First Data Corp (FDC) : Stanley Capital Management scooped up 41,300 additional shares in First Data Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 321,300 shares of First Data Corp which is valued at $4,665,276.First Data Corp makes up approximately 3.49% of Stanley Capital Management’s portfolio.
Other Hedge Funds, Including , Cubist Systematic Strategies reduced its stake in FDC by selling 1,996 shares or 4.21% in the most recent quarter. The Hedge Fund company now holds 45,369 shares of FDC which is valued at $658,758. First Data Corp makes up approx 0.04% of Cubist Systematic Strategies’s portfolio.Acrospire Investment Management reduced its stake in FDC by selling 2,260 shares or 20.93% in the most recent quarter. The Hedge Fund company now holds 8,540 shares of FDC which is valued at $120,756. First Data Corp makes up approx 0.08% of Acrospire Investment Management’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in FDC by selling 460,053 shares or 8.17% in the most recent quarter. The Hedge Fund company now holds 5,169,477 shares of FDC which is valued at $74,750,637. First Data Corp makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio.First Manhattan Co boosted its stake in FDC in the latest quarter, The investment management firm added 1,500 additional shares and now holds a total of 2,500 shares of First Data Corp which is valued at $34,525.
On the company’s financial health, First Data Corp reported $0.34 EPS for the quarter, based on the information available during the earnings call on Nov 7, 2016. Analyst had a consensus estimate of $0.34. The company had revenue of $2936.00 million for the quarter, compared to analysts expectations of $2986.19 million. The company’s revenue was up .5% compared to the same quarter last year.
Many Wall Street Analysts have commented on First Data Corp. Company shares were Reiterated by Mizuho on Nov 8, 2016 to “Buy”, Firm has raised the Price Target to $ 17 from a previous price target of $16 .Wedbush Initiated First Data Corp on Sep 9, 2016 to “Neutral”, Price Target of the shares are set at $15.Jefferies Initiated First Data Corp on Aug 31, 2016 to “Buy”, Price Target of the shares are set at $16.50.
First Data Corporation is a United States-based company which provides electronic commerce and payment solutions for merchants financial institutions and card issuers. The Company provides services including merchant transaction processing and acquiring; credit retail and debit card issuing and processing; prepaid services and check verification settlement and guarantee services. It operates through three segments: Merchant Solutions which includes merchant acquiring and processing services prepaid services and check verification settlement and guarantee services; Financial Services which consists of credit and retail card processing services; debit network and processing services; output services and other services including remittance processing and International which consists of credit retail debit and prepaid card processing; merchant acquiring and processing and automated teller machine and point of sale (POS) processing acquiring and switching services.