First Data Corp (FDC) Position Increased by Eaton Vance Management

Eaton Vance Management increased its stake in First Data Corp (NYSE:FDC) by 22.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 190,877 shares of the business services provider’s stock after purchasing an additional 34,486 shares during the period. Eaton Vance Management’s holdings in First Data were worth $4,671,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. GSA Capital Partners LLP raised its position in First Data by 273.2% during the 3rd quarter. GSA Capital Partners LLP now owns 257,153 shares of the business services provider’s stock worth $6,293,000 after buying an additional 188,249 shares during the last quarter. North Fourth Asset Management LP purchased a new position in First Data during the 3rd quarter worth approximately $2,741,000. United Services Automobile Association raised its position in First Data by 18.8% during the 3rd quarter. United Services Automobile Association now owns 487,568 shares of the business services provider’s stock worth $11,931,000 after buying an additional 77,080 shares during the last quarter. Crescent Park Management L.P. raised its position in First Data by 1.1% during the 3rd quarter. Crescent Park Management L.P. now owns 1,572,779 shares of the business services provider’s stock worth $38,486,000 after buying an additional 17,730 shares during the last quarter. Finally, Standard Life Aberdeen plc raised its position in First Data by 14.3% during the 3rd quarter. Standard Life Aberdeen plc now owns 7,157,209 shares of the business services provider’s stock worth $175,137,000 after buying an additional 894,298 shares during the last quarter. Institutional investors own 56.29% of the company’s stock.

A number of equities analysts have issued reports on FDC shares. Bank of America raised their price target on shares of First Data from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, August 16th. Atlantic Securities raised shares of First Data from a “neutral” rating to an “overweight” rating in a research report on Friday, August 17th. Goldman Sachs Group raised their price target on shares of First Data to $30.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. They noted that the move was a valuation call. ValuEngine raised shares of First Data from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Finally, Wedbush raised their price target on shares of First Data from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, September 6th. Five analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $27.04.

NYSE:FDC opened at $17.72 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.47. The company has a market cap of $17.27 billion, a PE ratio of 14.74, a PEG ratio of 1.60 and a beta of 1.93. First Data Corp has a 1-year low of $14.73 and a 1-year high of $26.62.

First Data (NYSE:FDC) last posted its earnings results on Monday, October 29th. The business services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.22 billion. First Data had a net margin of 17.48% and a return on equity of 19.33%. First Data’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $0.40 earnings per share. Analysts expect that First Data Corp will post 1.19 earnings per share for the current fiscal year.

In related news, insider Barry C. Mccarthy sold 35,000 shares of the business’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $18.69, for a total value of $654,150.00. Following the completion of the sale, the insider now owns 368,571 shares of the company’s stock, valued at approximately $6,888,591.99. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Barry C. Mccarthy sold 113,515 shares of the business’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $19.13, for a total transaction of $2,171,541.95. Following the completion of the sale, the insider now directly owns 368,571 shares of the company’s stock, valued at approximately $7,050,763.23. The disclosure for this sale can be found here. In the last three months, insiders sold 399,228 shares of company stock valued at $8,614,395. 5.60% of the stock is owned by insiders.

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First Data Company Profile

First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. It operates through three segments: Global Business Solutions (GBS), Global Financial Solutions (GFS), and Network & Security Solutions (NSS). The GBS segment offers retail point-of-sale merchant acquiring and e-commerce services; and mobile payment services, as well as its cloud-based Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications.

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

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