Night Owl Capital Management LLC lifted its holdings in shares of First Data Corp (NYSE:FDC) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 470,476 shares of the business services provider’s stock after purchasing an additional 4,832 shares during the quarter. First Data accounts for about 3.7% of Night Owl Capital Management LLC’s portfolio, making the stock its 11th biggest position. Night Owl Capital Management LLC owned about 0.05% of First Data worth $7,862,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Iridian Asset Management LLC CT acquired a new stake in First Data in the 3rd quarter valued at approximately $121,916,000. Point72 Asset Management L.P. raised its position in First Data by 1,230.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 5,574,786 shares of the business services provider’s stock valued at $100,569,000 after buying an additional 5,155,686 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in First Data in the 3rd quarter valued at approximately $54,501,000. Jana Partners LLC raised its position in First Data by 35.2% in the 3rd quarter. Jana Partners LLC now owns 10,065,428 shares of the business services provider’s stock valued at $181,580,000 after buying an additional 2,623,313 shares during the last quarter. Finally, Deutsche Bank AG raised its position in First Data by 296.8% in the 4th quarter. Deutsche Bank AG now owns 3,336,403 shares of the business services provider’s stock valued at $55,749,000 after buying an additional 2,495,618 shares during the last quarter. 49.48% of the stock is currently owned by institutional investors.
First Data Corp (FDC) opened at $15.60 on Wednesday. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.00 and a current ratio of 1.00. First Data Corp has a one year low of $14.67 and a one year high of $19.23. The company has a market capitalization of $14,410.00 and a P/E ratio of 13.22.
A number of brokerages recently issued reports on FDC. BMO Capital Markets raised First Data from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $19.00 to $21.50 in a research report on Monday, November 20th. Sanford C. Bernstein raised First Data from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 14th. Barclays reissued a “buy” rating and issued a $24.00 target price on shares of First Data in a research report on Tuesday, December 5th. Piper Jaffray Companies reissued a “buy” rating and issued a $26.00 target price on shares of First Data in a research report on Thursday, January 18th. Finally, Robert W. Baird upgraded First Data from a “neutral” rating to an “outperform” rating and set a $22.00 price target for the company in a research note on Wednesday, February 14th. Seven investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $20.28.
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First Data Profile
First Data Corporation is a provider of commerce-enabling technology and solutions for merchants, financial institutions and card issuers. The Company’s segments are Global Business Solutions (GBS), Global Financial Solutions (GFS), Network & Security Solutions (NSS), and Corporate. The GBS segment provides businesses of all sizes and types with a range of solutions at the point of sale, including merchant acquiring, e-commerce, mobile commerce, point-of-sale, and other business solutions.
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