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Equities research analysts at Barclays started coverage on shares of VeriFone Systems (NYSE:PAY) in a research note issued to investors on Monday, Analyst RN reports. The firm set an “overweight” rating and a $21.00 price target on the stock. Barclays’ price objective would indicate a potential downside of 39.90% from the company’s current price.

In other VeriFone Systems news, Insider Bulent Ozayaz sold 18,975 shares of VeriFone Systems stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $33.35, for a total value of $632,816.25. Following the transaction, the insider now directly owns 829 shares of the company’s stock, valued at approximately $27,647. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of other analysts have also recently weighed in on PAY. Analysts at Deutsche Bank reiterated a “hold” rating on shares of VeriFone Systems in a research note on Monday. They now have a $18.00 price target on the stock, down previously from $29.00. Separately, analysts at Jefferies Group raised their price target on shares of VeriFone Systems from $34.00 to $38.00 in a research note on Monday, March 17th. They now have a “buy” rating on the stock. Finally, analysts at Wedbush raised their price target on shares of VeriFone Systems from $35.00 to $40.00 in a research note on Wednesday, March 12th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. VeriFone Systems currently has an average rating of “Buy” and an average target price of $29.69.

VeriFone Systems (NYSE:PAY) traded up 8.78% during mid-day trading on Monday, hitting $34.94. The stock had a trading volume of 4,602,486 shares. VeriFone Systems has a one year low of $15.34 and a one year high of $35.11. The stock has a 50-day moving average of $32.96 and a 200-day moving average of $28.37. The company’s market cap is $3.882 billion.

VeriFone Systems (NYSE:PAY) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.04. The company had revenue of $436.00 million for the quarter, compared to the consensus estimate of $429.60 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts expect that VeriFone Systems will post $1.42 EPS 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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