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.

Verifone Systems announced that its Board of Directors has initiated a stock buyback program on Tuesday, December 12th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

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.

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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.

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