Verifone Systems Sees Unusually Large Options Volume (PAY)
Verifone Systems, Inc. (NYSE:PAY) was the recipient of some unusual options trading activity on Tuesday. Traders bought 6,160 put options on the company. This represents an increase of approximately 1,236% compared to the typical daily volume of 461 put options.
Shares of Verifone Systems (NYSE PAY) opened at $18.02 on Friday. Verifone Systems has a fifty-two week low of $16.80 and a fifty-two week high of $21.48. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.32 and a quick ratio of 1.10. The stock has a market cap of $2,040.00, a P/E ratio of 19.44, a P/E/G ratio of 1.37 and a beta of 1.96.
Verifone Systems (NYSE:PAY) last issued its earnings results on Tuesday, December 12th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. Verifone Systems had a negative net margin of 9.29% and a positive return on equity of 13.45%. The company had revenue of $477.00 million for the quarter, compared to analysts’ expectations of $472.33 million. During the same quarter last year, the company posted $0.30 earnings per share. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. analysts expect that Verifone Systems will post 1.28 EPS for the current fiscal year.
PAY has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Verifone Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Northcoast Research cut shares of Verifone Systems from a “buy” rating to a “neutral” rating in a report on Wednesday, September 6th. Piper Jaffray Companies reiterated a “hold” rating and set a $20.00 price target on shares of Verifone Systems in a report on Friday, September 8th. Zacks Investment Research cut shares of Verifone Systems from a “hold” rating to a “sell” rating in a report on Friday, September 8th. Finally, Jefferies Group reiterated a “buy” rating and set a $23.00 price target (up previously from $20.00) on shares of Verifone Systems in a report on Monday, September 11th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company’s stock. Verifone Systems has a consensus rating of “Hold” and an average target price of $19.95.
A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Verifone Systems by 13.5% in the second quarter. BlackRock Inc. now owns 16,668,535 shares of the business services provider’s stock worth $301,702,000 after purchasing an additional 1,982,859 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Verifone Systems by 4.2% in the second quarter. Vanguard Group Inc. now owns 9,365,370 shares of the business services provider’s stock worth $169,513,000 after purchasing an additional 376,008 shares during the last quarter. Bank of New York Mellon Corp raised its position in Verifone Systems by 5.2% in the third quarter. Bank of New York Mellon Corp now owns 5,287,738 shares of the business services provider’s stock worth $107,236,000 after acquiring an additional 261,117 shares during the period. Alliancebernstein L.P. raised its position in Verifone Systems by 18.6% in the second quarter. Alliancebernstein L.P. now owns 4,745,833 shares of the business services provider’s stock worth $85,900,000 after acquiring an additional 742,871 shares during the period. Finally, Fuller & Thaler Asset Management Inc. raised its position in Verifone Systems by 1.2% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 4,262,713 shares of the business services provider’s stock worth $86,448,000 after acquiring an additional 50,135 shares during the period.
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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