Affinity Investment Advisors LLC trimmed its holdings in shares of First Data Corp (NYSE:FDC) by 32.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,600 shares of the business services provider’s stock after selling 56,740 shares during the quarter. Affinity Investment Advisors LLC’s holdings in First Data were worth $1,972,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. First Manhattan Co. increased its holdings in First Data by 4.8% during the fourth quarter. First Manhattan Co. now owns 11,000 shares of the business services provider’s stock valued at $186,000 after buying an additional 500 shares during the period. ST Germain D J Co. Inc. grew its holdings in First Data by 9.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 12,340 shares of the business services provider’s stock worth $209,000 after purchasing an additional 1,080 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in First Data by 5.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 20,382 shares of the business services provider’s stock worth $345,000 after purchasing an additional 1,100 shares during the last quarter. First Personal Financial Services grew its holdings in First Data by 57.9% in the fourth quarter. First Personal Financial Services now owns 4,049 shares of the business services provider’s stock worth $68,000 after purchasing an additional 1,484 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD grew its holdings in First Data by 5.4% in the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 31,475 shares of the business services provider’s stock worth $532,000 after purchasing an additional 1,624 shares during the last quarter. 55.78% of the stock is currently owned by institutional investors.
FDC has been the topic of several analyst reports. ValuEngine raised shares of First Data from a “hold” rating to a “buy” rating in a report on Thursday, January 17th. Nomura lifted their price target on shares of First Data from $21.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, October 17th. KeyCorp cut their price target on shares of First Data from $25.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, January 2nd. They noted that the move was a valuation call. Atlantic Securities lowered shares of First Data from an “overweight” rating to a “neutral” rating in a report on Thursday, January 17th. Finally, Goldman Sachs Group lowered shares of First Data from a “buy” rating to a “neutral” rating and cut their price target for the stock from $26.00 to $23.00 in a report on Wednesday, January 16th. Eighteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $24.98.
In other news, insider Cynthia A. Armine-Klein sold 99,510 shares of First Data stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $19.00, for a total transaction of $1,890,690.00. Following the completion of the sale, the insider now directly owns 662,767 shares in the company, valued at $12,592,573. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.60% of the company’s stock.
NYSE:FDC opened at $25.05 on Tuesday. First Data Corp has a 12 month low of $14.73 and a 12 month high of $26.62. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $23.61 billion, a PE ratio of 20.70, a P/E/G ratio of 1.37 and a beta of 2.31.
First Data (NYSE:FDC) last posted its quarterly earnings data on Wednesday, February 6th. The business services provider reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.06. First Data had a net margin of 10.58% and a return on equity of 18.47%. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities analysts predict that First Data Corp will post 1.38 EPS for the current year.
About First Data
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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