Verifone Systems, Inc. (NYSE:PAY) was downgraded by analysts at Raymond James Financial, Inc. from a “strong-buy” rating to an “outperform” rating in a research report issued to clients and investors on Sunday.

Several other research firms also recently commented on PAY. Jefferies Group LLC reiterated a “buy” rating and issued a $23.00 target price (up from $20.00) on shares of Verifone Systems in a research report on Monday, September 11th. BTIG Research restated a “hold” rating on shares of Verifone Systems in a research report on Monday, September 11th. Zacks Investment Research upgraded Verifone Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. BidaskClub upgraded Verifone Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Piper Jaffray Companies restated a “hold” rating and set a $20.00 price objective on shares of Verifone Systems in a research report on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. Verifone Systems presently has a consensus rating of “Hold” and a consensus price target of $19.33.

Shares of Verifone Systems (NYSE:PAY) opened at $17.56 on Friday. The firm has a market capitalization of $1,963.84, a PE ratio of 21.68, a P/E/G ratio of 1.31 and a beta of 2.01. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.32 and a quick ratio of 1.10. Verifone Systems has a 12 month low of $15.10 and a 12 month high of $21.48.

Verifone Systems (NYSE:PAY) last released its quarterly earnings data on Thursday, September 7th. The business services provider reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. The business had revenue of $466.90 million for the quarter, compared to analyst estimates of $464.13 million. Verifone Systems had a positive return on equity of 11.19% and a negative net margin of 9.76%. Verifone Systems’s revenue was down 5.2% compared to the same quarter last year. During the same period last year, the firm posted $0.42 earnings per share. equities analysts predict that Verifone Systems will post 0.99 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Verifone Systems by 13.5% during the second quarter. BlackRock Inc. now owns 16,668,535 shares of the business services provider’s stock valued at $301,702,000 after buying an additional 1,982,859 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Verifone Systems by 4.2% during the second quarter. Vanguard Group Inc. now owns 9,365,370 shares of the business services provider’s stock valued at $169,513,000 after buying an additional 376,008 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Verifone Systems by 5.2% during the third quarter. Bank of New York Mellon Corp now owns 5,287,738 shares of the business services provider’s stock valued at $107,236,000 after buying an additional 261,117 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Verifone Systems by 18.6% during the second quarter. Alliancebernstein L.P. now owns 4,745,833 shares of the business services provider’s stock valued at $85,900,000 after buying an additional 742,871 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its position in shares of Verifone Systems by 1.2% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 4,262,713 shares of the business services provider’s stock valued at $86,448,000 after buying an additional 50,135 shares during the last quarter.

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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.

Analyst Recommendations for Verifone Systems (NYSE:PAY)

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