VeriFone Systems Inc (NYSE:PAY) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 3,627 call options on the company. This is an increase of approximately 1,224% compared to the average daily volume of 274 call options.
PAY has been the subject of a number of analyst reports. Zacks Investment Research raised VeriFone Systems from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, March 27th. TheStreet raised VeriFone Systems from a “d+” rating to a “c-” rating in a research note on Monday, April 16th. Standpoint Research lowered VeriFone Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, April 10th. Craig Hallum lowered VeriFone Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, April 10th. Finally, SunTrust Banks lowered VeriFone Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, April 10th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $20.92.
VeriFone Systems traded down $0.04, reaching $22.80, during trading on Friday, according to MarketBeat.com. The stock had a trading volume of 1,635,607 shares, compared to its average volume of 2,174,491. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.93. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 1.25 and a beta of 1.66. VeriFone Systems has a one year low of $14.90 and a one year high of $23.14.
VeriFone Systems (NYSE:PAY) last posted its quarterly earnings data on Thursday, March 8th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). VeriFone Systems had a positive return on equity of 14.11% and a negative net margin of 8.09%. The firm had revenue of $425.00 million during the quarter, compared to the consensus estimate of $419.43 million. During the same quarter last year, the company posted $0.21 EPS. VeriFone Systems’s revenue for the quarter was up .0% compared to the same quarter last year. analysts predict that VeriFone Systems will post 1.22 EPS for the current year.
Large investors have recently modified their holdings of the company. Capital Fund Management S.A. bought a new position in shares of VeriFone Systems during the fourth quarter valued at $472,000. Deutsche Bank AG increased its holdings in shares of VeriFone Systems by 75.1% during the fourth quarter. Deutsche Bank AG now owns 1,020,292 shares of the business services provider’s stock valued at $18,064,000 after acquiring an additional 437,740 shares in the last quarter. Shell Asset Management Co. bought a new position in shares of VeriFone Systems during the fourth quarter valued at $8,370,000. New Mexico Educational Retirement Board bought a new position in shares of VeriFone Systems during the fourth quarter valued at $491,000. Finally, Horrell Capital Management Inc. increased its holdings in shares of VeriFone Systems by 114.3% during the fourth quarter. Horrell Capital Management Inc. now owns 225,000 shares of the business services provider’s stock valued at $3,985,000 after acquiring an additional 120,000 shares in the last quarter.
About VeriFone Systems
VeriFone Systems, Inc provides payments and commerce solutions at the point of sale (POS) worldwide. It offers countertop solutions that accept payment options, including contactless, NFC, mobile wallets, and EMV; PIN pads that support credit and debit card, EBT, EMV, and other PIN-based transactions; and multilane consumer facing commerce devices.
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