First Data Corp (FDC) Stake Lifted by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lifted its holdings in shares of First Data Corp (NYSE:FDC) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,242,123 shares of the business services provider’s stock after purchasing an additional 190,024 shares during the quarter. Brandywine Global Investment Management LLC owned 0.45% of First Data worth $71,735,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. AQR Capital Management LLC lifted its position in First Data by 669.5% in the 3rd quarter. AQR Capital Management LLC now owns 106,849 shares of the business services provider’s stock worth $2,615,000 after buying an additional 92,963 shares during the last quarter. IFP Advisors Inc lifted its position in First Data by 23.8% in the fourth quarter. IFP Advisors Inc now owns 51,781 shares of the business services provider’s stock valued at $877,000 after purchasing an additional 9,938 shares during the last quarter. GAM Holding AG lifted its position in First Data by 57.8% in the third quarter. GAM Holding AG now owns 48,155 shares of the business services provider’s stock valued at $1,178,000 after purchasing an additional 17,644 shares during the last quarter. Boston Advisors LLC lifted its position in First Data by 28.5% in the fourth quarter. Boston Advisors LLC now owns 57,795 shares of the business services provider’s stock valued at $977,000 after purchasing an additional 12,831 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in First Data in the fourth quarter valued at approximately $42,000. 55.84% of the stock is owned by institutional investors.

Several analysts have weighed in on FDC shares. Craig Hallum lowered their price objective on First Data from $35.00 to $27.00 and set a “fair value” rating for the company in a research report on Thursday, January 17th. KeyCorp lowered their price objective on First Data from $25.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, January 2nd. They noted that the move was a valuation call. Piper Jaffray Companies downgraded First Data from an “overweight” rating to a “neutral” rating in a research report on Wednesday, February 6th. ValuEngine upgraded First Data from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Barclays downgraded First Data from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $24.00 to $23.00 in a research report on Tuesday, January 22nd. Twenty analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. First Data currently has an average rating of “Hold” and an average target price of $24.98.

Shares of First Data stock opened at $25.63 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.36. The company has a market cap of $24.05 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 1.36 and a beta of 2.28. First Data Corp has a 52 week low of $14.73 and a 52 week high of $26.62.

First Data (NYSE:FDC) last issued its quarterly earnings results on Wednesday, February 6th. The business services provider reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.06. The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.19 billion. First Data had a return on equity of 18.14% and a net margin of 10.58%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 earnings per share. On average, equities analysts predict that First Data Corp will post 1.39 earnings per share for the current fiscal year.

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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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