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Why These Five Stocks Are in Spotlight Today?

Roper Technologies Reports Decline in Profits 

Roper Technologies Inc (NYSE:ROP) reported a revenue of $902.4 million for the first quarter, which represents an increase of 4.3% year-over-year and beats the consensus estimate of $895.9 million. Moreover,  the company’s adjusted net income of $1.50 per share topped the estimates of $1.46. The company expects EPS between $1.56 to $1.61 in the second quarter, which is significantly below the consensus estimate of $1.71.

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A total of 19 funds among those tracked by us held stakes in Roper Technologies Inc (NYSE:ROP) heading into 2016, including Dan Loeb’s Third Point, which owned 1.4 million shares, according to its last 13F filing.

First Data Corp Halves Its Losses 

First Data Corp (NYSE:FDC)’s stock has gained more than 5% today after the company posted adjusted earnings per share of $0.24 for the first quarter, beating the estimates by $0.01 per share. First Data narrowed its loss to $56 million from $112 million a year earlier. The payment solutions company, which went public last year, reported a consolidated revenue of $2.78 billion, up from $2.70 billion a year ago, beating the consensus estimate of $2.77 billion. Frank Bisignano, the CEO of the company, said in a statement that the company managed its expenses and focused on revenue growth to achieve results. Bisignanom, who left JPMorgan Chase & Co. in 2013, has been paid a massive salary package and he has been under pressure to drag the struggling company out of problems.

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Overall, 20 hedge funds from our database held stakes in First Data Corp (NYSE:FDC) with a total value of approximately $593.3 million.

KKR & Co. L.P. (NYSE:KKR)’s Revenue Declines 

Shares of KKR & Co. L.P. (NYSE:KKR) have lost more than 4% after the company missed the bottom line estimates for the first quarter. Even though KKR’s revenue of $279.90 million, managed to beat analysts’ estimates of $276.9 million, its net loss of $0.65 per share, was higher than the expected loss of $0.33. In a statement, the company said that the first quarter was challenging due to increasing market volatility around the world. In addition, a significant portion of the losses came on the back of a 19% drop registered by its stake in First Data Corp, which represents its largest investment.

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A total of 23 funds held long positions in KKR & Co. L.P. (NYSE:KKR) with a total value of approximately $357.9 million at the end of the last year. John W. Rogers’ Ariel Investments reported ownership of more than 8.2 million shares in its last 13F filing.

Disclosure: None

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