VeriFone Holdings, Inc. (NYSE:PAY)’s share price hit a new 52-week high and low during trading on Monday . The stock traded as low as $14.93 and last traded at $15.19, with a volume of 1518378 shares changing hands. The stock had previously closed at $15.38.
Several brokerages have commented on PAY. Zacks Investment Research raised VeriFone from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Monday. BTIG Research reaffirmed a “hold” rating on shares of VeriFone in a research report on Sunday, March 11th. Argus reaffirmed a “hold” rating on shares of VeriFone in a research report on Tuesday, December 26th. Tigress Financial reaffirmed a “buy” rating on shares of VeriFone in a research report on Tuesday, December 19th. Finally, Barclays reaffirmed a “hold” rating and issued a $21.00 price objective on shares of VeriFone in a research report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $20.45.
The firm has a market capitalization of $1,697.21, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 1.55 and a beta of 1.76. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.93.
VeriFone (NYSE:PAY) last issued its earnings results on Thursday, March 8th. The business services provider reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.02). VeriFone had a positive return on equity of 14.11% and a negative net margin of 8.09%. The firm had revenue of $425.00 million during the quarter, compared to analysts’ expectations of $419.43 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. VeriFone’s quarterly revenue was up .0% compared to the same quarter last year. analysts expect that VeriFone Holdings, Inc. will post 1.21 EPS for the current year.
VeriFone announced that its Board of Directors has authorized a share repurchase program 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 programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Several hedge funds and other institutional investors have recently modified their holdings of PAY. American International Group Inc. lifted its stake in shares of VeriFone by 2.9% during the 3rd quarter. American International Group Inc. now owns 303,497 shares of the business services provider’s stock worth $6,155,000 after purchasing an additional 8,564 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of VeriFone by 27.2% during the 3rd quarter. Legal & General Group Plc now owns 143,933 shares of the business services provider’s stock worth $2,917,000 after purchasing an additional 30,764 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of VeriFone by 7.4% during the 3rd quarter. Wells Fargo & Company MN now owns 1,030,840 shares of the business services provider’s stock worth $20,906,000 after purchasing an additional 70,684 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of VeriFone by 6.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 736,403 shares of the business services provider’s stock worth $14,935,000 after purchasing an additional 43,011 shares during the last quarter. Finally, Engineers Gate Manager LP lifted its stake in shares of VeriFone by 97.2% during the 3rd quarter. Engineers Gate Manager LP now owns 169,200 shares of the business services provider’s stock worth $3,431,000 after purchasing an additional 83,414 shares during the last quarter.
COPYRIGHT VIOLATION NOTICE: “VeriFone (PAY) Sets New 12-Month High and Low at $14.93” was first published by Enterprise Leader and is the property of of Enterprise Leader. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://theenterpriseleader.com/2018/04/02/verifone-pay-sets-new-12-month-high-and-low-at-14-93.html.
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.
Receive News & Ratings for VeriFone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VeriFone and related companies with MarketBeat.com's FREE daily email newsletter.