Shares of VeriFone Systems Inc (NYSE:PAY) have been given an average recommendation of “Buy” by the twenty-two research firms that are covering the company, AnalystRatings.NET reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $37.69.
VeriFone Systems (NYSE:PAY) traded down 1.57% during trading on Monday, reaching $27.58. The company had a trading volume of 191,005 shares. VeriFone Systems has a 12-month low of $24.52 and a 12-month high of $39.25. The firm has a market capitalization of $3.08 billion and a PE ratio of 40.56. The firm’s 50 day moving average price is $27.94 and its 200 day moving average price is $30.51.
VeriFone Systems (NYSE:PAY) last announced its quarterly earnings data on Monday, December 14th. The company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The company earned $514.10 million during the quarter, compared to analyst estimates of $513.65 million. During the same period in the prior year, the firm earned $0.44 earnings per share. VeriFone Systems’s revenue was up 4.8% on a year-over-year basis. Analysts anticipate that VeriFone Systems will post $2.17 earnings per share for the current year.
Several equities analysts have weighed in on the company. Piper Jaffray reaffirmed a “buy” rating and issued a $38.00 price objective on shares of VeriFone Systems in a report on Tuesday, December 15th. Zacks Investment Research cut VeriFone Systems from a “buy” rating to a “hold” rating in a report on Thursday, September 10th. Argus raised VeriFone Systems from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Wednesday, September 30th. Stifel Nicolaus lowered their price target on VeriFone Systems from $42.00 to $40.00 and set a “buy” rating for the company in a report on Friday, December 11th. Finally, Imperial Capital reissued a “buy” rating on shares of VeriFone Systems in a report on Thursday, December 17th.
In other VeriFone Systems news, EVP Alok Bhanot sold 994 shares of the stock in a transaction on Tuesday, December 29th. The stock was sold at an average price of $28.74, for a total transaction of $28,567.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
VeriFone Systems, Inc. (NYSE:PAY), formerly VeriFone Holdings, Inc. is a holding company of VeriFone, Inc. The Company is engaged in the secure electronic payment solutions. Its system solutions consist of point of sale (POS) electronic payment devices that run its and third-party operating systems, security and encryption software, and certified payment software, as well as other third-party value-added applications. Its system solutions process a range of payment types. The Company’s electronic payment systems are available in several modular configurations, offering its support to a range of connectivity options. The Company also offers customers technical support for installed payment systems, consulting services, and project management services for system deployment, and customization of integrated software solutions. It provides solutions, and services for the financial services, retail, petroleum, restaurant, hospitality, taxi, transportation, and healthcare markets.