Are Analysts Bullish VeriFone Systems, Inc. (NYSE:PAY) After Last Week?

January 16, 2018 - By Kurt Siggers

 Are Analysts Bullish VeriFone Systems, Inc. (NYSE:PAY) After Last Week?
Investors sentiment decreased to 0.88 in Q3 2017. Its down 0.28, from 1.16 in 2017Q2. It turned negative, as 31 investors sold VeriFone Systems, Inc. shares while 80 reduced holdings. 34 funds opened positions while 64 raised stakes. 114.66 million shares or 2.52% less from 117.62 million shares in 2017Q2 were reported.
Ameriprise Inc holds 0% or 322,424 shares. Gotham Asset Mgmt Lc invested in 286,260 shares. Great West Life Assurance Can holds 64,610 shares or 0% of its portfolio. Ellington Mgmt Group Ltd accumulated 20,000 shares. Michigan-based Comerica Comml Bank has invested 0.01% in VeriFone Systems, Inc. (NYSE:PAY). Cap Mngmt Assoc Ny invested in 18,500 shares or 0.53% of the stock. Mesirow Fin Inv holds 713,560 shares or 0.95% of its portfolio. Bancorp Of Montreal Can reported 6,988 shares. State Street Corp owns 3.64M shares. Nwq Investment Mgmt Lc holds 286,008 shares or 0.07% of its portfolio. Louisiana State Employees Retirement Sys reported 29,900 shares or 0.03% of all its holdings. International Grp Incorporated Inc reported 303,497 shares or 0.02% of all its holdings. 196,900 are held by Ny State Teachers Retirement System. Liberty Mutual Grp Asset Mgmt stated it has 0.03% of its portfolio in VeriFone Systems, Inc. (NYSE:PAY). Ing Groep Nv accumulated 13,697 shares.

VeriFone Systems, Inc. (NYSE:PAY) Ratings Coverage

Among 31 analysts covering Verifone Systems Inc. (NYSE:PAY), 10 have Buy rating, 1 Sell and 20 Hold. Therefore 32% are positive. Verifone Systems Inc. had 77 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, August 5 by TheStreet. The firm has “Buy” rating given on Tuesday, December 19 by Tigress Financial. Morgan Stanley maintained VeriFone Systems, Inc. (NYSE:PAY) on Tuesday, September 20 with “Equal-Weight” rating. The firm has “Neutral” rating given on Wednesday, June 8 by Goldman Sachs. RBC Capital Markets maintained the stock with “Hold” rating in Friday, October 13 report. Deutsche Bank maintained VeriFone Systems, Inc. (NYSE:PAY) on Friday, September 2 with “Hold” rating. The stock has “Neutral” rating by Piper Jaffray on Tuesday, August 25. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, March 10. Imperial Capital maintained it with “Outperform” rating and $38 target in Friday, September 11 report. Wedbush maintained the stock with “Outperform” rating in Thursday, February 4 report. Below is a list of VeriFone Systems, Inc. (NYSE:PAY) latest ratings and price target changes.

19/12/2017 Broker: Tigress Financial Rating: Buy Maintain
13/12/2017 Broker: SunTrust Rating: Buy New Target: $23.0
13/12/2017 Broker: Credit Suisse Rating: Neutral Old Target: $20 New Target: $21 Maintain
11/12/2017 Broker: Raymond James Rating: Buy New Target: $22.0 Maintain
16/11/2017 Broker: Raymond James Old Rating: Strong Buy New Rating: Outperform Downgrade
14/11/2017 Broker: RBC Capital Markets Rating: Hold New Target: $20.0 Maintain
13/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $20.0 Maintain
25/09/2017 Broker: Tigress Financial Rating: Buy Maintain
15/09/2017 Broker: Citigroup Rating: Hold New Target: $23.0 Initiate
12/09/2017 Broker: RBC Capital Markets Rating: Hold New Target: $20.0 Maintain

The stock decreased 1.14% or $0.21 during the last trading session, reaching $18.14. About 579,487 shares traded. VeriFone Systems, Inc. (NYSE:PAY) has declined 31.93% since January 16, 2017 and is downtrending. It has underperformed by 48.63% the S&P500.

VeriFone Systems, Inc. provides payments and commerce solutions at the point of sale worldwide. The company has market cap of $2.04 billion. It offers countertop solutions that accept payment options, such as contactless, NFC, mobile wallets, and EMV; PIN pads that support credit and debit card, EBT, EMV, and other PIN transactions; and multimedia consumer facing POS devices. It currently has negative earnings. The firm also provides portable payment devices, including small, portable, and handheld devices that enable merchants to accept electronic payments wherever wireless connectivity is available; and mobile solutions that attach to and interface with iOS, Android, or Windows smartphones and tablets.

More recent VeriFone Systems, Inc. (NYSE:PAY) news were published by: Investorplace.com which released: “3 Big Stock Charts: VeriFone Systems Inc, Apple Inc. and Advanced Micro …” on December 19, 2017. Also Businesswire.com published the news titled: “Introducing Verifone’s Most Flexible Mobile Pay Solution to Help Retailers …” on January 12, 2018. Gurufocus.com‘s news article titled: “VeriFone Systems Inc (PAY) Files 10-K for the Fiscal Year Ended on October 31 …” with publication date: December 19, 2017 was also an interesting one.

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