Criterion Capital Management LLC Raises Position in First Data Corp (FDC)

Share on StockTwits

Criterion Capital Management LLC boosted its stake in shares of First Data Corp (NYSE:FDC) by 23.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,343,100 shares of the business services provider’s stock after purchasing an additional 821,950 shares during the period. First Data comprises 6.8% of Criterion Capital Management LLC’s portfolio, making the stock its 2nd largest holding. Criterion Capital Management LLC’s holdings in First Data were worth $90,901,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its holdings in First Data by 23.8% during the first quarter. BlackRock Inc. now owns 27,998,267 shares of the business services provider’s stock valued at $447,973,000 after buying an additional 5,380,509 shares during the last quarter. Atria Investments LLC purchased a new stake in First Data during the second quarter valued at approximately $455,000. GSA Capital Partners LLP increased its holdings in First Data by 139.6% during the second quarter. GSA Capital Partners LLP now owns 68,904 shares of the business services provider’s stock valued at $1,442,000 after buying an additional 40,148 shares during the last quarter. Principal Financial Group Inc. increased its holdings in First Data by 14.4% during the first quarter. Principal Financial Group Inc. now owns 69,606 shares of the business services provider’s stock valued at $1,114,000 after buying an additional 8,762 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in First Data by 23.4% during the first quarter. Royal Bank of Canada now owns 346,346 shares of the business services provider’s stock valued at $5,541,000 after buying an additional 65,662 shares during the last quarter. Institutional investors own 51.30% of the company’s stock.

FDC has been the subject of a number of research reports. SunTrust Banks upped their target price on shares of First Data to $26.00 and gave the company a “buy” rating in a report on Friday, June 15th. Zacks Investment Research cut shares of First Data from a “buy” rating to a “hold” rating in a report on Monday, July 23rd. Credit Suisse Group upped their target price on shares of First Data from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, June 13th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $27.00 target price on shares of First Data in a report on Monday, July 30th. Finally, Wedbush upped their target price on shares of First Data from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. First Data presently has an average rating of “Buy” and an average price target of $25.69.

In related news, insider Jeff Shanahan sold 115,229 shares of the firm’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $23.94, for a total transaction of $2,758,582.26. Following the completion of the transaction, the insider now directly owns 256,100 shares of the company’s stock, valued at $6,131,034. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Guy Chiarello sold 150,000 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $25.06, for a total transaction of $3,759,000.00. Following the transaction, the president now directly owns 1,408,272 shares of the company’s stock, valued at $35,291,296.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 300 shares of company stock valued at $6,780 and have sold 282,729 shares valued at $6,898,557. Company insiders own 5.60% of the company’s stock.

Shares of NYSE FDC opened at $25.38 on Friday. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $24.16 billion, a PE ratio of 19.60, a PEG ratio of 1.94 and a beta of 1.54. First Data Corp has a 1 year low of $14.73 and a 1 year high of $26.00.

First Data (NYSE:FDC) last posted its earnings results on Monday, July 30th. The business services provider reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.20 billion. First Data had a net margin of 15.39% and a return on equity of 21.88%. First Data’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the company posted $0.40 earnings per share. research analysts predict that First Data Corp will post 1.25 earnings per share for the current fiscal year.

First Data Company Profile

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.

Recommended Story: Return on Investment (ROI)

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)

Receive News & Ratings for First Data Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Data and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply