Bayesian Capital Management LP Takes Position in First Data Corporation (FDC)

Bayesian Capital Management LP acquired a new stake in shares of First Data Corporation (NYSE:FDC) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor acquired 87,800 shares of the company’s stock, valued at approximately $1,246,000.

A number of other hedge funds have also recently modified their holdings of FDC. Public Employees Retirement Association of Colorado increased its stake in shares of First Data Corporation 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 in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of First Data Corporation 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 in the last quarter. Victory Capital Management Inc. increased its stake in shares of First Data Corporation 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 in the last quarter. Moors & Cabot Inc. increased its stake in shares of First Data Corporation by 29.8% in the third quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock valued at $178,000 after buying an additional 3,100 shares in the last quarter. Finally, Aperio Group LLC increased its stake in shares of First Data Corporation 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 in the last quarter. Hedge funds and other institutional investors own 36.54% of the company’s stock.

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

First Data Corporation (NYSE:FDC) traded up 0.68% during mid-day trading on Tuesday, reaching $16.25. 4,803,752 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $15.38 and a 200 day moving average price of $14.24. The company’s market cap is $14.80 billion. First Data Corporation has a 52-week low of $9.90 and a 52-week high of $16.63.

First Data Corporation (NYSE:FDC) last announced its quarterly earnings results on Monday, February 13th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The company earned $1.80 billion during the quarter, compared to analysts’ expectations of $1.85 billion. First Data Corporation had a positive return on equity of 17.41% and a negative net margin of 8.52%. First Data Corporation’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 EPS. Equities analysts predict that First Data Corporation will post $1.51 earnings per share for the current fiscal year.

“Bayesian Capital Management LP Takes Position in First Data Corporation (FDC)” was originally posted by sleekmoney and is the sole property of of sleekmoney. If you are reading this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be read at http://sleekmoney.com/bayesian-capital-management-lp-takes-position-in-first-data-corporation-fdc/1661219.html.

Several equities analysts have commented on the stock. Barclays PLC raised their target price on shares of First Data Corporation to $19.00 in a research note on Tuesday. Stifel Nicolaus raised their target price on shares of First Data Corporation to $17.00 in a research note on Tuesday. Mizuho raised their target price on shares of First Data Corporation from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday. Pacific Crest assumed coverage on shares of First Data Corporation in a research note on Thursday, December 15th. They set an “overweight” rating and a $17.00 target price on the stock. Finally, Zacks Investment Research raised shares of First Data Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, October 19th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. First Data Corporation currently has an average rating of “Buy” and an average target price of $16.12.

First Data Corporation Company Profile

5 Day Chart for NYSE:FDC

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 Corporation (NYSE:FDC).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/bayesian-capital-management-lp-takes-position-in-first-data-corporation-fdc/1661219.html

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

 

Leave a Reply

Your email address will not be published. Required fields are marked *