VeriFone Systems’s Neutral Rating Reaffirmed at Zacks (PAY)
VeriFone Systems (NYSE:PAY)‘s stock had its “neutral” rating reiterated by Zacks in a note issued to investors on Monday. They currently have a $36.00 target price on the stock. Zacks‘s target price points to a potential upside of 5.29% from the company’s current price.
Shares of VeriFone Systems (NYSE:PAY) traded up 2.16% during mid-day trading on Monday, hitting $34.93. The stock had a trading volume of 282,618 shares. VeriFone Systems has a one year low of $18.69 and a one year high of $38.26. The stock has a 50-day moving average of $34.91 and a 200-day moving average of $33.08. The company’s market cap is $3.902 billion.
VeriFone Systems (NYSE:PAY) last released its earnings data 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. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. Analysts expect that VeriFone Systems will post $1.45 EPS for the current fiscal year.
In other VeriFone Systems news, EVP Sunil Aruna Kappagoda sold 84,650 shares of VeriFone Systems stock on the open market in a transaction dated Thursday, August 7th. The stock was sold at an average price of $33.18, for a total value of $2,808,687.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of VeriFone Systems in a research note on Wednesday, August 13th. They now have a $41.00 price target on the stock, up previously from $39.00. Separately, analysts at Goldman Sachs reiterated a “neutral” rating on shares of VeriFone Systems in a research note on Tuesday, July 8th. Finally, analysts at Morgan Stanley initiated coverage on shares of VeriFone Systems in a research note on Tuesday, June 10th. They set an “equal weight” rating and a $35.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. VeriFone Systems presently has an average rating of “Hold” and an average target price of $33.08.
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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