Westpac Banking Corp grew its holdings in First Data Corp (NYSE:FDC) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,335 shares of the business services provider’s stock after purchasing an additional 700 shares during the quarter. Westpac Banking Corp’s holdings in First Data were worth $2,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of First Data by 2.5% in the 1st quarter. BlackRock Inc. now owns 27,303,800 shares of the business services provider’s stock valued at $717,270,000 after purchasing an additional 656,966 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of First Data by 33.3% in the 1st quarter. JPMorgan Chase & Co. now owns 8,523,468 shares of the business services provider’s stock valued at $223,911,000 after purchasing an additional 2,128,341 shares during the period. Alpine Associates Management Inc. acquired a new position in shares of First Data in the 1st quarter valued at about $194,137,000. CNH Partners LLC acquired a new position in shares of First Data in the 1st quarter valued at about $156,189,000. Finally, Geode Capital Management LLC lifted its stake in shares of First Data by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 4,704,460 shares of the business services provider’s stock valued at $79,495,000 after purchasing an additional 232,179 shares during the period. 53.28% of the stock is currently owned by institutional investors.
Shares of FDC opened at $31.69 on Friday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a 50 day moving average price of $29.65 and a two-hundred day moving average price of $26.73. The firm has a market capitalization of $29.91 billion, a P/E ratio of 26.19, a P/E/G ratio of 1.89 and a beta of 1.93. First Data Corp has a 52 week low of $15.52 and a 52 week high of $31.69.
FDC has been the topic of a number of recent analyst reports. BMO Capital Markets set a $29.00 price objective on First Data and gave the company a “hold” rating in a research note on Friday, July 26th. TheStreet raised First Data from a “c+” rating to a “b” rating in a research report on Friday, July 26th. Finally, Zacks Investment Research raised First Data from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Wednesday, June 19th. Nineteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $25.09.
In other First Data news, insider Michael K. Neborak sold 111,707 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $26.66, for a total transaction of $2,978,108.62. Following the completion of the sale, the insider now directly owns 434,723 shares of the company’s stock, valued at approximately $11,589,715.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael K. Neborak sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $25.76, for a total value of $154,560.00. Following the sale, the insider now directly owns 351,087 shares of the company’s stock, valued at $9,044,001.12. The disclosure for this sale can be found here. Insiders own 4.87% of the company’s stock.
First Data Company Profile
First Data Corporation provides commerce enabled technology and solutions for merchants, financial institutions, and card issuers in the United States, Canada, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company operates through three segments: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions.
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