First Data Corp. (NYSE:FDC) saw strong trading volume on Wednesday . 5,252,010 shares were traded during trading, an increase of 47% from the previous session’s volume of 3,580,834 shares.The stock last traded at $13.18 and had previously closed at $13.46.

Several analysts have recently commented on the company. BTIG Research reiterated a “hold” rating on shares of First Data Corp. in a report on Monday, July 18th. Zacks Investment Research upgraded First Data Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 6th. Wedbush restated a “buy” rating on shares of First Data Corp. in a research note on Tuesday, August 2nd. Keefe, Bruyette & Woods began coverage on First Data Corp. in a research note on Tuesday, June 7th. They issued an “outperform” rating and a $15.00 target price for the company. Finally, Jefferies Group began coverage on First Data Corp. in a research note on Wednesday, August 31st. They issued a “buy” rating and a $16.50 target price for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-one have given a buy rating to the stock. First Data Corp. has a consensus rating of “Buy” and an average price target of $16.76.

The firm has a 50-day moving average price of $13.50 and a 200-day moving average price of $12.44. The firm’s market cap is $12.10 billion.

First Data Corp. (NYSE:FDC) last announced its earnings results on Monday, August 1st. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The business earned $1.98 billion during the quarter, compared to analysts’ expectations of $1.81 billion. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities research analysts predict that First Data Corp. will post $1.32 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of First Data Corp. by 56.3% in the second quarter. Vanguard Group Inc. now owns 26,294,487 shares of the company’s stock worth $291,080,000 after buying an additional 9,472,512 shares during the last quarter. FMR LLC boosted its stake in shares of First Data Corp. by 45.5% in the second quarter. FMR LLC now owns 26,185,618 shares of the company’s stock worth $289,875,000 after buying an additional 8,188,739 shares during the last quarter. Stone Point Capital LLC boosted its stake in shares of First Data Corp. by 6.8% in the second quarter. Stone Point Capital LLC now owns 21,109,145 shares of the company’s stock worth $233,678,000 after buying an additional 1,336,360 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of First Data Corp. by 189.6% in the second quarter. Capital Research Global Investors now owns 17,736,768 shares of the company’s stock worth $196,346,000 after buying an additional 11,613,227 shares during the last quarter. Finally, Omega Advisors Inc. boosted its stake in shares of First Data Corp. by 0.8% in the second quarter. Omega Advisors Inc. now owns 15,653,263 shares of the company’s stock worth $173,282,000 after buying an additional 121,800 shares during the last quarter. 33.66% of the stock is owned by institutional investors and hedge funds.

About First Data Corp.

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