Somewhat Positive Press Coverage Somewhat Unlikely to Affect Verifone Systems (PAY) Share Price
News articles about Verifone Systems (NYSE:PAY) have trended somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Verifone Systems earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 46.3181783116469 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Verifone Systems (PAY) Rating Reiterated by Tigress Financial (americanbankingnews.com)
- VeriFone Systems Inc (PAY) Files 10-K for the Fiscal Year Ended on October 31, 2017 (finance.yahoo.com)
- Stocks Messing With The Heads Of Investors: Monster Beverage Corporation (MNST), VeriFone Systems, Inc. (PAY) – Market Movers (financialqz.com)
- Here’s Why Investors Should Offload VeriFone (PAY) Stock – Nasdaq (nasdaq.com)
- Here's Why Investors Should Offload VeriFone (PAY) Stock (finance.yahoo.com)
Shares of Verifone Systems (PAY) opened at $17.90 on Wednesday. The firm has a market capitalization of $2,043.24, a price-to-earnings ratio of 19.23, a PEG ratio of 1.45 and a beta of 1.96. The company has a current ratio of 1.33, a quick ratio of 1.09 and a debt-to-equity ratio of 0.97. Verifone Systems has a 1 year low of $16.80 and a 1 year high of $21.48.
Verifone Systems announced that its board has authorized a share repurchase plan on Tuesday, December 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.
PAY has been the topic of a number of recent analyst reports. BidaskClub raised Verifone Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Northcoast Research lowered Verifone Systems from a “buy” rating to a “neutral” rating in a report on Wednesday, September 6th. Piper Jaffray Companies reissued a “hold” rating and set a $20.00 target price on shares of Verifone Systems in a report on Friday, September 8th. Zacks Investment Research lowered Verifone Systems from a “hold” rating to a “sell” rating in a report on Friday, September 8th. Finally, Jefferies Group reissued a “buy” rating and set a $23.00 target price (up from $20.00) on shares of Verifone Systems in a report on Monday, September 11th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $20.02.
Verifone Systems Company Profile
VeriFone Systems, Inc offers payments and commerce solutions. The Company is engaged in designing, manufacturing, marketing and supplying a range of payment solutions and complementary services. It provides solutions and services for the retail point-of-sale (POS) that enable various forms of commerce.
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