Are Hedge Funds Betting Against First Data Corporation (FDC)?

First Data Corporation (NYSE:FDC) produced a 36.1% rally since recording the worst price of $14.73. Thanks to the latest 0.3% increase, it now trades at $20.05. Throughout the trading on 06/08/2018, the share price floated between $19.99 and $20.58. This company shares are 9.73% off its target price of $22 and the current market capitalization stands at $18.71B. The recent change has given its price a 14.25% lead over SMA 50 and -0.94% deficit over its 52-week high. The stock witnessed 2.82% gains, 28.36% gains and 23.38% 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 2.58% and during a month it has been found around 1.93%.

First Data Corporation (FDC) Top Holders

Institutional investors currently hold around $9.88 billion or 0% in FDC stock. Look at its top three institutional owners. Vanguard Group Inc owns $778.26 million in First Data Corporation, which represents roughly 4.16% of the company’s market cap and approximately 7.88% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 27,998,267 shares of the stock are valued at $561.37 million. The third largest holder is Fmr Llc, which currently holds $530.39 million worth of this stock and that ownership represents nearly 2.83% of its market capitalization.

First Data Corporation 13F Filings

At the end of 03/31/2018 reporting period, 207 institutional holders increased their position in First Data Corporation (NYSE:FDC) by some 98,518,953 shares, 184 decreased positions by 73,271,104 and 44 held positions by 320,712,049. That puts total institutional holdings at 492,502,106 shares, according to SEC filings. The stock grabbed 64 new institutional investments totaling 43,515,691 shares while 68 institutional investors sold out their entire positions totaling 20,625,109 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 Higgins Thomas Joseph has sold 20,785 shares of First Data Corporation (FDC) in trading session dated Jun. 05, 2018. These shares are worth $408,633 and were traded at $19.66 each. The SEC filing shows that Charron Daniel J performed a sale of 25,000 shares. The disposed these shares by way of transaction on May. 24, 2018. The company’s shares were given away at $19.5 per share worth to an income of some $487,500 on account of Charron Daniel J.

, Marino Anthony S, sold 3,627 common shares of First Data Corporation (FDC) in the open market. In a transaction dated May. 23, 2018, the shares were put up for sale at an average price of $19.49, raking in a sum of $70,690. After this sale, 270,200 common shares of FDC are directly owned by the insider, with total stake valued at $5,417,510.

In the transaction dated May. 17, 2018, the great number of shares disposed came courtesy the President; Chiarello Guy disposed a total of 100,000 shares at an average price of $19.42, amounting to approximately $1,942,000. The insider now directly owns 1,406,923 shares worth $28,208,806.

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.

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