Verifone Systems Company Profile (NYSE:PAY)

About Verifone Systems

Verifone Systems logoVeriFone 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. The Company's segments include Verifone Systems and Verifone Services. The Verifone Systems segment delivers point of sale electronic payment devices that run the operating systems, security and encryption software, and certified payment software for both payments and commerce. The Verifone Services segment delivers device-related leasing and maintenance, payment transaction routing and reporting, and commerce based services, such as advertising on digital screens. The Company operates in various sectors, such as financial services, retail, petroleum, restaurant, hospitality, taxi, transportation and healthcare.

Industry, Sector and Symbol:
  • Sector: Business Services
  • Industry: Business Equipment
  • Sub-Industry: Data Processing & Outsourced Services
  • Exchange: NYSE
  • Symbol: PAY
  • CUSIP: 92342Y10
Key Metrics:
  • Previous Close: $20.84
  • 50 Day Moving Average: $18.81
  • 200 Day Moving Average: $17.48
  • 52-Week Range: $14.94 - $29.73
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 12.79
  • P/E Growth: 9.21
  • Market Cap: $2.32B
  • Outstanding Shares: 111,309,000
  • Beta: 1.94
  • Net Margins: -0.46%
  • Return on Equity: 16.78%
  • Return on Assets: 5.66%
  • Debt-to-Equity Ratio: 1.01%
  • Current Ratio: 1.41%
  • Quick Ratio: 1.08%
Additional Links:
Companies Related to Verifone Systems:

Analyst Ratings

Consensus Ratings for Verifone Systems (NYSE:PAY) (?)
Ratings Breakdown: 17 Hold Ratings, 5 Buy Ratings
Consensus Rating:Hold (Score: 2.23)
Consensus Price Target: $23.05 (10.59% upside)

Analysts' Ratings History for Verifone Systems (NYSE:PAY)
DateFirmActionRatingPrice TargetDetails
1/18/2017BTIG ResearchReiterated RatingBuy$21.00View Rating Details
1/5/2017BMO Capital MarketsInitiated CoverageMarket Perform$19.00View Rating Details
12/20/2016Imperial CapitalReiterated RatingIn-Line$18.00View Rating Details
12/15/2016WedbushReiterated RatingNeutral$20.00 -> $18.00View Rating Details
12/15/2016Deutsche Bank AGReiterated RatingHold$15.00View Rating Details
12/13/2016Compass PointLower Price TargetNeutral$17.50 -> $16.00View Rating Details
12/2/2016Stifel NicolausDowngradeBuy -> Hold$18.00 -> $15.00View Rating Details
10/17/2016Craig HallumInitiated CoverageBuy$20.00View Rating Details
9/20/2016Morgan StanleyLower Price TargetEqual Weight$23.00 -> $16.00View Rating Details
9/6/2016ArgusDowngradeBuy -> HoldView Rating Details
9/4/2016Pacific CrestReiterated RatingHoldView Rating Details
9/4/2016RBC Capital MarketsReiterated RatingSector Perform$28.00 -> $23.00View Rating Details
9/2/2016Barclays PLCLower Price TargetEqual Weight$21.00 -> $19.00View Rating Details
9/2/2016Piper Jaffray CompaniesDowngradeOverweight -> Neutral$27.00 -> $19.00View Rating Details
9/2/2016Royal Bank of CanadaLower Price TargetSector Perform$28.00 -> $23.00View Rating Details
6/28/2016Credit Suisse GroupReiterated RatingHold$24.00View Rating Details
6/9/2016Standpoint ResearchUpgradeHold -> Buy$27.00View Rating Details
6/8/2016SunTrust Banks, Inc.Lower Price TargetBuy$37.00 -> $24.00View Rating Details
6/8/2016Jefferies Group LLCReiterated RatingBuy$40.00View Rating Details
6/8/2016Monness Crespi & HardtDowngradeBuy -> NeutralView Rating Details
6/8/2016J P Morgan Chase & CoDowngradeOverweight -> Neutral$34.00 -> $24.00View Rating Details
6/8/2016Goldman Sachs Group, Inc. (The)Reiterated RatingNeutral$31.00 -> $28.00View Rating Details
1/21/2016Raymond James Financial, Inc.Lower Price TargetStrong-Buy$44.00 -> $31.00View Rating Details
12/14/2015Topeka Capital MarketsReiterated RatingBuy$41.00View Rating Details
9/5/2015Susquehanna Bancshares IncReiterated RatingBuyView Rating Details
6/5/2015Citigroup Inc.Boost Price TargetNeutral$38.00 -> $40.00View Rating Details
(Data available from 2/26/2015 forward)


