In today’s session VeriFone Systems Inc (PAY) registered an unusually high (3,333) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious PAY increase. With 3,333 contracts traded and 1314 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: PAY161118C00017000 closed last at: $0.45 or 28.6% up. About 536,379 shares traded hands. VeriFone Systems Inc (NYSE:PAY) has declined 34.70% since March 2, 2016 and is downtrending. It has underperformed by 42.96% the S&P500.
VeriFone Systems Inc (NYSE:PAY) Ratings Coverage
Out of 22 analysts covering Verifone Systems Inc. (NYSE:PAY), 9 rate it a “Buy”, 0 “Sell”, while 13 “Hold”. This means 41% are positive. $44 is the highest target while $15 is the lowest. The $27.58 average target is 66.14% above today’s ($16.6) stock price. Verifone Systems Inc. has been the topic of 46 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The company was maintained on Saturday, September 5 by Pacific Crest. The firm earned “Buy” rating on Thursday, June 9 by Standpoint Research. The firm earned “Overweight” rating on Friday, August 14 by JP Morgan. The rating was initiated by Credit Suisse on Friday, December 11 with “Neutral”. Susquehanna maintained it with “Positive” rating and $42 target price in Friday, September 4 report. SunTrust maintained VeriFone Systems Inc (NYSE:PAY) rating on Wednesday, June 8. SunTrust has “Buy” rating and $24 price target. The stock of VeriFone Systems Inc (NYSE:PAY) has “Neutral” rating given on Wednesday, June 8 by Goldman Sachs. The company was maintained on Wednesday, June 8 by RBC Capital Markets. The stock of VeriFone Systems Inc (NYSE:PAY) has “Equal-Weight” rating given on Wednesday, June 8 by Barclays Capital. As per Wednesday, June 8, the company rating was downgraded by Monness Crespi & Hardt.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 1.07 in 2016 Q2. Its up 0.13, from 0.94 in 2016Q1. The ratio improved, as 52 funds sold all VeriFone Systems Inc shares owned while 82 reduced positions. 42 funds bought stakes while 101 increased positions. They now own 97.67 million shares or 6.71% less from 104.70 million shares in 2016Q1.
First Tru L P, a Illinois-based fund reported 92,871 shares. National Bank & Trust Of Nova Scotia has invested 0.03% of its portfolio in VeriFone Systems Inc (NYSE:PAY). Qs Investors Ltd, a New York-based fund reported 9,011 shares. Ibm Retirement Fund has 11,052 shares for 0.01% of their US portfolio. Congress Asset Mngmt Ma last reported 0.12% of its portfolio in the stock. Oregon Pub Employees Retirement Fund owns 38,449 shares or 0.02% of their US portfolio. Millennium Mgmt Ltd Llc holds 0% or 22,573 shares in its portfolio. Community Group Inc Ltd Liability Company has 1.05% invested in the company for 114,230 shares. Los Angeles Capital And Equity Rech Inc accumulated 0.01% or 63,890 shares. Point72 Asia (Hong Kong) last reported 0.38% of its portfolio in the stock. Ig Investment Management accumulated 0% or 30,221 shares. The California-based First Quadrant L P Ca has invested 0% in VeriFone Systems Inc (NYSE:PAY). Teacher Retirement Of Texas has invested 0% of its portfolio in VeriFone Systems Inc (NYSE:PAY). Roundview Capital Lc has 23,075 shares for 0.16% of their US portfolio. Schwab Charles Inc owns 270,424 shares or 0.01% of their US portfolio.
VeriFone Systems, Inc. is engaged in providing electronic payment solutions at the point of sale . The company has a market cap of $1.87 billion. The Firm designs, makes, markets and supplies a range of payment solutions and complementary services that enable secure electronic payment transactions and value-added services at the POS. It has a 58.45 P/E ratio. The Company’s divisions include North America, Latin America, EMEA and Asia-Pacific.
PAY Company Profile
VeriFone Systems, Inc. (VeriFone), formerly VeriFone Holdings, Inc., incorporated on June 13, 2002, is a holding firm of VeriFone, Inc. The Firm is engaged in the secure electronic payment solutions. It provides solutions, and services for the financial services, retail, petroleum, restaurant, hospitality, taxi, transportation, and healthcare markets. The Company’s 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. The Company’s system solutions process a range of payment types. They include signature and personal identification number (PIN) debit cards, credit cards, contactless/radio frequency identification (RFID) cards and tokens, Near Field Communication (NFC), enabled mobile phones, smart cards, pre-paid gift and other stored-value cards, electronic bill payment, check authorization and conversion, signature capture, and electronic benefits transfer (EBT). The Companyâ€™s electronic payment systems are available in several modular configurations, offering its support to a range of connectivity options. It also offers clients technical support for installed payment systems, consulting services, and project management services for system deployment, and customization of integrated software solutions.
Another recent and important VeriFone Systems Inc (NYSE:PAY) news was published by Benzinga.com which published an article titled: “Cramer Shares His Thoughts On Universal Display And VeriFone Systems” on September 27, 2016.
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