Verifone Systems, Inc. (PAY) Lowered to “Outperform” at UBS AG
UBS AG cut shares of Verifone Systems, Inc. (NYSE:PAY) from a strong-buy rating to an outperform rating in a research note released on Thursday, The Fly reports.
Other analysts have also issued research reports about the stock. Piper Jaffray Companies reiterated a hold rating and issued a $20.00 target price on shares of Verifone Systems in a research note on Friday, September 8th. Zacks Investment Research lowered shares of Verifone Systems from a hold rating to a sell rating in a research note on Friday, September 8th. Barclays PLC reiterated a hold rating and issued a $22.00 target price on shares of Verifone Systems in a research note on Friday, September 29th. BidaskClub lowered shares of Verifone Systems from a hold rating to a sell rating in a research note on Wednesday, August 16th. Finally, BTIG Research reiterated a hold rating on shares of Verifone Systems in a research note on Monday, September 11th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. Verifone Systems presently has a consensus rating of Hold and a consensus price target of $19.33.
Shares of Verifone Systems (PAY) opened at $17.30 on Thursday. The company has a market cap of $1,934.76, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.29 and a beta of 2.01. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.10 and a current ratio of 1.32. Verifone Systems has a one year low of $15.10 and a one year high of $21.48.
Verifone Systems (NYSE:PAY) last announced its quarterly earnings results on Thursday, September 7th. The business services provider reported $0.36 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.36. The business had revenue of $466.90 million during the quarter, compared to analyst estimates of $464.13 million. Verifone Systems had a negative net margin of 9.76% and a positive return on equity of 11.19%. Verifone Systems’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.42 EPS. equities research analysts forecast that Verifone Systems will post 0.99 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAY. Zions Bancorporation purchased a new stake in Verifone Systems during the third quarter valued at about $108,000. Riverhead Capital Management LLC lifted its holdings in Verifone Systems by 80.9% during the second quarter. Riverhead Capital Management LLC now owns 6,693 shares of the business services provider’s stock valued at $121,000 after purchasing an additional 2,993 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in Verifone Systems by 22.3% during the second quarter. LS Investment Advisors LLC now owns 9,213 shares of the business services provider’s stock valued at $167,000 after purchasing an additional 1,679 shares during the last quarter. Timber Hill LLC purchased a new stake in Verifone Systems during the second quarter valued at about $214,000. Finally, NGAM Advisors L.P. lifted its holdings in Verifone Systems by 5.2% during the second quarter. NGAM Advisors L.P. now owns 12,628 shares of the business services provider’s stock valued at $229,000 after purchasing an additional 622 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.
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