Data news, EVP John F. Whorley, Jr. sold 38,512 shares of First Data stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $25.90, for a total transaction of $997,460.80. Following the sale, the executive vice president now directly owns 188,289 shares of the company’s stock, valued at approximately $4,876,685.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Guy Chiarello sold 203,647 shares of First Data stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $25.85, for a total value of $5,264,274.95. Following the sale, the president now directly owns 1,324,235 shares in the company, valued at $34,231,474.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 375,384 shares of company stock worth $9,680,575. Insiders own 4.87% of the company’s stock.

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First Data Company Profile

First Data Corporation provides commerce enabled technology and solutions for merchants, financial institutions, and card issuers in the United States, Canada, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company operates through three segments: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions.

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

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