Impact of Brokerage Rating on Verifone Systems, Inc.(PAY)

Many Verifone Systems, Inc.(PAY) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. VeriFone Systems Inc was Reiterated by Compass Point on Dec 13, 2016 to Neutral, Lowers Price Target to $ 16 from a previous price target of $17.50 .VeriFone Systems Inc was Downgraded by Stifel on Dec 2, 2016 to Hold, Lowers Price Target to $ 15 from a previous price target of $18 .

Company has reported several Insider transactions to the SEC, on Sep 30, 2016, Robert W Alspaugh (director) sold 8,250 shares at 15.81 per share price.On Sep 28, 2016, Eitan Raff (director) sold 4,125 shares at 16.13 per share price.On Dec 30, 2015, Alok Bhanot (EVP, Engineering & CTO) sold 994 shares at 28.74 per share price.

VeriFone Systems Inc Last issued its quarterly earnings results on Dec 12, 2016. The company reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.29. The company had revenue of $468.00 million for the quarter, compared to analysts expectations of $461.69 million. The companys revenue was down -9.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.49 EPS.

Verifone Systems, Inc. (NYSE:PAY) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.39 by 18 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 12 Brokerage Firms have advised hold.

Verifone Systems, Inc. (NYSE:PAY): 15 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $19.83 in Verifone Systems, Inc. (NYSE:PAY). However, the stock price could fluctuate by $ 3.34 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $26 price target with the lower price estimate is calculated at $15

Verifone Systems, Inc. (NYSE:PAY) witnessed a decline in the market cap on Tuesday as its shares dropped 0.05% or 0.01 points. After the session commenced at $19.21, the stock reached the higher end at $19.35 while it hit a low of $19.2. With the volume soaring to 1,169,890 shares, the last trade was called at $19.33. The company has a 52-week high of $29.73. The company has a market cap of $2,157 million and there are 111,576,880 shares in outstanding. The 52-week low of the share price is $14.94.

VeriFone Systems, Inc. offers secure electronic payment solutions. The company provides solutions and services to the financial, retail, hospitality, petroleum, transportation, government and healthcare vertical markets. VeriFone Systems, Inc., formerly known as VeriFone Holdings, Inc., is headquartered in San Jose, California.

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