HBK Investments L P boosted its position in shares of First Data Corp (NYSE:FDC) by 144.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 645,500 shares of the business services provider’s stock after acquiring an additional 381,900 shares during the quarter. HBK Investments L P owned about 0.07% of First Data worth $10,786,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of FDC. Iridian Asset Management LLC CT acquired a new stake in First Data during the 3rd quarter worth about $121,916,000. Point72 Asset Management L.P. lifted its position in First Data by 1,230.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 5,574,786 shares of the business services provider’s stock worth $100,569,000 after acquiring an additional 5,155,686 shares during the period. Alyeska Investment Group L.P. acquired a new stake in First Data during the 3rd quarter worth about $54,501,000. Jana Partners LLC lifted its position in First Data by 35.2% during the 3rd quarter. Jana Partners LLC now owns 10,065,428 shares of the business services provider’s stock worth $181,580,000 after acquiring an additional 2,623,313 shares during the period. Finally, Deutsche Bank AG lifted its position in First Data by 296.8% during the 4th quarter. Deutsche Bank AG now owns 3,336,403 shares of the business services provider’s stock worth $55,749,000 after acquiring an additional 2,495,618 shares during the period. 49.48% of the stock is owned by institutional investors.
First Data Corp (NYSE FDC) opened at $15.60 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.98. First Data Corp has a 52 week low of $14.67 and a 52 week high of $19.23. The firm has a market capitalization of $14,495.31, a PE ratio of 12.04, a P/E/G ratio of 1.00 and a beta of 1.61.
A number of analysts have commented on the company. BMO Capital Markets raised First Data from a “market perform” rating to an “outperform” rating and lifted their price target for the stock 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 reaffirmed a “buy” rating and set a $24.00 price target on shares of First Data in a research report on Tuesday, December 5th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $26.00 price target on shares of First Data in a research report on Thursday, January 18th. Finally, Robert W. Baird raised First Data from a “neutral” rating to an “outperform” rating and set a $22.00 price target for the company in a research report on Wednesday, February 14th. Seven analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $20.28.
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First Data Company 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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