Comerica Bank decreased its stake in First Data Corp (NYSE:FDC) by 6.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,484 shares of the business services provider’s stock after selling 1,632 shares during the period. Comerica Bank’s holdings in First Data were worth $656,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Lombard Odier Asset Management USA Corp boosted its position in shares of First Data by 32.3% in the first quarter. Lombard Odier Asset Management USA Corp now owns 264,600 shares of the business services provider’s stock worth $6,951,000 after buying an additional 64,600 shares during the period. Mint Tower Capital Management B.V. purchased a new stake in shares of First Data in the first quarter worth about $1,307,000. First Trust Advisors LP boosted its position in shares of First Data by 38.6% in the second quarter. First Trust Advisors LP now owns 1,088,795 shares of the business services provider’s stock worth $29,474,000 after buying an additional 303,227 shares during the period. ARP Americas LP boosted its position in shares of First Data by 10.2% in the second quarter. ARP Americas LP now owns 1,594,976 shares of the business services provider’s stock worth $43,176,000 after buying an additional 147,410 shares during the period. Finally, Quantitative Systematic Strategies LLC boosted its position in shares of First Data by 125.7% in the second quarter. Quantitative Systematic Strategies LLC now owns 76,159 shares of the business services provider’s stock worth $2,062,000 after buying an additional 42,413 shares during the period. 53.28% of the stock is owned by institutional investors.
Several research analysts recently commented on FDC shares. BMO Capital Markets set a $29.00 price target on First Data and gave the stock a “hold” rating in a research note on Friday, July 26th. Zacks Investment Research upgraded First Data from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Wednesday, June 19th. Finally, TheStreet upgraded 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 four have given a buy rating to the company’s stock. First Data has a consensus rating of “Hold” and a consensus target price of $24.83.
First Data Corp has a 1 year low of $15.52 and a 1 year high of $31.69. The firm has a market cap of $29.91 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 1.89 and a beta of 1.93. The business’s fifty day moving average is $31.32 and its 200 day moving average is $27.42. 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 (NYSE:FDC) last issued its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. First Data had a return on equity of 17.55% and a net margin of 10.52%. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period in the prior year, the company posted $0.39 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, research analysts forecast that First Data Corp will post 1.39 EPS for the current year.
First Data 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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