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Shares of VeriFone Systems (NYSE:PAY) have earned a consensus rating of “Buy” from the fifteen ratings firms that are presently covering the company, ARN reports. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $29.69.

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

VeriFone Systems (NYSE:PAY) traded up 0.21% during mid-day trading on Tuesday, hitting $35.015. The stock had a trading volume of 495,991 shares. VeriFone Systems has a 52 week low of $15.34 and a 52 week high of $35.11. The stock has a 50-day moving average of $32.97 and a 200-day moving average of $28.54. The company’s market cap is $3.891 billion. VeriFone Systems also was the recipient of unusually large options trading on Monday. Stock investors acquired 23,202 call options on the stock. This represents an increase of 646% compared to the average volume of 3,111 call options.

VeriFone Systems (NYSE:PAY) last released its earnings data on Tuesday, March 11th. The company reported $0.31 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.51 earnings per share. VeriFone Systems’s revenue was up 1.6% compared to the same quarter last year. Analysts expect that VeriFone Systems will post $1.42 EPS for the current fiscal year.

A number of research firms have recently commented on PAY. Analysts at Barclays initiated coverage on shares of VeriFone Systems in a research note on Monday. They set an “overweight” rating and a $21.00 price target on the stock. Separately, 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. Finally, 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.

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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