First Data Corp (FDC) : Toscafund Asset Management Llp scooped up 600,000 additional shares in First Data Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,200,000 shares of First Data Corp which is valued at $28,908,000.First Data Corp makes up approximately 13.77% of Toscafund Asset Management Llp’s portfolio.
Other Hedge Funds, Including , Stevens Capital Management Lp added FDC to its portfolio by purchasing 82,656 company shares during the most recent quarter which is valued at $1,086,100. First Data Corp makes up approx 0.04% of Stevens Capital Management Lp’s portfolio.Tdam Usa reduced its stake in FDC by selling 14,955 shares or 3.01% in the most recent quarter. The Hedge Fund company now holds 481,334 shares of FDC which is valued at $6,334,355. First Data Corp makes up approx 0.30% of Tdam Usa’s portfolio.
On the company’s financial health, First Data Corp reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.34. The company had revenue of $2928.00 million for the quarter, compared to analysts expectations of $2956.10 million. The company’s revenue was up 1.9% compared to the same quarter last year.
Many Wall Street Analysts have commented on First Data Corp. Jefferies Initiated First Data Corp on Aug 31, 2016 to “Buy”, Price Target of the shares are set at $16.50.Piper Jaffray Initiated First Data Corp on Jul 19, 2016 to “Overweight”, Price Target of the shares are set at $15.First Data Corp was Initiated by Keefe Bruyette to “Outperform” on Jun 7, 2016.
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.