American International Group Inc. acquired a new stake in shares of First Data Corp (NYSE:FDC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 11,258 shares of the business services provider’s stock, valued at approximately $188,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its holdings in First Data by 22.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 197,010 shares of the business services provider’s stock valued at $3,554,000 after purchasing an additional 35,981 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in First Data by 1,230.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 5,574,786 shares of the business services provider’s stock valued at $100,569,000 after purchasing an additional 5,155,686 shares during the last quarter. Bank of Montreal Can boosted its holdings in First Data by 159.0% in the 4th quarter. Bank of Montreal Can now owns 2,432,974 shares of the business services provider’s stock valued at $40,655,000 after purchasing an additional 1,493,774 shares during the last quarter. Beach Point Capital Management LP acquired a new position in shares of First Data in the 4th quarter worth approximately $3,426,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of First Data by 92.7% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,475,185 shares of the business services provider’s stock worth $26,613,000 after acquiring an additional 709,654 shares during the last quarter. 49.48% of the stock is owned by institutional investors.
Shares of First Data Corp (FDC) opened at $15.60 on Wednesday. First Data Corp has a fifty-two week low of $14.67 and a fifty-two week high of $19.23. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.98. The stock has a market cap of $14,430.00 and a P/E ratio of 13.22.
FDC has been the topic of several recent analyst reports. Bank of America upgraded shares of First Data from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. BMO Capital Markets upgraded shares of First Data from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $19.00 to $21.50 in a report on Monday, November 20th. SunTrust Banks decreased their price objective on shares of First Data to $19.00 and set a “buy” rating on the stock in a report on Wednesday, December 6th. Barclays restated a “buy” rating and issued a $24.00 price objective on shares of First Data in a report on Tuesday, December 5th. Finally, Cantor Fitzgerald restated a “hold” rating and issued a $17.00 price objective on shares of First Data in a report on Monday, February 12th. Seven analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $20.28.
First Data 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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