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Principale » Verifone Inc (NYSE:PAY) Institutional Investor Sentiment Is 0.86

Verifone Inc (NYSE:PAY) Institutional Investor Sentiment Is 0.86

15 Juillet 2017

On October 17 analysts at Craig-Hallum began coverage of PAY with an initial rating of "Buy". The 6 months bearish chart indicates high risk for the $53.02 million company.

Another recent and important VeriFone Systems Inc (NYSE:PAY) news was published by which published an article titled: "Verifone (PAY) Down 2.6% Since Earnings Report: Can It Rebound?" on July 10, 2017. The business is scheduled to report its next quarterly earnings report on Thursday, September 7th. BTIG Research reiterated a "neutral" rating on shares of Verifone Systems in a research report on Monday, June 12th. According to the past 5 years report, the company on average reported -2.80% year-over-year EPS growth and sales growth was recorded at 1.50%. Zacks' EPS calculations are a mean average based on a survey of sell-side analysts that follow Verifone Systems. The business services provider reported $0.30 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $0.30. The business had revenue of $474 million for the quarter, compared to analyst estimates of $472.80 million. Verifone Systems had a positive return on equity of 11.55% and a negative net margin of 7.53%. The company's quarterly revenue was down 9.9% compared to the same quarter a year ago. During the same quarter in the previous year, the business earned $0.47 earnings per share. Technical analysts have little regard for the value of a company. BMO Capital Markets decreased their price objective on shares of Verifone Systems from $21.00 to $20.00 and set a "market perform" rating on the stock in a research report on Friday, June 16th. Deutsche Bank AG reaffirmed a "hold" rating and set a $15.00 price target on shares of Verifone Systems in a research note on Monday, March 13th. BidaskClub upgraded shares of Verifone Systems from a "sell" rating to a "hold" rating in a research report on Saturday, July 1st. Compass Point downgraded VeriFone Systems Inc (NYSE:PAY) on Wednesday, June 8 to "Neutral" rating.

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On average, analysts forecast that Acacia Communications, Inc. will post $2.19 earnings per share for the current fiscal year. Dynamic Technology Lab Private Ltd boosted its stake in shares of Acacia Communications by 81.5% in the fourth quarter.

Stifel Nicolaus lowered the price target and downgraded the stock on December 2 changing the price objective from $40.00 to $15.00 and moving the rating from "Buy" to "Hold". The stock now has a consensus rating of "Hold" and an average price target of $18.73. The Pennsylvania-based Snow Capital Management Lp has invested 2.65% in the stock. TIAA CREF Investment Management LLC owned approximately 0.30% of Verifone Systems worth $6,349,000 at the end of the most recent reporting period. Bank of Montreal Can now owns 7,379 shares of the business services provider's stock valued at $138,000 after buying an additional 1,281 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its stake in Verifone Systems by 0.5% in the first quarter. Numeric Investors LLC acquired a new stake in shares of Verifone Systems during the fourth quarter worth about $229,000. Finally, Alliancebernstein L.P. boosted its position in Verifone Systems by 55.1% in the first quarter. Out of 26 Wall Street analysts rating Verifone Systems Inc., 10 give it "Buy", 0 "Sell" rating, while 16 recommend "Hold". The company's stock had a trading volume of 350,446 shares. The stock's market capitalization is 2.19B, it has a 52-week low of 14.94 and a 52-week high of 20.98. The stock's 50 day moving average is $17.91 and its 200-day moving average is $18.49. VeriFone Systems Inc (NYSE:PAY) has declined 31.93% since July 14, 2016 and is downtrending.

ILLEGAL ACTIVITY WARNING: This piece was reported by BNB Daily and is owned by of BNB Daily. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of USA and worldwide trademark and copyright laws. The Verifone Systems segment delivers point of sale electronic payment devices that run the operating systems, security and encryption software, and certified payment software for both payments and commerce.