First Data Corp (NYSE:FDC) Shares Sold by Metropolitan Life Insurance Co NY

Metropolitan Life Insurance Co NY reduced its stake in shares of First Data Corp (NYSE:FDC) by 2.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,026 shares of the business services provider’s stock after selling 858 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in First Data were worth $1,077,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Investors Research Corp purchased a new stake in First Data in the 1st quarter worth approximately $39,000. Signaturefd LLC boosted its position in First Data by 116.6% in the 1st quarter. Signaturefd LLC now owns 3,716 shares of the business services provider’s stock worth $98,000 after purchasing an additional 2,000 shares in the last quarter. Bremer Bank National Association purchased a new stake in First Data in the 1st quarter worth approximately $98,000. Macquarie Group Ltd. purchased a new stake in First Data in the 4th quarter worth approximately $114,000. Finally, Ffcm LLC boosted its position in First Data by 303.1% in the 4th quarter. Ffcm LLC now owns 7,626 shares of the business services provider’s stock worth $129,000 after purchasing an additional 5,734 shares in the last quarter. 53.46% of the stock is owned by hedge funds and other institutional investors.

FDC stock traded up $1.26 during mid-day trading on Thursday, reaching $29.19. The company had a trading volume of 22,246,790 shares, compared to its average volume of 10,691,180. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $26.76 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 1.67 and a beta of 1.92. The company has a fifty day moving average of $27.06. First Data Corp has a fifty-two week low of $15.52 and a fifty-two week high of $29.23.

First Data (NYSE:FDC) last posted its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. First Data had a return on equity of 18.04% and a net margin of 11.26%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the company earned $0.29 EPS. First Data’s revenue for the quarter was up 1.8% compared to the same quarter last year. Sell-side analysts predict that First Data Corp will post 1.39 EPS for the current year.

Several brokerages have recently weighed in on FDC. BMO Capital Markets raised TMAC Resources from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 2nd. Zacks Investment Research downgraded CGI from a “buy” rating to a “hold” rating in a research note on Wednesday, June 19th. Nineteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.99.

In other First Data news, insider Michael K. Neborak sold 111,707 shares of First Data stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $26.66, for a total value of $2,978,108.62. Following the transaction, the insider now directly owns 434,723 shares in the company, valued at approximately $11,589,715.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael K. Neborak sold 6,000 shares of First Data stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $25.76, for a total value of $154,560.00. Following the completion of the transaction, the insider now owns 351,087 shares in the company, valued at $9,044,001.12. The disclosure for this sale can be found here. Insiders own 4.87% of the company’s stock.

About First Data

First Data Corporation provides commerce enabled technology and solutions for merchants, financial institutions, and card issuers in the United States, Canada, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company operates through three segments: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions.

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

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