First Data Corp (FDC) : Edgemoor Investment Advisors added new position in First Data Corp during the most recent quarter end. The investment management firm now holds 592,910 shares of First Data Corp which is valued at $7,755,263 , the company said in a statement filed on Aug 3, 2016 with the SEC.First Data Corp makes up approximately 1.20% of Edgemoor Investment Advisors’s portfolio.
Other Hedge Funds, Including , Harel Insurance Investments Financial Services Ltd. added FDC to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $1,308. Chicago Equity Partners added FDC to its portfolio by purchasing 1,020,810 company shares during the most recent quarter which is valued at $12,658,044. First Data Corp makes up approx 0.36% of Chicago Equity Partners’s portfolio. Cutler Group Lp added FDC to its portfolio by purchasing 1,776 company shares during the most recent quarter which is valued at $20,104. Curian Capital added FDC to its portfolio by purchasing 106,908 company shares during the most recent quarter which is valued at $1,187,748. First Data Corp makes up approx 0.08% of Curian Capital’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in FDC in the latest quarter, The investment management firm added 3,342 additional shares and now holds a total of 27,430 shares of First Data Corp which is valued at $304,747.
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. 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.