First Data Corp (FDC) Files Form 4 Insider Buying : Joseph J Plumeri Buys 250,000 Shares

First Data Corp (FDC): Joseph J Plumeri , director of First Data Corp purchased 250,000 shares on May 26, 2016. The Insider buying transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were purchased at $12.44 per share for a total value of $3,110,100.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 26, 2016, Joseph J Plumeri (director) purchased 250,000 shares at $12.30 per share price.On May 19, 2016, Scott C Nuttall (director) purchased 100,000 shares at $10.61 per share price.Also, On Feb 18, 2016, Michael K Neborak (officer ) purchased 6,200 shares at $10.62 per share price.On Nov 13, 2015, James E Nevels (director) purchased 250 shares at $16.00 per share price.

Company has been under the radar of several Street Analysts.First Data Corp is Reiterated by Mizuho to Buy and the brokerage firm has raised the Price Target to $ 17 from a previous price target of $16 .The Rating was issued on Apr 26, 2016.First Data Corp is Downgraded by Stifel to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 26, 2016.First Data Corp is Initiated by Nomura to Neutral and the brokerage firm has set the Price Target at $14. The Rating was issued on Apr 20, 2016.First Data Corp is Initiated by Compass Point to Neutral and the brokerage firm has set the Price Target at $12. The Rating was issued on Apr 15, 2016.

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 (POS) processing acquiring and switching services.

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