NYSE:PAY - VeriFone Systems Stock Price, News, & Analysis

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Previous Close$23.03
Today's Range$23.02 - $23.04
52-Week Range$14.90 - $23.14
Volume7.06 million shs
Average Volume2.35 million shs
Market CapitalizationN/A
P/E RatioN/A
Dividend YieldN/A
BetaN/A
VeriFone Systems, Inc. provides payments and commerce solutions at the point of sale (POS) worldwide. It offers countertop solutions that accept payment options, including contactless, NFC, mobile wallets, and EMV; PIN pads that support credit and debit card, EBT, EMV, and other PIN-based transactions; and multilane consumer facing commerce devices. It also provides portable payment devices, including small, portable, and handheld devices that enable merchants to accept electronic payments wherever wireless connectivity is available; and mobile solutions that attach to and interface with iOS or Android based smartphones and tablets. In addition, it offers integrated electronic payment systems that combine electronic payment processing, fuel dispensing, and ECR functions, as well as secure payment systems for integration with petroleum pump controllers; unattended and self-service payment solutions designed to enable payment transactions in self-service, high-transaction volume, and public transportation environments; and network access solutions. Further, it provides installation, deployment, training, and application development and delivery solutions; project management, client education program, and consulting services; helpdesk support, equipment repair and maintenance, and software post-contract support services; and application libraries and development tools. Additionally, it offers omnichannel commerce, terminal management, and security solutions; and cloud-based managed, transaction payment, and other value added services. It sells its products directly; and through third party and channel partners. It serves financial institutions, payment processors, government organizations, and retailers; petroleum, transportation, and healthcare companies; and quick service restaurants. The company was formerly known as VeriFone Holdings, Inc. and changed its name to VeriFone Systems, Inc. in May 2010. VeriFone Systems, Inc. is headquartered in San Jose, California.

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Industry, Sector and Symbol

Industry Calculating & accounting equipment
Sub-IndustryData Processing & Outsourced Services
SectorBusiness Services
CUSIP92342Y10
Phone408-232-7800

Debt

Current RatioN/A
Quick RatioN/A

Price-To-Earnings

Sales & Book Value

Annual SalesN/A
Price / SalesN/A
Price / Cash FlowN/A
Price / BookN/A

Profitability

Net IncomeN/A
Net MarginsN/A
Return on AssetsN/A

Miscellaneous

Employees5,600
OptionableOptionable

VeriFone Systems (NYSE:PAY) Frequently Asked Questions

What is VeriFone Systems' stock symbol?

VeriFone Systems trades on the New York Stock Exchange (NYSE) under the ticker symbol "PAY."

How will VeriFone Systems' stock buyback program work?

VeriFone Systems announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 13th 2017, which permits the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

How were VeriFone Systems' earnings last quarter?

VeriFone Systems Inc (NYSE:PAY) announced 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. The business services provider earned $425 million during the quarter, compared to analysts' expectations of $419.43 million. The business's quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 earnings per share. View VeriFone Systems' Earnings History.

What price target have analysts set for PAY?

9 Wall Street analysts have issued 12-month price objectives for VeriFone Systems' shares. Their forecasts range from $23.00 to $23.04. On average, they expect VeriFone Systems' share price to reach $23.02 in the next year. View Analyst Price Targets for VeriFone Systems.

What is the consensus analysts' recommendation for VeriFone Systems?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for VeriFone Systems in the last year. There are currently 9 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for VeriFone Systems.

What are Wall Street analysts saying about VeriFone Systems stock?

Here are some recent quotes from research analysts about VeriFone Systems stock:
  • 1. According to Zacks Investment Research, "VeriFone is well-poised to benefit from its dominant position in the electronic payment systems and services market. The company has a robust product portfolio along with several mobile and portable point of sale (POS) solutions. Emergence and adoption of new payment methods like contactless, NFC, and mobile cloud-based payments are other catalysts for Verifone. We are also optimistic about VeriFone’s growth opportunities from its strategic acquisitions and its operations in under penetrated countries. However, declining revenues, divestures and buyout-related woes continue to bother VeriFone. A leveraged balance sheet is another headwind. Introduction of new market entrants and latest technologies is making the market more competitive. In fact, in the past six months, the stock underperformed its industry’s growth." (4/11/2018)
  • 2. BTIG Research analysts commented, "Guidance Light, Setting Higher Bar for 2H18 Execution VeriFone Systems’ (PAY) execution on its business strategy of deploying new payment devices across global markets and building out its Services platform has played out in fits and starts, and the 1Q18 report that the company released today after the market close was no exception. PAY posted 1Q18 non-GAAP earnings per share and net revenue that were better than the guidance it had provided in December, and it reiterated its FY18 outlook. However, the 2Q18 guidance that management offered was light relative to the Street consensus." (3/11/2018)

Has VeriFone Systems been receiving favorable news coverage?

Media stories about PAY stock have been trending positive recently, InfoTrie reports. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. VeriFone Systems earned a media sentiment score of 2.3 on InfoTrie's scale. They also assigned press coverage about the business services provider a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the stock's share price in the next few days.

Who are some of VeriFone Systems' key competitors?

Who are VeriFone Systems' key executives?

VeriFone Systems' management team includes the folowing people:
  • Mr. Paul S. Galant, CEO & Director (Age 50)
  • Mr. Marc E. Rothman, Exec. VP & CFO (Age 54)
  • Mr. Vincent D'Agostino, Exec. VP & Chief Strategy Officer (Age 54)
  • Mr. Glen E. Robson, Exec. VP & Global Head of Solutions (Age 50)
  • Mr. Sheetal Shah, Chief Operating Officer

How do I buy shares of VeriFone Systems?

Shares of PAY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is VeriFone Systems' official website?

The official website for VeriFone Systems is http://www.verifone.com.

How can I contact VeriFone Systems?

VeriFone Systems' mailing address is 88 WEST PLUMERIA DRIVE, SAN JOSE CA, 95134. The business services provider can be reached via phone at 408-232-7800 or via email at [email protected]


MarketBeat Community Rating for VeriFone Systems (NYSE PAY)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  560 (Vote Outperform)
Underperform Votes:  646 (Vote Underperform)
Total Votes:  1,206
MarketBeat's community ratings are surveys of what our community members think about VeriFone Systems and other stocks. Vote "Outperform" if you believe PAY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PAY will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/17/2019 by MarketBeat.com Staff

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