The First Data Corp. (FDC) Shares Bought by Two Sigma Advisers LP

The First Data Corp. (FDC) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP raised its stake in First Data Corp. (NYSE:FDC) by 6.1% during the third quarter, Holdings Channel reports. The fund owned 1,641,172 shares of the company’s stock after buying an additional 93,972 shares during the period. Two Sigma Advisers LP owned about 0.18% of First Data Corp. worth $21,598,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Public Employees Retirement Association of Colorado increased its position in shares of First Data Corp. by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 10,086 shares of the company’s stock valued at $133,000 after buying an additional 42 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of First Data Corp. by 5.9% in the third quarter. PNC Financial Services Group Inc. now owns 16,546 shares of the company’s stock valued at $218,000 after buying an additional 918 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of First Data Corp. by 21.1% in the third quarter. Victory Capital Management Inc. now owns 11,506 shares of the company’s stock valued at $151,000 after buying an additional 2,002 shares during the last quarter. Aperio Group LLC increased its position in shares of First Data Corp. by 21.0% in the third quarter. Aperio Group LLC now owns 17,983 shares of the company’s stock valued at $237,000 after buying an additional 3,124 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of First Data Corp. by 23.3% in the second quarter. Pacer Advisors Inc. now owns 16,900 shares of the company’s stock valued at $187,000 after buying an additional 3,196 shares during the last quarter. 37.23% of the stock is owned by hedge funds and other institutional investors.

First Data Corp. (NYSE:FDC) opened at 15.41 on Thursday. The company’s market capitalization is $14.04 billion. First Data Corp. has a 52 week low of $8.37 and a 52 week high of $15.92. The firm’s 50-day moving average price is $14.74 and its 200 day moving average price is $13.70.

First Data Corp. (NYSE:FDC) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.34 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.34. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.83 billion. First Data Corp. had a positive return on equity of 17.41% and a negative net margin of 8.52%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. Equities research analysts expect that First Data Corp. will post $1.29 earnings per share for the current fiscal year.

Several research firms have recently issued reports on FDC. KeyCorp began coverage on First Data Corp. in a research note on Friday, December 16th. They issued an “overweight” rating and a $17.00 price objective for the company. Zacks Investment Research downgraded First Data Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 11th. BMO Capital Markets began coverage on First Data Corp. in a research note on Thursday, January 5th. They issued a “market perform” rating and a $17.00 price objective for the company. Deutsche Bank AG reaffirmed a “buy” rating on shares of First Data Corp. in a research note on Monday, November 14th. Finally, Guggenheim began coverage on First Data Corp. in a research note on Monday, December 19th. They issued a “buy” rating and a $17.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $15.75.

About First Data Corp.

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