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

May 17, 2018 - By Judy Temple

VeriFone Systems, Inc. (NYSE:PAY) LogoInvestors sentiment increased to 1.08 in 2017 Q4. 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.
7,784 were reported by Pub Employees Retirement Systems Of Ohio. Cove Street Cap Lc holds 0.03% or 13,256 shares. 388 are held by Regions Fincl. North Star Inv Mgmt invested in 100 shares or 0% of the stock. Teacher Retirement System Of Texas holds 0% or 38,706 shares in its portfolio. First Manhattan invested in 0% or 495 shares. Fisher Asset Mgmt Limited Co, Washington-based fund reported 4.18M shares. Meeder Asset stated it has 46,508 shares. Bnp Paribas Arbitrage Sa reported 63,549 shares or 0% of all its holdings. Geode Cap Limited Liability Com invested 0.01% of its portfolio in VeriFone Systems, Inc. (NYSE:PAY). 13,819 are held by Advantus Capital. 121,090 were reported by Covington Investment Advsr Inc. Ing Groep Nv reported 16,930 shares. Amer Century Cos Inc holds 0.02% or 1.05M shares. Texas Permanent School Fund stated it has 0.02% of its portfolio in VeriFone Systems, Inc. (NYSE:PAY).

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. Raymond James maintained VeriFone Systems, Inc. (NYSE:PAY) on Monday, December 11 with “Buy” rating. The company was maintained on Tuesday, December 19 by Tigress Financial. The stock of VeriFone Systems, Inc. (NYSE:PAY) earned “Neutral” rating by Citigroup on Tuesday, April 10. The firm has “Neutral” rating given on Tuesday, April 10 by JP Morgan. The firm earned “Hold” rating on Monday, April 9 by Piper Jaffray. The stock has “Hold” rating by SunTrust on Tuesday, April 10. Jefferies downgraded the shares of PAY in report on Monday, April 16 to “Hold” rating. The company was downgraded on Tuesday, April 10 by Standpoint Research. The rating was maintained by Credit Suisse on Wednesday, December 13 with “Neutral”. BTIG Research maintained VeriFone Systems, Inc. (NYSE:PAY) on Thursday, March 8 with “Hold” rating.

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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