VeriFone Systems Insider Bulent Ozayaz Sells 17,045 Shares (PAY)
VeriFone Systems (NYSE:PAY) Insider Bulent Ozayaz unloaded 17,045 shares of VeriFone Systems stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $35.25, for a total transaction of $600,836.25. Following the sale, the insider now directly owns 23,382 shares of the company’s stock, valued at approximately $824,216. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of VeriFone Systems (NYSE:PAY) traded up 0.03% on Wednesday, hitting $35.34. The stock had a trading volume of 692,831 shares. VeriFone Systems has a 52-week low of $19.16 and a 52-week high of $38.26. The stock’s 50-day moving average is $34.79 and its 200-day moving average is $33.24. The company’s market cap is $3.948 billion.
VeriFone Systems (NYSE:PAY) last posted its quarterly earnings results on Thursday, June 5th. The company reported $0.33 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts predict that VeriFone Systems will post $1.45 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of VeriFone Systems in a research note on Monday. They now have a $36.00 price target on the stock. Separately, 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. Finally, analysts at Goldman Sachs reiterated a “neutral” rating on shares of VeriFone Systems in a research note on Tuesday, July 8th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. VeriFone Systems currently has a consensus rating of “Hold” and an average price target 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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