66 hedge funds buy First Data Corporation (FDC) for the first time

First Data Corporation (NYSE:FDC) has made a 31.75% comeback from a 12-month low price of $14.73. It was seen -1.47% lower, changing the price to $19.41, when the closing bell rang on 05/11/2018. At recent session, the prices were hovering between $19.33 and $19.72. This company shares are 8.45% off its target price of $21.05 and the current market capitalization stands at $17.11B. The recent change has given its price a 19.6% lead over SMA 50 and -2.22% deficit over its 52-week high. The stock witnessed 25.71% gains, 22.62% gains and 15.26% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found FDC’s volatility during a week at 2.03% and during a month it has been found around 2.71%.

First Data Corporation (FDC) Top Holders

Institutional investors currently hold around $9.27 billion or 98.2% in FDC stock. Look at its top three institutional owners. Vanguard Group Inc owns $798.81 million in First Data Corporation, which represents roughly 4.67% of the company’s market cap and approximately 8.62% 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 $653.05 million. The third largest holder is Blackrock Inc., which currently holds $551.57 million worth of this stock and that ownership represents nearly 3.22% of its market capitalization.

First Data Corporation 13F Filings

At the end of 12/31/2017 reporting period, 218 institutional holders increased their position in First Data Corporation (NYSE:FDC) by some 74,477,204 shares, 183 decreased positions by 75,459,211 and 36 held positions by 320,376,494. That puts total institutional holdings at 470,312,909 shares, according to SEC filings. The stock grabbed 66 new institutional investments totaling 17,310,034 shares while 70 institutional investors sold out their entire positions totaling 24,902,616 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 Gelb Andrew has sold 10,000 shares of First Data Corporation (FDC) in trading session dated May. 04, 2018. These shares are worth $184,000 and were traded at $18.4 each. The SEC filing shows that Marino Anthony S performed a sale of 7,000 shares. The disposed these shares by way of transaction on May. 02, 2018. The company’s shares were given away at $18.1 per share worth to an income of some $126,700 on account of Marino Anthony S.

Director, Nevels James E, purchased 100 common shares of First Data Corporation (FDC) in the open market. In a transaction dated Apr. 16, 2018, the shares were bought at an average price of $15.2, giving away a sum of $1,520. After this purchase, 20,907 common shares of FDC are directly owned by the insider, with total stake valued at $405,805.

In the transaction dated Mar. 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 $16.53, amounting to approximately $1,653. The insider now directly owns 20,807 shares worth $403,864.

First Data Corporation (FDC) Analyst Guide

Several analysts have released their opinion on First Data Corporation (NYSE:FDC), with 19 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 1.27 average brokerage recommendation.