First Data Corporation (FDC) Shares Bought by M&T Bank Corp

M&T Bank Corp increased its stake in shares of First Data Corporation (NYSE:FDC) by 16.3% during the first quarter, Holdings Channel reports. The fund owned 15,785 shares of the business services provider’s stock after buying an additional 2,210 shares during the period. M&T Bank Corp’s holdings in First Data Corporation were worth $245,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Independent Portfolio Consultants Inc. acquired a new stake in shares of First Data Corporation during the first quarter valued at approximately $106,000. Nordea Investment Management AB boosted its stake in shares of First Data Corporation by 9.0% in the first quarter. Nordea Investment Management AB now owns 7,632 shares of the business services provider’s stock valued at $118,000 after buying an additional 632 shares in the last quarter. Nikko Asset Management Americas Inc. boosted its stake in shares of First Data Corporation by 79.1% in the first quarter. Nikko Asset Management Americas Inc. now owns 7,700 shares of the business services provider’s stock valued at $119,000 after buying an additional 3,400 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of First Data Corporation by 7.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,571 shares of the business services provider’s stock valued at $124,000 after buying an additional 616 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of First Data Corporation by 18.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,108 shares of the business services provider’s stock valued at $144,000 after buying an additional 1,575 shares in the last quarter. Hedge funds and other institutional investors own 36.58% of the company’s stock.

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

First Data Corporation (NYSE FDC) opened at 18.44 on Tuesday. The stock has a 50 day moving average price of $17.09 and a 200 day moving average price of $15.81. First Data Corporation has a 1-year low of $9.90 and a 1-year high of $19.01. The firm has a market cap of $16.95 billion, a P/E ratio of 33.29 and a beta of 1.79.

First Data Corporation (NYSE:FDC) last issued its quarterly earnings results on Monday, May 8th. The business services provider reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.07. The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.78 billion. First Data Corporation had a return on equity of 26.15% and a net margin of 4.41%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 earnings per share. On average, analysts anticipate that First Data Corporation will post $1.53 EPS for the current year.

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Several research firms recently weighed in on FDC. Stifel Nicolaus began coverage on shares of First Data Corporation in a research note on Thursday, June 1st. They set a “buy” rating and a $20.00 price objective on the stock. BTIG Research reissued a “buy” rating and set a $18.00 price objective on shares of First Data Corporation in a research note on Thursday, June 1st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $19.00 price objective on shares of First Data Corporation in a research note on Tuesday, April 4th. Citigroup Inc. lifted their price objective on shares of First Data Corporation from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Finally, ValuEngine lowered shares of First Data Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Eight investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $18.16.

In related news, insider Matthew Cagwin sold 8,195 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $16.42, for a total value of $134,561.90. Following the sale, the insider now directly owns 85,007 shares of the company’s stock, valued at $1,395,814.94. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.30% of the stock is owned by corporate insiders.

About First Data Corporation

First Data Corporation is a provider of commerce-enabling technology and solutions for merchants, financial institutions and card issuers. The Company’s segments are Global Business Solutions (GBS), Global Financial Solutions (GFS), Network & Security Solutions (NSS), and Corporate. The GBS segment provides businesses of all sizes and types with a range of solutions at the point of sale, including merchant acquiring, e-commerce, mobile commerce, point-of-sale, and other business solutions.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FDC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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