Leon G Cooperman revealed that they own 9.4% of First Data Corp (NYSE:FDC) in a Schedule 13G disclosure that was filed with the Securities and Exchange Commission (SEC) on Wednesday, January 27th. The investor owns 18,580,318 shares of the stock valued at about $247,304,033. The filing is available through Edgar at this hyperlink.

Several other institutional investors also recently bought and sold shares of the stock. Simplex Trading bought a new position in First Data Corp during the fourth quarter valued at approximately $0. Beacon Capital Management bought a new position in First Data Corp during the fourth quarter valued at approximately $0. J. M. Hartwell Limited Partnership bought a new position in First Data Corp during the fourth quarter valued at approximately $748,000. Curian Capital LLC bought a new position in First Data Corp during the fourth quarter valued at approximately $1,713,000. Finally, Stone Point Capital LLC bought a new position in First Data Corp during the fourth quarter valued at approximately $316,760,000.

Shares of First Data Corp (NYSE:FDC) traded down 5.00% on Wednesday, hitting $13.31. 2,533,187 shares of the stock were exchanged. First Data Corp has a one year low of $13.01 and a one year high of $14.11. The company has a 50-day moving average price of $0.00 and a 200-day moving average price of $0.00. The firm’s market capitalization is $11.97 billion.

FDC has been the topic of several research analyst reports. BTIG Research assumed coverage on shares of First Data Corp in a report on Tuesday, November 17th. They set a “neutral” rating on the stock. Susquehanna assumed coverage on shares of First Data Corp in a research note on Tuesday, October 20th. They issued a “positive” rating and a $19.00 price objective for the company. Robert W. Baird assumed coverage on shares of First Data Corp in a research note on Friday, November 13th. They issued a “neutral” rating and a $20.00 price objective for the company. Credit Suisse assumed coverage on shares of First Data Corp in a research note on Thursday, December 10th. They issued a “neutral” rating and a $20.00 price objective for the company. Finally, Topeka Capital Markets assumed coverage on shares of First Data Corp in a research note on Friday, November 13th. They issued a “hold” rating and a $18.00 price objective for the company. Five research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $19.63.

First Data Corporation is a United States-based company, which provides electronic commerce and payment solutions for merchants, financial institutions and card issuers. The Company provides services, including merchant transaction processing and acquiring; credit, retail, and debit card issuing and processing; prepaid services, and check verification, settlement and guarantee services. It operates through three segments: Merchant Solutions, which includes merchant acquiring and processing services, prepaid services and check verification, settlement, and guarantee services; Financial Services, which consists of credit and retail card processing services; debit network and processing services; output services, and other services including remittance processing, and International, which consists of credit, retail, debit, and prepaid card processing; merchant acquiring and processing, and automated teller machine and point of sale (NYSE:FDC) processing, acquiring, and switching services.

12 Month Chart for NYSE:FDC

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