YHB Investment Advisors Inc. Has $678,000 Stake in First Data Corp (FDC)

YHB Investment Advisors Inc. increased its position in First Data Corp (NYSE:FDC) by 109.9% in the first quarter, HoldingsChannel.com reports. The fund owned 25,816 shares of the business services provider’s stock after acquiring an additional 13,516 shares during the quarter. YHB Investment Advisors Inc.’s holdings in First Data were worth $678,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FDC. AQR Capital Management LLC lifted its position in First Data by 669.5% during the third quarter. AQR Capital Management LLC now owns 106,849 shares of the business services provider’s stock valued at $2,615,000 after purchasing an additional 92,963 shares during the last quarter. IFP Advisors Inc lifted its position in First Data by 23.8% during the fourth quarter. IFP Advisors Inc now owns 51,781 shares of the business services provider’s stock valued at $877,000 after purchasing an additional 9,938 shares during the last quarter. Boston Advisors LLC lifted its position in First Data by 28.5% during the fourth quarter. Boston Advisors LLC now owns 57,795 shares of the business services provider’s stock valued at $977,000 after purchasing an additional 12,831 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in First Data during the fourth quarter valued at approximately $42,000. Finally, Legal & General Group Plc lifted its position in First Data by 11.6% during the third quarter. Legal & General Group Plc now owns 705,359 shares of the business services provider’s stock valued at $17,260,000 after purchasing an additional 73,048 shares during the last quarter. Institutional investors own 56.53% of the company’s stock.

Shares of NYSE FDC traded down $0.07 during mid-day trading on Monday, hitting $25.14. The stock had a trading volume of 928,413 shares, compared to its average volume of 8,851,441. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.36. First Data Corp has a 1 year low of $15.17 and a 1 year high of $27.15. The company has a market cap of $23.63 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 1.34 and a beta of 2.28.

First Data (NYSE:FDC) last issued its earnings results on Wednesday, February 6th. The business services provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.32 by $0.06. First Data had a net margin of 10.58% and a return on equity of 18.14%. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the previous year, the firm earned $0.44 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities research analysts anticipate that First Data Corp will post 1.39 earnings per share for the current year.

In related news, insider Ivo M. Distelbrink sold 20,000 shares of First Data stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $25.36, for a total value of $507,200.00. Following the transaction, the insider now directly owns 274,114 shares of the company’s stock, valued at $6,951,531.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Daniel J. Charron sold 74,600 shares of First Data stock in a transaction on Monday, March 18th. The stock was sold at an average price of $25.62, for a total transaction of $1,911,252.00. Following the completion of the transaction, the insider now directly owns 432,951 shares in the company, valued at $11,092,204.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 375,384 shares of company stock worth $9,680,575. 4.87% of the stock is owned by insiders.

Several research analysts have commented on the stock. ValuEngine raised shares of First Data from a “hold” rating to a “buy” rating in a research note on Thursday, January 17th. Atlantic Securities downgraded shares of First Data from an “overweight” rating to a “neutral” rating in a research note on Thursday, January 17th. Goldman Sachs Group downgraded shares of First Data from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $26.00 to $23.00 in a research note on Wednesday, January 16th. KeyCorp decreased their price target on shares of First Data from $25.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 2nd. They noted that the move was a valuation call. Finally, Raymond James downgraded shares of First Data from an “outperform” rating to a “market perform” rating and set a $25.03 price target on the stock. in a research note on Tuesday, February 5th. Twenty equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $25.17.

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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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Want to see what other hedge funds are holding FDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Data Corp (NYSE:FDC).

Institutional Ownership by Quarter for First Data (NYSE:FDC)

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