First Data Corp (FDC) : Stonerise Capital Management added new position in First Data Corp during the most recent quarter end. The investment management firm now holds 70,000 shares of First Data Corp which is valued at $919,800 , the company said in a statement filed on Aug 15, 2016 with the SEC.First Data Corp makes up approximately 0.44% of Stonerise Capital Management’s portfolio.
Other Hedge Funds, Including , Arrowstreet Capital Limited Partnership sold out all of its stake in FDC during the most recent quarter. The investment firm sold 51,200 shares of FDC which is valued $672,768. Norges Bank added FDC to its portfolio by purchasing 3,754,729 company shares during the most recent quarter which is valued at $49,337,139. First Data Corp makes up approx 0.02% of Norges Bank’s portfolio.Tiaa Cref Investment Management boosted its stake in FDC in the latest quarter, The investment management firm added 1,166,593 additional shares and now holds a total of 1,657,544 shares of First Data Corp which is valued at $21,780,128. First Data Corp makes up approx 0.02% of Tiaa Cref Investment Management’s portfolio.Blackrock Group Ltd reduced its stake in FDC by selling 109,417 shares or 8.99% in the most recent quarter. The Hedge Fund company now holds 1,107,094 shares of FDC which is valued at $14,547,215. First Data Corp makes up approx 0.01% of Blackrock Group Ltd’s portfolio.Checchi Capital Advisers boosted its stake in FDC in the latest quarter, The investment management firm added 1,246 additional shares and now holds a total of 2,558 shares of First Data Corp which is valued at $31,387. First Data Corp makes up approx 0.01% of Checchi Capital Advisers’s portfolio.
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. Jefferies Initiated First Data Corp on Aug 31, 2016 to “Buy”, Price Target of the shares are set at $16.50.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.