First Data Corp (FDC) : Pelham Capital Ltd. has sold out all of its stake in First Data Corp during the most recent quarter, according to the disclosure filed by the company on May 3, 2016 with the SEC. The investment management company has sold out 200,000 shares of First Data Corp which is valued at $2,148,000.
Other Hedge Funds, Including , Rhumbline Advisers boosted its stake in FDC in the latest quarter, The investment management firm added 54,685 additional shares and now holds a total of 142,310 shares of First Data Corp which is valued at $1,528,409.Ifp Advisors Inc reduced its stake in FDC by selling 944 shares or 99.58% in the most recent quarter. The Hedge Fund company now holds 4 shares of FDC which is valued at $43.Pitcairn Co reduced its stake in FDC by selling 599 shares or 2.52% in the most recent quarter. The Hedge Fund company now holds 23,189 shares of FDC which is valued at $264,123. First Data Corp makes up approx 0.03% of Pitcairn Co’s portfolio. Quantbot Technologies Lp sold out all of its stake in FDC during the most recent quarter. The investment firm sold 12,559 shares of FDC which is valued $143,047. Curian Capital added FDC to its portfolio by purchasing 106,908 company shares during the most recent quarter which is valued at $1,217,682. First Data Corp makes up approx 0.09% of Curian Capital’s portfolio.
On the company’s financial health, First Data Corp reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $0.23. The company had revenue of $2777.00 million for the quarter, compared to analysts expectations of $2773.69 million. The company’s revenue was up 3.0% compared to the same quarter last year.
Many Wall Street Analysts have commented on First Data Corp. Company shares were Reiterated by Mizuho on Apr 26, 2016 to “Buy”, Firm has raised the Price Target to $ 17 from a previous price target of $16 .First Data Corp was Downgraded by Stifel to ” Hold” on Apr 26, 2016. Nomura Initiated First Data Corp on Apr 20, 2016 to “Neutral”, Price Target of the shares are set at $14.
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.