Analysts See $0.22 EPS for VeriFone Systems, Inc. (PAY)

May 17, 2018 - By Migdalia James

VeriFone Systems, Inc. (NYSE:PAY) LogoInvestors sentiment increased to 1.08 in Q4 2017. Its up 0.20, from 0.88 in 2017Q3. It improved, as 35 investors sold VeriFone Systems, Inc. shares while 70 reduced holdings. 40 funds opened positions while 73 raised stakes. 112.41 million shares or 1.96% less from 114.66 million shares in 2017Q3 were reported.
Advantus Mngmt Inc holds 13,819 shares. Eagle Boston Inv reported 509,819 shares. 121,090 were accumulated by Covington Investment. 11,185 are owned by Levin Capital Strategies Lp. Wellington Grp Limited Liability Partnership accumulated 1.32M shares or 0.01% of the stock. First Mercantile Trust Com has invested 0.05% in VeriFone Systems, Inc. (NYSE:PAY). Geode Mgmt Lc, Massachusetts-based fund reported 953,786 shares. Stratos Wealth Prtnrs Ltd reported 350 shares stake. Capital Fund Sa owns 26,646 shares. Regions Financial Corporation has 0% invested in VeriFone Systems, Inc. (NYSE:PAY) for 388 shares. Citadel Advsrs Ltd Limited Liability Company reported 0% in VeriFone Systems, Inc. (NYSE:PAY). Fisher Asset Mngmt Lc owns 4.18M shares or 0.1% of their US portfolio. Bank & Trust Of Montreal Can holds 0% of its portfolio in VeriFone Systems, Inc. (NYSE:PAY) for 5,921 shares. Renaissance Techs Ltd Liability holds 803,219 shares or 0.02% of its portfolio. Zwj Invest Counsel holds 1.09% or 781,880 shares in its portfolio.

Analysts expect VeriFone Systems, Inc. (NYSE:PAY) to report $0.22 EPS on June, 14.They anticipate $0.02 EPS change or 10.00 % from last quarter’s $0.2 EPS. PAY’s profit would be $24.36M giving it 25.94 P/E if the $0.22 EPS is correct. After having $0.16 EPS previously, VeriFone Systems, Inc.’s analysts see 37.50 % EPS growth. The stock decreased 0.09% or $0.02 during the last trading session, reaching $22.83. About 960,526 shares traded. VeriFone Systems, Inc. (NYSE:PAY) has declined 17.61% since May 17, 2017 and is downtrending. It has underperformed by 29.16% the S&P500.

VeriFone Systems, Inc. (NYSE:PAY) Ratings Coverage

Among 10 analysts covering Verifone (NYSE:PAY), 2 have Buy rating, 0 Sell and 8 Hold. Therefore 20% are positive. Verifone had 11 analyst reports since December 11, 2017 according to SRatingsIntel. The stock has “Buy” rating by Raymond James on Monday, December 11. SunTrust downgraded the shares of PAY in report on Tuesday, April 10 to “Hold” rating. The stock of VeriFone Systems, Inc. (NYSE:PAY) earned “Buy” rating by Tigress Financial on Tuesday, December 19. Standpoint Research downgraded the shares of PAY in report on Tuesday, April 10 to “Hold” rating. The firm has “Hold” rating given on Monday, April 16 by Jefferies. The stock of VeriFone Systems, Inc. (NYSE:PAY) earned “Hold” rating by BTIG Research on Thursday, March 8. Piper Jaffray maintained it with “Hold” rating and $23.0400 target in Monday, April 9 report. Credit Suisse maintained VeriFone Systems, Inc. (NYSE:PAY) on Wednesday, December 13 with “Neutral” rating. The rating was maintained by JP Morgan on Tuesday, April 10 with “Neutral”. The rating was maintained by Citigroup with “Neutral” on Tuesday, April 10.

VeriFone Systems, Inc. provides payments and commerce solutions at the point of sale worldwide. The company has market cap of $2.53 billion. It offers countertop solutions that accept payment options, including contactless, NFC, mobile wallets, and EMV; PIN pads that support credit and debit card, EBT, EMV, and other PIN transactions; and multilane consumer facing commerce devices. It currently has negative earnings. It also provides portable payment devices, including small, portable, and handheld devices that enable merchants to accept electronic payments wherever wireless connectivity is available; and mobile solutions that attach to and interface with iOS or Android based smartphones and tablets.

VeriFone Systems, Inc. (NYSE:PAY) Institutional Positions Chart

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