American International Group Inc. Has $110,000 Position in First Data Corporation (FDC)

American International Group Inc. lowered its stake in shares of First Data Corporation (NYSE:FDC) by 3.6% during the first quarter, Holdings Channel reports. The fund owned 7,125 shares of the business services provider’s stock after selling 269 shares during the period. American International Group Inc.’s holdings in First Data Corporation were worth $110,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its stake in shares of First Data Corporation by 171.1% in the first quarter. Bank of New York Mellon Corp now owns 11,814,562 shares of the business services provider’s stock valued at $183,125,000 after buying an additional 7,455,819 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of First Data Corporation by 1.4% in the first quarter. Canada Pension Plan Investment Board now owns 6,742,200 shares of the business services provider’s stock valued at $104,504,000 after buying an additional 93,700 shares during the last quarter. Dudley & Shanley LLC purchased a new stake in shares of First Data Corporation during the first quarter valued at $20,351,000. Prudential Financial Inc. boosted its stake in shares of First Data Corporation by 38.8% in the first quarter. Prudential Financial Inc. now owns 1,213,300 shares of the business services provider’s stock valued at $18,806,000 after buying an additional 339,400 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of First Data Corporation by 120.4% in the first quarter. First Trust Advisors LP now owns 1,189,536 shares of the business services provider’s stock valued at $18,438,000 after buying an additional 649,917 shares during the last quarter. 36.55% of the stock is owned by institutional investors and hedge funds.

First Data Corporation (FDC) opened at 17.95 on Thursday. The company has a market capitalization of $16.57 billion, a price-to-earnings ratio of 30.02 and a beta of 1.77. The company has a 50 day moving average of $18.46 and a 200 day moving average of $16.73. First Data Corporation has a 52 week low of $12.71 and a 52 week high of $19.20.

First Data Corporation (NYSE:FDC) last announced its earnings results on Monday, August 7th. The business services provider reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.06. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.98 billion. First Data Corporation had a net margin of 4.66% and a return on equity of 26.25%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share. On average, equities analysts forecast that First Data Corporation will post $1.53 EPS for the current fiscal year.

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FDC has been the subject of several analyst reports. Wedbush reissued a “neutral” rating and set a $20.00 price target (up previously from $15.00) on shares of First Data Corporation in a research report on Tuesday, June 6th. Stifel Nicolaus started coverage on shares of First Data Corporation in a research report on Thursday, June 1st. They issued a “buy” rating and a $20.00 target price for the company. Zacks Investment Research raised shares of First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Friday, July 21st. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $23.00 target price (up from $22.00) on shares of First Data Corporation in a research report on Thursday. Finally, Atlantic Securities reaffirmed a “neutral” rating and issued a $17.00 target price on shares of First Data Corporation in a research report on Wednesday, April 12th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $18.70.

First Data Corporation Company Profile

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.

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

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