GSA Capital Partners LLP Grows Holdings in First Data (FDC)

GSA Capital Partners LLP raised its position in First Data (NYSE:FDC) by 82.0% in the 1st quarter, HoldingsChannel reports. The fund owned 28,756 shares of the business services provider’s stock after acquiring an additional 12,955 shares during the quarter. GSA Capital Partners LLP’s holdings in First Data were worth $460,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. acquired a new position in First Data in the 4th quarter valued at about $103,000. Pittenger & Anderson Inc. grew its position in First Data by 72.2% in the 4th quarter. Pittenger & Anderson Inc. now owns 7,750 shares of the business services provider’s stock valued at $130,000 after acquiring an additional 3,250 shares in the last quarter. IBM Retirement Fund acquired a new position in First Data in the 1st quarter valued at about $167,000. Wellington Shields Capital Management LLC acquired a new position in First Data in the 1st quarter valued at about $185,000. Finally, American International Group Inc. acquired a new position in First Data in the 4th quarter valued at about $188,000. 51.90% of the stock is owned by institutional investors.

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FDC stock opened at $21.72 on Friday. The company has a market cap of $20.25 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 1.65 and a beta of 1.42. First Data has a fifty-two week low of $14.73 and a fifty-two week high of $22.14. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.01 and a quick ratio of 1.01.

First Data (NYSE:FDC) last posted its earnings results on Monday, April 30th. The business services provider reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.03. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.98 billion. First Data had a return on equity of 23.21% and a net margin of 13.27%. The firm’s revenue was down 18.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 earnings per share. sell-side analysts anticipate that First Data will post 1.24 earnings per share for the current fiscal year.

In related news, insider Andrew Gelb sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $18.40, for a total transaction of $184,000.00. Following the completion of the sale, the insider now owns 422,024 shares in the company, valued at $7,765,241.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Christopher M. Foskett sold 17,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $21.77, for a total value of $380,975.00. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 300 shares of company stock valued at $5,627 and have sold 166,412 shares valued at $3,259,248. 5.60% of the stock is owned by insiders.

Several equities analysts have weighed in on FDC shares. Zacks Investment Research downgraded First Data from a “hold” rating to a “sell” rating in a research report on Tuesday, March 20th. Sanford C. Bernstein started coverage on First Data in a research report on Tuesday, March 27th. They issued an “outperform” rating and a $20.00 target price for the company. Mizuho reaffirmed a “buy” rating and issued a $19.00 target price on shares of First Data in a research report on Monday, April 23rd. KeyCorp lifted their target price on First Data from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, May 1st. Finally, Robert W. Baird lifted their target price on First Data from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday, May 1st. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $22.25.

About First Data

First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. It operates through three segments: Global Business Solutions (GBS), Global Financial Solutions (GFS), and Network & Security Solutions (NSS). The GBS segment offers retail point-of-sale merchant acquiring and e-commerce services; and mobile payment services, as well as its cloud-based Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications.

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

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