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Levin Capital Strategies, Inc., First Holdings Corp. (NYSE: FDC) by 12.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,296 shares of the business services provider's stock after selling 7,589 shares during the period. Levin Capital Strategies Inc.'s holdings in First Data were worth $ 1,353,000 as the most recent SEC filing.
A number of other hedge funds have also modified their holdings of FDC. Dimensional Fund Advisors LP boosted its position in First Data by 15.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 966,143 shares of the business services provider's stock value at $ 15,458,000 after buying an additional 127,546 shares during the period. Principal Financial Group Inc. boosted its position in First Data by 14.4% in the 1st quarter. Principal Financial Group Inc. now owns 69,606 shares of the business services provider's stock value at $ 1,114,000 after buying an additional 8,762 shares during the period. UBS Group AG boosted its position in First Data by 791.6% in the 1st quarter. UBS Group AG now owns 200,695 shares of the business services provider's stock value at $ 3,212,000 after buying an additional 178,185 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in First Data by 200.7% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 29,079 shares of the business services provider is valued at $ 465,000 after buying an additional 19,407 shares during the period. Finally, Legal & General Group Plc boosted its position in First Data by 10.7% in the 1st quarter. Legal & General Group Plc now owns 638,298 shares of the business services provider's stock value at $ 10,213,000 after buying an additional 61,439 shares during the period. 51.45% of the stock is owned by institutional investors.
In related news, Barry C. Mccarthy insider sold 151,203 shares of First Data in a transaction on Friday, September 14th. The shares were sold at an average price of $ 25.78, for a total transaction of $ 3,898,013.34. Following the sale, the insider now directly owns 484,774 shares in the company, valued at approximately $ 12,497,473.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeff Shanahan sold 115,229 shares of First Data in a transaction on Thursday, August 16th. The stock was sold at an average price of $ 23.94, for a total transaction of $ 2,758,582.26. Following the sale, the insider now owns 256,100 shares in the company, valued at $ 6,131,034. The disclosure for this sale can be found here. Insiders have sold a total of 416,432 shares of company stock worth $ 10,415,596 over the last quarter. 5.60% of the stock is owned by company insiders.
Shares of NYSE: FDC opened at $ 18.01 on Tuesday. First Data Corp. has 12 months of $ 14.73 and a 12 month high of $ 26.62. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.77. The firm has a market cap of $ 20.17 billion, a P / E ratio of 16.36, a P / E / G ratio of 1.63 and a beta of 1.56.
First Data (NYSE: FDC) last announced its quarterly earnings on Monday, October 29th. The business services provider reported $ 0.35 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $ 0.37 by ($ 0.02). Had a return on equity of 21.88% and a net margin of 15.39%. The company had revenue of $ 2.16 billion, compared to $ 2.22 billion. During the year, the business earned $ 0.40 per share. First Data's revenue was up 4.4% compared to the same quarter last year. Equities badysts expect that First Data Corp. will post 1.24 EPS for the current fiscal year.
Several equities badysts have commented on FDC shares. Goldman Sachs Group, Inc. (Reuters) $ 30.00 and a share of the company's share price. They noted that the move was a valuation call. Zacks Investment Research Upgraded Shares of First Data from a "hold" rating to a "buy" rating and set at $ 27.00 price. Atlantic Securities upgraded shares of a new report from a "neutral" rating to an "overweight" rating in a report on Friday, August 17th. $ 25.00 to $ 30.00 and gave the company an "outperform" rating in a report on Thursday, September 6th. Finally, Morgan Stanley raises their price to $ 22.60 in the ratio of $ 20.00 to $ 22.00 and gives the company a $ 22.60 rating on a report on Thursday, July 19th. Five investment badysts have rated the stock with a hold rating and have issued a rating to the company's stock. The presently has a consensus rating of "Buy" and a consensus price target of $ 27.32.
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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