Investors Purchase Large Volume of Call Options on VeriFone Systems (PAY)
Shares of VeriFone Systems (NYSE:PAY) was the recipient of unusually large options trading activity on Tuesday. Investors acquired 7,684 call options on the company, American Banking and Market News reports. This is an increase of 128% compared to the typical volume of 3,366 call options.
A number of analysts have recently weighed in on PAY shares. Analysts at Barclays Capital reiterated a “hold” rating on shares of VeriFone Systems (NYSE:PAY) in a research note to investors on Tuesday. They now have a $22.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of VeriFone Systems (NYSE:PAY) from $21.00 to $26.00 in a research note to investors on Tuesday. They now have a “sector perform” rating on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of VeriFone Systems (NYSE:PAY) in a research note to investors on Tuesday.
Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $22.67.
VeriFone Systems (NYSE:PAY) opened at 22.78 on Wednesday. VeriFone Systems has a 52-week low of $15.34 and a 52-week high of $36.13. The stock has a 50-day moving average of $20.93 and a 200-day moving average of $20.1. The company’s market cap is $2.488 billion.
VeriFone Systems (NYSE:PAY) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.04. The company had revenue of $416.00 million for the quarter, compared to the consensus estimate of $400.83 million. During the same quarter in the prior year, the company posted $0.75 earnings per share. The company’s quarterly revenue was down 15.2% on a year-over-year basis. On average, analysts predict that VeriFone Systems will post $1.43 earnings per share for the current fiscal year.
VeriFone Systems, Inc (NYSE:PAY), formerly VeriFone Holdings, Inc, is a holding company for VeriFone, Inc The Company is engaged in the secure electronic payment solutions.
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