VeriFone Systems, Inc. (NYSE:PAY) registered a 1.32% increase, still its new closing price is 22.89% up from the company’s 1 year high of 29.73.It posted 2.86% gains in previous 5 sessions and is now the subject of 17 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 4 buy or better ratings. The 24 stock analysts following this company have an average price target at $19.57, with individual PT in the $15.00-$26.00 range. The shares moved at $18.36, implying that brokerage firms see shares losing about -20.73% in twelve months time.
VeriFone Systems, Inc. (PAY) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 3.55% rise year to date. A Director at VeriFone Systems, Inc. (PAY) offloaded shares in a transaction closed on Thursday September 29, 2016. Alspaugh Robert W sold 8,250 shares in the company at $15.81 each and collected $130,000 in proceeds. Alspaugh Robert W now owns 9,000 shares in the company after this transaction. A Director in the company, Raff Eitan, disclosed a transaction on Monday September 26, 2016 that ended up generating $66,001 from the sale of 4,125 shares at $16.13 per share.
VeriFone Systems, Inc. (NYSE:PAY) Upcoming Results on Tap
VeriFone Systems, Inc. will next provide financial results for the January 2017 quarter. Stock analysts expect it to report per-share earnings of $0.20 in that period. Sales during the quarter are predicted to arrive at $450.19 million.
Earnings surprise history: Last quarter, the company posted approximately $467.6 million in revenue and EPS of $0.30. The mean forecast was for $461.3 million and $0.29 a share, respectively. One quarter earlier, revenue for the stock was at $492.6 million, with earnings at $0.42/share.
VeriFone Systems, Inc. (PAY) Brokerage Update
VeriFone Systems, Inc. (PAY) is in Stifel’s research list so their analyst rating change is noteworthy. These shares were downgraded to Hold from Buy by Stifel, according to news reported on Friday December 02, 2016.Another important research note was issued by Imperial Capital on Monday September 12, 2016.The firm downgraded PAY to In-line from Outperform. Over the last six months and over the last three months, the shares of VeriFone Systems, Inc. (PAY), have changed -4.72% and 16.79%, respectively.