Tigress Financial Initiates Coverage On VeriFone Systems Inc to Buy

Tigress Financial Initiates Coverage On VeriFone Systems Inc(PAY). The shares have been rated Buy. The rating by the stock financial advisor at Tigress Financial was issued on Mar 27, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 24, 2017, Imperial Capital said it Maintains its rating on VeriFone Systems Inc. According to the research note, Imperial Capital Raises the price target to $20 per share from a prior target of $18. The shares have been rated ‘In-Line’ by the firm. On Mar 23, 2017, Imperial Capital said it Maintains its rating on VeriFone Systems Inc. According to the research note, Imperial Capital Raises the price target to $20 per share from a prior target of $18. The shares have been rated ‘In-Line’ by the firm. On Mar 10, 2017, BTIG Research said it Downgrades its rating on VeriFone Systems Inc. The shares have been rated ‘Neutral’ by the firm.

VeriFone Systems Inc (PAY) shares turned negative on Fridays trading session with the shares closing down -0.05 points or -0.27% at a volume of 9,72,626. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.87. The peak price level was also seen at $18.87 while the days lowest was $18.59. Finally the shares closed at $18.72. The 52-week high of the shares is $29.73 while the 52-week low is $14.94. According to the latest information available, the market cap of the company is $2,089 M.

VeriFone Systems Inc(PAY) last announced its earnings results on Mar 9, 2017 for Fiscal Year 2017 and Q1.Company reported revenue of $456.600M. Analysts had an estimated revenue of $450.140M. Earnings per share were $0.21. Analysts had estimated an EPS of $0.2.

Several Insider Transactions has been reported to the SEC. On Sep 30, 2016, Robert W Alspaugh (director) sold 8,250 shares at $15.81 per share price.Also, On Sep 28, 2016, Eitan Raff (director) sold 4,125 shares at $16.13 per share price.On Dec 30, 2015, Alok Bhanot (EVP, Engineering & CTO) sold 994 shares at $28.74 per share price, according to the Form-4 filing with the securities and exchange commission.

VeriFone Systems Inc. (VeriFone) formerly VeriFone Holdings Inc. is a holding company of VeriFone Inc. The Company is engaged in the secure electronic payment solutions. Its system solutions consist of point of sale (POS) electronic payment devices that run its and third-party operating systems security and encryption software and certified payment software as well as other third-party value-added applications. Its system solutions process a range of payment types. The Company’s electronic payment systems are available in several modular configurations offering its support to a range of connectivity options. The Company also offers customers technical support for installed payment systems consulting services and project management services for system deployment and customization of integrated software solutions. It provides solutions and services for the financial services retail petroleum restaurant hospitality taxi transportation and healthcare markets.

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