First Data Corp (NYSE:FDC) is One68 Global Capital LLC’s 6th Largest Position

One68 Global Capital LLC increased its stake in shares of First Data Corp (NYSE:FDC) by 147.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 144,350 shares of the business services provider’s stock after buying an additional 85,944 shares during the period. First Data comprises about 4.9% of One68 Global Capital LLC’s holdings, making the stock its 6th biggest position. One68 Global Capital LLC’s holdings in First Data were worth $3,908,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Investors Research Corp purchased a new stake in First Data during the first quarter worth about $39,000. Bremer Bank National Association purchased a new position in shares of First Data in the first quarter worth about $98,000. Signaturefd LLC increased its stake in shares of First Data by 116.6% in the first quarter. Signaturefd LLC now owns 3,716 shares of the business services provider’s stock worth $98,000 after purchasing an additional 2,000 shares in the last quarter. Flagship Harbor Advisors LLC increased its stake in shares of First Data by 102.1% in the second quarter. Flagship Harbor Advisors LLC now owns 3,789 shares of the business services provider’s stock worth $102,000 after purchasing an additional 1,914 shares in the last quarter. Finally, Westside Investment Management Inc. purchased a new position in shares of First Data in the second quarter worth about $170,000. Institutional investors and hedge funds own 53.28% of the company’s stock.

Shares of FDC stock remained flat at $$31.69 during trading hours on Friday. The business’s 50-day moving average is $30.24 and its 200-day moving average is $26.94. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.01 and a quick ratio of 1.01. First Data Corp has a 12 month low of $15.52 and a 12 month high of $31.69. The company has a market cap of $29.91 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 1.89 and a beta of 1.93.

First Data (NYSE:FDC) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.37 EPS for the quarter, meeting analysts’ consensus estimates of $0.37. First Data had a net margin of 10.52% and a return on equity of 17.55%. The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period last year, the business earned $0.39 earnings per share. First Data’s revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts predict that First Data Corp will post 1.39 earnings per share for the current fiscal year.

In other news, insider Michael K. Neborak sold 111,707 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $26.66, for a total value of $2,978,108.62. Following the completion of the transaction, the insider now directly owns 434,723 shares in the company, valued at $11,589,715.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.87% of the stock is currently owned by company insiders.

Several research firms have recently weighed in on FDC. Zacks Investment Research upgraded shares of First Data from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Wednesday, June 19th. BMO Capital Markets set a $29.00 target price on shares of First Data and gave the stock a “hold” rating in a research note on Friday, July 26th. Finally, TheStreet upgraded shares of First Data from a “c+” rating to a “b” rating in a research note on Friday, July 26th. Nineteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. First Data presently has a consensus rating of “Hold” and an average target price of $25.09.

About First Data

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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