Investors Purchase High Volume of Verifone Systems Put Options (PAY)
Verifone Systems, Inc. (NYSE:PAY) was the target of some unusual options trading activity on Monday. Stock traders bought 15,119 put options on the stock. This is an increase of 703% compared to the average volume of 1,883 put options.
Shares of Verifone Systems (NYSE PAY) opened at 18.07 on Thursday. The firm’s market capitalization is $2.02 billion. The firm has a 50-day moving average of $18.08 and a 200 day moving average of $18.46. Verifone Systems has a 12-month low of $14.94 and a 12-month high of $20.98.
Verifone Systems (NYSE:PAY) last posted its quarterly earnings data on Thursday, June 8th. The business services provider reported $0.30 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.30. Verifone Systems had a negative net margin of 7.53% and a positive return on equity of 11.55%. The company had revenue of $474 million for the quarter, compared to analyst estimates of $472.80 million. During the same period in the prior year, the firm posted $0.47 EPS. The company’s quarterly revenue was down 9.9% on a year-over-year basis. On average, equities research analysts expect that Verifone Systems will post $1.33 earnings per share for the current year.
PAY has been the topic of several research analyst reports. Tigress Financial initiated coverage on shares of Verifone Systems in a research note on Monday, March 27th. They set a “buy” rating on the stock. BMO Capital Markets decreased their price target on shares of Verifone Systems from $21.00 to $20.00 and set a “market perform” rating on the stock in a research note on Friday, June 16th. Imperial Capital increased their price target on shares of Verifone Systems from $18.00 to $20.00 and gave the company an “in-line” rating in a research note on Thursday, March 23rd. BTIG Research cut shares of Verifone Systems from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research note on Friday, March 10th. Finally, BidaskClub cut shares of Verifone Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the stock. Verifone Systems has an average rating of “Hold” and a consensus price target of $18.73.
Several large investors have recently bought and sold shares of the stock. Capital Investment Services of America Inc. raised its stake in Verifone Systems by 22.3% in the first quarter. Capital Investment Services of America Inc. now owns 331,279 shares of the business services provider’s stock worth $6,205,000 after buying an additional 60,354 shares in the last quarter. Teachers Advisors LLC raised its stake in Verifone Systems by 1.1% in the fourth quarter. Teachers Advisors LLC now owns 445,369 shares of the business services provider’s stock worth $7,896,000 after buying an additional 4,910 shares in the last quarter. Norges Bank purchased a new stake in Verifone Systems during the fourth quarter worth approximately $19,041,000. WFG Advisors LP raised its stake in Verifone Systems by 3,390.2% in the fourth quarter. WFG Advisors LP now owns 23,978 shares of the business services provider’s stock worth $774,000 after buying an additional 23,291 shares in the last quarter. Finally, Numeric Investors LLC purchased a new stake in Verifone Systems during the fourth quarter worth approximately $229,000.
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Verifone Systems Company Profile
VeriFone Systems, Inc offers payments and commerce solutions. The Company is engaged in designing, manufacturing, marketing and supplying a range of payment solutions and complementary services. It provides solutions and services for the retail point-of-sale (POS) that enable various forms of commerce.
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