Barclays Maintains VeriFone Systems Inc to Equal-weight with Price Target $19.00

Brokerage firm Barclays Maintains its rating on VeriFone Systems Inc(NYSE:PAY). In a research note issued to the investors, the brokerage major Lowers the price-target to $19.00 per share. The shares have been rated Equal-weight. The rating by Barclays was issued on Sep 2, 2016.

In a different note, On Sep 2, 2016, PiperJaffray said it Downgrades its rating on VeriFone Systems Inc. The shares have been rated ‘Neutral’ by the firm. On Jul 7, 2016, Barclays said it Maintains its rating on VeriFone Systems Inc. In the research note, the firm Lowers the price-target to $23.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jun 20, 2016, Imperial Capital said it Maintains its rating on VeriFone Systems Inc. In the research note, the firm Lowers the price-target to $32.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jun 9, 2016, Standpoint Research said it Upgrades its rating on VeriFone Systems Inc. The shares have been rated ‘Buy’ by the firm. On Jun 8, 2016, Barclays said it Downgrades its rating on VeriFone Systems Inc. In the research note, the firm Lowers the price-target to $37.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Jun 8, 2016, Goldman Sachs said it Maintains its rating on VeriFone Systems Inc. In the research note, the firm Lowers the price-target to $31.00 per share. The shares have been rated ‘Neutral’ by the firm.

VeriFone Systems Inc (PAY) made into the market gainers list on Thursdays trading session with the shares advancing 1.21% or 0.24 points. Due to strong positive momentum, the stock ended at $20.1, which is also near the day’s high of $20.33. The stock began the session at $19.76 and the volume stood at 75,96,326 shares. The 52-week high of the shares is $31.38 and the 52 week low is $16.99. The company has a current market capitalization of $2,222 M and it has 11,05,49,555 shares in outstanding.

VeriFone Systems Inc(PAY) last announced its earnings results on Jun 7, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $532.40M. Analysts had an estimated revenue of $530.10M. Earnings per share were $0.47. Analysts had estimated an EPS of $0.52.

Several Insider Transactions has been reported to the SEC. On Dec 30, 2015, Alok Bhanot (EVP, Engineering & CTO) sold 994 shares at $28.74 per share price.Also, On Jun 25, 2015, Eitan Raff (director) sold 1,375 shares at $36.00 per share price.On Apr 22, 2015, Sunil Aruna Kappagoda (President, ASPAC & EVP) sold 52,900 shares at $35.29 per share price, according to the Form-4 filing with the securities and exchange commission.

VeriFone Systems Inc. (VeriFone) formerly VeriFone Holdings Inc. is a holding company of VeriFone Inc. The Company is engaged in the secure electronic payment solutions. Its system solutions consist of point of sale (POS) electronic payment devices that run its and third-party operating systems security and encryption software and certified payment software as well as other third-party value-added applications. Its system solutions process a range of payment types. The Company’s electronic payment systems are available in several modular configurations offering its support to a range of connectivity options. The Company also offers customers technical support for installed payment systems consulting services and project management services for system deployment and customization of integrated software solutions. It provides solutions and services for the financial services retail petroleum restaurant hospitality taxi transportation and healthcare markets.

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