First Data Corp. (NYSE:FDC) shares fell 3.5% during mid-day trading on Wednesday . The company traded as low as $11.98 and last traded at $11.99, with a volume of 1,068,277 shares changing hands. The stock had previously closed at $12.43.

A number of brokerages have issued reports on FDC. Credit Suisse Group AG reissued a “buy” rating and set a $15.00 price objective on shares of First Data Corp. in a research report on Tuesday, April 26th. Sanford C. Bernstein boosted their price objective on shares of First Data Corp. from $13.00 to $15.00 and gave the company a “market perform” rating in a research report on Tuesday, April 26th. Mizuho boosted their price objective on shares of First Data Corp. from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, April 26th. Robert W. Baird reissued a “hold” rating on shares of First Data Corp. in a research report on Tuesday, April 26th. Finally, Stifel Nicolaus downgraded shares of First Data Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 26th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $16.48.

The firm’s market cap is $11.07 billion. The firm has a 50-day moving average of $11.66 and a 200 day moving average of $12.22.

First Data Corp. (NYSE:FDC) last released its quarterly earnings data on Monday, April 25th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.02. The firm earned $2.80 billion during the quarter, compared to the consensus estimate of $1.71 billion. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities analysts expect that First Data Corp. will post $1.31 earnings per share for the current fiscal year.

In related news, Director Joseph J. Plumeri bought 250,000 shares of the business’s stock in a transaction on Wednesday, May 25th. The shares were bought at an average price of $12.30 per share, for a total transaction of $3,075,000.00. Following the completion of the purchase, the director now directly owns 478,664 shares of the company’s stock, valued at $5,887,567.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Scott C. Nuttall bought 100,000 shares of the business’s stock in a transaction on Wednesday, May 18th. The stock was bought at an average price of $10.62 per share, for a total transaction of $1,062,000.00. Following the purchase, the director now directly owns 75,000 shares of the company’s stock, valued at $796,500. The disclosure for this purchase can be found here.

A number of institutional investors recently bought and sold shares of FDC. Egerton Capital UK LLP bought a new position in First Data Corp. during the fourth quarter valued at about $135,018,000. Thornburg Investment Management Inc. bought a new position in First Data Corp. during the fourth quarter valued at about $36,193,000. OppenheimerFunds Inc. bought a new position in First Data Corp. during the fourth quarter valued at about $25,809,000. Morgan Stanley bought a new position in First Data Corp. during the fourth quarter valued at about $22,552,000. Finally, BlackRock Advisors LLC bought a new position in First Data Corp. during the fourth quarter valued at about $17,457,000.

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