Brokerage Firm Rating on Verifone Systems (PAY)

Verifone Systems (PAY) : 8 brokerage houses believe that Verifone Systems (PAY) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Verifone Systems (PAY). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 17 Wall Street Analysts endorse the stock as a Buy with a rating of 2.

Verifone Systems (PAY) : Average target price received by Verifone Systems (PAY) is $27.2 with an expected standard deviation of $5.98. The most aggressive target on the stock is $42, whereas the most downbeat target is $19. 15 financial analysts are currently covering the stock.


For the current week, the company shares have a recommendation consensus of Buy. Verifone Systems (NYSE:PAY): The stock opened at $18.81 on Thursday but the bulls could not build on the opening and the stock topped out at $18.89 for the day. The stock traded down to $18.55 during the day, due to lack of any buying support eventually closed down at $18.63 with a loss of -0.32% for the day. The stock had closed at $18.69 on the previous day. The total traded volume was 1,581,473 shares.

In a related news, The officer (EVP, Engineering & CTO), of Verifone Systems, Inc., Bhanot Alok had unloaded 994 shares at $28.74 per share in a transaction on December 29, 2015. The total value of transaction was $28,568. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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 Companys 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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