Economy

Verifone Systems, Inc. (PAY) Receives Average Recommendation of "Hold" from Analysts

With 2.57 million avg volume, 5 days are for Verifone Systems Incorporated (NYSE:PAY)'s short sellers to cover PAY's short positions. Canada Pension Plan Investment Board who had been investing in Verifone Sys Inc Com for a number of months, seems to be bullish on the $2.20 billion market cap company. The stock decreased 0.20% or $0.04 during the last trading session, reaching $19.67. Nationwide Fund Advisors raised its position in shares of Verifone Systems by 1.2% in the first quarter. It has underperformed by 48.63% the S&P500. Johnson Grp Inc reported 0% stake. Qualcomm Inc now has $80.43B valuation. The stock declined 0.22% or $0.12 reaching $53.85 per share. About 2,105 shares traded. QUALCOMM, Inc. (NASDAQ:QCOM) has risen 9.31% since July 21, 2016 and is uptrending.

VeriFone Systems, Inc. offers payments and commerce solutions. The stock's market capitalization is $2.20 billion. The Company is engaged in designing, manufacturing, marketing and supplying a range of payment solutions and complementary services. It now has negative earnings. It provides solutions and services for the retail point-of-sale that enable various forms of commerce. Equities research analysts forecast that Verifone Systems will post $1.33 earnings per share for the current fiscal year. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the stock. Therefore 79% are positive.

TRADEMARK VIOLATION WARNING: "Somewhat Positive Media Coverage Very Likely to Impact Verifone Systems (NYSE:PAY) Stock Price" was posted by The Cerbat Gem and is owned by of The Cerbat Gem. Imperial Capital upped their price target on shares of Verifone Systems from $18.00 to $20.00 and gave the company an "in-line" rating in a research note on Thursday, March 23rd. BTIG Research downgraded the stock to "Neutral" rating in Friday, March 10 report. (NYSE:PAY) from a hold rating to a buy rating in a research report report published on Wednesday. As per Monday, August 10, the company rating was downgraded by Wolfe Research.

Whittier Trust Co. increased its stake in shares of Verifone Systems, Inc. Verifone Systems has an average rating of "Hold" and an average target price of $18.73. Finally, Barclays PLC reissued an "equal weight" rating and set a $20.00 price target (down from $22.00) on shares of Verifone Systems in a research report on Sunday, June 11th. They set a "buy" rating for the company. The company was maintained on Friday, September 4 by Wedbush.

Investors sentiment decreased to 0.86 in Q4 2016. Its down 0.41, from 1.03 in 2016Q3. 289.83 million shares or 0.68% less from 291.81 million shares in 2016Q3 were reported. (NYSE:PAY) by 8.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). Palisade Capital Management LLC NJ boosted its stake in Verifone Systems by 22.2% in the first quarter. Skylands Capital Limited Liability Com owns 120,600 shares or 0.33% of their USA portfolio. Investment House Llc sold 9,252 shares as the company's stock rose 12.78% with the market. Fin Architects Inc holds 5,300 shares or 0.02% of its portfolio. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Verifone Systems during the fourth quarter worth $236,000. The correct version of this story can be viewed at https://weekherald.com/2017/07/24/nn-investment-partners-holdings-n-v-increases-position-in-verifone-systems-inc-pay.html. Voya Investment Mngmt Limited has invested 0% in VeriFone Systems Inc (NYSE:PAY). Pictet Asset Mgmt owns 0.02% invested in VeriFone Systems Inc (NYSE:PAY) for 285,700 shares. The New York-based Sg Americas Secs Llc has invested 0.01% in VeriFone Systems Inc (NYSE:PAY).

Since January 25, 2017, it had 0 insider buys, and 26 insider sales for $149.94 million activity. On Monday, January 30 VINCIQUERRA ANTHONY J bought $53,985 worth of QUALCOMM, Inc. Pnc Financial holds 5,964 shares. AMON CRISTIANO R also bought $999,596 worth of QUALCOMM, Inc. Ahl Partners Llp invested in 0.02% or 41,521 shares. It turned negative, as 59 investors sold NRG Energy Inc shares while 139 reduced holdings. 123 funds opened positions while 723 raised stakes. (NASDAQ:QCOM) for 391,200 shares. The Minnesota-based Accredited Invsts has invested 0.7% in Apple Inc. 83,056 are held by Mutual Of America Ltd Limited Liability Company. Stoneridge Invest Lc accumulated 0.17% or 69,937 shares. (NASDAQ:AAPL) or 77,388 shares. Moreover, Wagner Bowman Management has 0.09% invested in QUALCOMM, Inc. Gluskin Sheff Assocs Incorporated accumulated 347,610 shares or 1.99% of the stock. Covington Advsrs, a Pennsylvania-based fund reported 108,905 shares. Check Capital Mgmt Incorporated Ca invested in 623,634 shares or 3.1% of the stock.

Among 33 analysts covering Qualcomm Inc.

A number of brokerages have issued reports on PAY. The stock of QUALCOMM, Inc. The firm has "Hold" rating by Deutsche Bank given on Thursday, July 20. Cowen & Co maintained QUALCOMM, Inc. Cowen & Co has "Outperform" rating and $72 target. The firm has "Buy" rating given on Thursday, June 1 by UBS. Krasney Ltd Liability Company holds 2.14% in Apple Inc.



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