VeriFone Systems, Inc. (NYSE:PAY) Analyst Opinion
VeriFone Systems, Inc. (NYSE:PAY) stock is presently standing at about $19.01 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 18 analysts covering the company is $20.50, which suggests the stock could still rise over 7 percent. The highest analyst price target is $27.00, which implies a rally of 58 percent. And a quick view of analyst notes show that 3 are rating the stock a buy while 4 rate PAY a strong buy. There are 16 equity research firms advocating a Hold and 0 consider it Sell.
Stifel analysts provided their view on VeriFone Systems, Inc. (NYSE:PAY) recently. The rating firm issued a Hold rating to this company in a research note released on Dec 02, 2016. Craig Hallum analysts disclosed their opinion on VeriFone Systems, Inc. (NYSE:PAY) recently. The rating firm gave a Buy rating to this stock in a research note published on Oct 17, 2016. According to a research note disclosed on Sep 12, 2016, analysts at Imperial Capital have lowered their rating on these shares from Outperform to In-line.
VeriFone Systems, Inc. (NYSE:PAY) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director Alspaugh Robert W sold 8,250 company shares for 130430, in a transaction on 2016-09-29. Following the transaction, the Director is left with a stake of 9,000 shares, currently valued at $171090. Meanwhile, Director Raff Eitan sold 4,125 shares worth $66540, through a transaction dated 2016-09-26. Following the completion of the transaction, the insider is left with a stake of 11,000 shares, amounting $209110. PAY EVP, Engineering & CTO Bhanot Alok also sold 994 shares, at a stock price of $28.74. This transaction occurred on 2015-12-29 totals $28570. After this transaction, the insider’s stake stands at 23,083 shares, with a market value of $438808.
Executives hold 1.10 percent of the stock. Mr. Paul S. Galant is one of the biggest insider owners in VeriFone Systems, Inc. (NYSE:PAY), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 185,025 shares which have current market value of around $3517325.25.Marc E. Rothman is another major inside shareholder in the company. The insider owns 146,675 shares as of 0.13%, currently worth $2788291.75. David Turnbull is ranked as third insider holder of the stock. This insider holds 143,606 shares with a market value around $2729950.06 as of recent close.
VeriFone Systems, Inc. (NYSE:PAY) Earnings Outlook
In VeriFone Systems, Inc. (NYSE:PAY)’s latest quarter, EPS moved to $0.21 from $0.30 in preceding quarter and revenues reached at $456.60M compared to $467.60M. Analysts had expected VeriFone Systems, Inc. (NYSE:PAY) to post net income of about $0.20 per share on $450.14M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.19 to $0.23. That is compared with the $0.47 in EPS it reported during the same period a year ago.