VeriFone Systems Inc Stock Price Could Go Down After Today’s Bearish Options Activity

 VeriFone Systems Inc Stock Price Could Go Down After Today's Bearish Options Activity

In today’s session VeriFone Systems Inc (PAY) recorded an unusually high (170) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious PAY decrease. With 170 contracts traded and 1854 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: PAY161216P00015000 closed last at: $0.85 or 21.4% up. About 882,271 shares traded hands. VeriFone Systems Inc (NYSE:PAY) has declined 45.11% since March 30, 2016 and is downtrending. It has underperformed by 48.12% the S&P500.

VeriFone Systems Inc (NYSE:PAY) Ratings Coverage

Out of 23 analysts covering Verifone Systems Inc. (NYSE:PAY), 10 rate it a “Buy”, 0 “Sell”, while 13 “Hold”. This means 43% are positive. Verifone Systems Inc. has been the topic of 47 analyst reports since August 5, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of PAY in a report on Friday, September 2 with “Sector Perform” rating. Barclays Capital maintained VeriFone Systems Inc (NYSE:PAY) on Friday, September 2 with “Equal-Weight” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, June 8. The firm has “Overweight” rating given on Friday, August 14 by JP Morgan. The rating was maintained by Goldman Sachs on Wednesday, June 8 with “Neutral”. The rating was initiated by Piper Jaffray with “Overweight” on Wednesday, November 25. Standpoint Research upgraded the stock to “Buy” rating in Thursday, June 9 report. The company was upgraded on Wednesday, September 30 by Argus Research. The firm has “Buy” rating by SunTrust given on Wednesday, June 8. The firm earned “Equal-Weight” rating on Wednesday, June 8 by Barclays Capital.

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 is positive, 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.
Fifth Third Bancorp has 383 shares for 0% of their US portfolio. Westport Resource Mngmt last reported 15,283 shares in the company. Metropolitan Life Ny last reported 108,485 shares in the company. Ibm Retirement Fund has 0.01% invested in the company for 11,052 shares. Airain Ltd holds 0.09% or 82,801 shares in its portfolio. Gemmer Asset Mgmt Limited Liability Company holds 123 shares or 0% of its portfolio. Moreover, Whittier Tru has 0.05% invested in VeriFone Systems Inc (NYSE:PAY) for 67,084 shares. North Star Asset Inc owns 325,226 shares or 1.07% of their US portfolio. The Illinois-based Old Second Retail Bank Of Aurora has invested 0% in VeriFone Systems Inc (NYSE:PAY). Alpenglow Limited Partnership has invested 0.88% of its portfolio in VeriFone Systems Inc (NYSE:PAY). River Road Asset Mngmt Ltd Liability Corporation last reported 985,950 shares in the company. Svcs Automobile Association reported 826,242 shares or 0.05% of all its holdings. Swiss National Bank holds 185,864 shares or 0.01% of its portfolio. Millennium Lc holds 0% or 22,573 shares in its portfolio. First Quadrant Ltd Partnership Ca last reported 0% of its portfolio in the stock.

VeriFone Systems, Inc. is engaged in providing electronic payment solutions at the point of sale . The company has a market cap of $1.69 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 54.47 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 Company’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.

More recent VeriFone Systems Inc (NYSE:PAY) news were published by: Businesswire.com which released: “Verifone Partnership Expands Alipay Acceptance to Major Retailers in North …” on October 24, 2016. Also Businesswire.com published the news titled: “Retail Payment to Introduce Customer-Friendly, Efficient and Low-Cost Payment …” on October 25, 2016. Prnewswire.com‘s news article titled: “Technical Reports on Business Equipment Stocks — VeriFone Systems, Pitney …” with publication date: October 28, 2016 was also an interesting one.

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