Hedge Funds Now Own 95.8% Of First Data Corporation (FDC)

First Data Corporation (NYSE:FDC) has made a 1.68% comeback from a 12-month low price of $14.89. It was seen 0.13% higher, changing the price to $15.14, when the closing bell rang on 04/23/2018. At recent session, the prices were hovering between $15 and $15.25. This company shares are 39.96% off its target price of $21.19 and the current market capitalization stands at $14.35B. The recent change has given its price a -3.83% deficit over SMA 50 and -21.27% deficit over its 52-week high. The stock witnessed -8.13% declines, -16.9% declines and -17.94% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found FDC’s volatility during a week at 1.92% and during a month it has been found around 2.83%.

First Data Corporation (FDC) Top Holders

Institutional investors currently hold around $7.01 billion or 95.8% in FDC stock. Look at its top three institutional owners. Vanguard Group Inc owns $613.1 million in First Data Corporation, which represents roughly 4.27% of the company’s market cap and approximately 8.75% of the institutional ownership. Similar statistics are true for the second largest owner, Fmr Llc, which owns 33,149,770 shares of the stock are valued at $501.23 million. The third largest holder is Glenview Capital Management, Llc, which currently holds $415.39 million worth of this stock and that ownership represents nearly 2.89% of its market capitalization.

First Data Corporation 13F Filings

At the end of 12/31/2017 reporting period, 228 institutional holders increased their position in First Data Corporation (NYSE:FDC) by some 65,554,551 shares, 162 decreased positions by 66,778,971 and 39 held positions by 331,117,868. That puts total institutional holdings at 463,451,390 shares, according to SEC filings. The stock grabbed 75 new institutional investments totaling 12,636,365 shares while 56 institutional investors sold out their entire positions totaling 12,703,462 shares.

First Data Corporation (NYSE:FDC) Insider Trades

Multiple company employees have indulged in significant insider trading. First Data Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Nevels James E has acquired 100 shares of First Data Corporation (FDC) in trading session dated Apr. 16, 2018. These shares are worth $1,520 and were traded at $15.2 each. The SEC filing shows that Nevels James E performed a purchase of 100 shares. The Director added these shares by way of transaction on Mar. 16, 2018. The company’s shares were assimilated at $16.53 per share worth to an investment of some $1,653 on account of Nevels James E.

Director, Nevels James E, purchased 100 common shares of First Data Corporation (FDC) in the open market. In a transaction dated Feb. 16, 2018, the shares were bought at an average price of $15.72, giving away a sum of $1,572. After this purchase, 20,707 common shares of FDC are directly owned by the insider, with total stake valued at $313,504.

In the transaction dated Jan. 16, 2018, the great number of shares acquired came courtesy the Director; Nevels James E added a total of 100 shares at an average price of $17.71, amounting to approximately $1,771. The insider now directly owns 20,607 shares worth $311,990.

First Data Corporation (FDC) Analyst Guide

Several analysts have released their opinion on First Data Corporation (NYSE:FDC), with 18 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.29 average brokerage recommendation.

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