Verifone Systems, Inc. (NYSE:PAY)‘s stock had its “hold” rating reiterated by equities researchers at Piper Jaffray Companies in a report released on Friday. They presently have a $20.00 price objective on the business services provider’s stock. Piper Jaffray Companies’ target price suggests a potential upside of 2.25% from the company’s current price.

A number of other equities analysts also recently commented on PAY. Zacks Investment Research downgraded shares of Verifone Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd. Royal Bank Of Canada reduced their price objective on shares of Verifone Systems from $23.00 to $20.00 and set a “sector perform” rating for the company in a research note on Friday, June 9th. Barclays PLC reissued an “equal weight” rating and issued a $20.00 price objective (down previously from $22.00) on shares of Verifone Systems in a research note on Sunday, June 11th. BTIG Research reissued a “neutral” rating on shares of Verifone Systems in a research note on Monday, June 12th. Finally, Imperial Capital reduced their price objective on shares of Verifone Systems from $20.00 to $19.00 and set an “in-line” rating for the company in a research note on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.48.

Shares of Verifone Systems (PAY) opened at 19.56 on Friday. The stock’s market cap is $2.19 billion. Verifone Systems has a 1-year low of $14.94 and a 1-year high of $20.98. The company has a 50 day moving average price of $19.28 and a 200 day moving average price of $18.74.

Verifone Systems (NYSE:PAY) last issued its quarterly earnings data on Thursday, September 7th. The business services provider reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. The company had revenue of $466.90 million during the quarter, compared to the consensus estimate of $464.13 million. Verifone Systems had a negative net margin of 9.76% and a positive return on equity of 11.04%. Verifone Systems’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 earnings per share. On average, equities analysts anticipate that Verifone Systems will post $1.33 EPS for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAY. Bank of Montreal Can grew its holdings in shares of Verifone Systems by 21.0% during the first quarter. Bank of Montreal Can now owns 7,379 shares of the business services provider’s stock valued at $138,000 after buying an additional 1,281 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Verifone Systems by 2.9% during the first quarter. Louisiana State Employees Retirement System now owns 28,200 shares of the business services provider’s stock valued at $528,000 after buying an additional 800 shares during the last quarter. Nationwide Fund Advisors grew its holdings in shares of Verifone Systems by 1.2% during the first quarter. Nationwide Fund Advisors now owns 186,289 shares of the business services provider’s stock valued at $3,489,000 after buying an additional 2,145 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Verifone Systems by 36.0% during the first quarter. Janney Montgomery Scott LLC now owns 25,180 shares of the business services provider’s stock valued at $472,000 after buying an additional 6,670 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of Verifone Systems by 1.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 39,085 shares of the business services provider’s stock valued at $732,000 after buying an additional 500 shares during the last quarter.

About Verifone Systems

VeriFone Systems, Inc offers payments and commerce solutions. The Company is engaged in designing, manufacturing, marketing and supplying a range of payment solutions and complementary services. It provides solutions and services for the retail point-of-sale (POS) that enable various forms of commerce.

Analyst Recommendations for Verifone Systems (NYSE:PAY)

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