Investors Purchase Large Volume of VeriFone Systems Call Options (PAY)
Shares of VeriFone Systems (NYSE:PAY) saw unusually large options trading activity on Friday. Traders purchased 14,717 call options on the stock, Analyst Ratings.Net reports. This represents an increase of 406% compared to the average volume of 2,908 call options.
PAY has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of VeriFone Systems in a research note on Friday. They now have a $38.00 price target on the stock, up previously from $34.00. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of VeriFone Systems in a research note on Friday. They now have a $39.00 price target on the stock, up previously from $36.00. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of VeriFone Systems in a research note on Friday. They now have a $39.00 price target on the stock, up previously from $37.00. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. VeriFone Systems has a consensus rating of “Hold” and an average price target of $32.33.
Shares of VeriFone Systems (NYSE:PAY) traded up 8.57% on Friday, hitting $36.72. The stock had a trading volume of 6,175,302 shares. VeriFone Systems has a one year low of $15.34 and a one year high of $35.38. The stock’s 50-day moving average is $33.25 and its 200-day moving average is $29.76. The company’s market cap is $4.080 billion.
VeriFone Systems (NYSE:PAY) last announced its earnings results on Thursday, June 5th. The company reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. The company had revenue of $467.00 million for the quarter, compared to the consensus estimate of $443.42 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. VeriFone Systems’s revenue was up 8.6% compared to the same quarter last year. Analysts expect that VeriFone Systems will post $1.43 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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