Earnings History for Verifone Systems (NYSE:PAY)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
12/12/2016Q416$0.29$0.30$468.00 millionViewN/AView Earnings Details
9/1/2016Q316$0.40$0.42$515.44 million$493.00 millionViewN/AView Earnings Details
6/7/2016Q216$0.52$0.47$530.07 million$532.00 millionViewN/AView Earnings Details
3/10/2016Q116$0.46$0.48$501.22 million$514.00 millionViewListenView Earnings Details
12/14/2015Q415$0.48$0.49$513.65 million$514.10 millionViewListenView Earnings Details
9/3/2015Q315$0.46$0.47$510.00 millionViewListenView Earnings Details
6/4/2015Q215$0.42$0.44$488.67 million$490.00 millionViewListenView Earnings Details
3/10/2015Q115$0.41$0.44$483.25 million$486.00 millionViewListenView Earnings Details
12/15/2014Q414$0.09$0.44$491.00 millionViewListenView Earnings Details
9/4/2014Q314$0.35$0.40$458.90 million$476.00 millionViewListenView Earnings Details
6/5/2014Q214$0.33$0.33$443.42 million$467.00 millionViewListenView Earnings Details
3/11/2014Q114$0.27$0.31$429.60 million$436.00 millionViewListenView Earnings Details
12/17/2013Q4$0.26$0.27$421.50 million$432.00 millionViewListenView Earnings Details
9/5/2013Q3 2013$0.20$0.24$400.83 million$416.00 millionViewListenView Earnings Details
6/5/2013Q2 2013$0.47$0.42$440.29 million$430.00 millionViewListenView Earnings Details
12/13/20120.76$0.76$0.76$494.84 million$485.00 millionViewListenView Earnings Details
9/5/2012Q312$0.70$0.75$498.34 million$493.00 millionViewN/AView Earnings Details
5/24/2012$0.61$0.64ViewN/AView Earnings Details
3/5/2012$0.52$0.58ViewN/AView Earnings Details
12/14/2011$0.51$0.53ViewN/AView Earnings Details
9/6/2011$0.46$0.49ViewN/AView Earnings Details
6/2/2011$0.43$0.46ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Verifone Systems (NYSE:PAY)
Current Year EPS Consensus Estimate: $1.37 EPS
Next Year EPS Consensus Estimate: $1.63 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20163$0.37$0.38$0.38
Q2 20162$0.39$0.40$0.40
Q3 20164$0.31$0.50$0.44
Q4 20166$0.18$0.57$0.40
Q1 20176$0.10$0.31$0.16
Q2 20176$0.22$0.34$0.26
Q3 20176$0.29$0.33$0.31
Q4 20176$0.29$0.44$0.37
Q1 20181$0.19$0.19$0.19
Q2 20181$0.31$0.31$0.31
Q3 20181$0.38$0.38$0.38
Q4 20181$0.45$0.45$0.45
(Data provided by Zacks Investment Research)


Dividend History for Verifone Systems (NYSE:PAY)
No dividend announcements for this company have been tracked by

Insider Trades

Insider Trading History for Verifone Systems (NYSE:PAY)
Insider Ownership Percentage: 1.20%
Institutional Ownership Percentage: 91.81%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/29/2016Robert W AlspaughDirectorSell8,250$15.81$130,432.50View SEC Filing  
9/26/2016Eitan RaffDirectorSell4,125$16.13$66,536.25View SEC Filing  
12/29/2015Alok BhanotEVPSell994$28.74$28,567.56View SEC Filing  
11/23/2015Alok BhanotEVPSell1,700$28.54$48,518.00View SEC Filing  
10/28/2015Alok BhanotEVPSell1,700$30.22$51,374.00View SEC Filing  
9/29/2015Alok BhanotEVPSell1,700$26.86$45,662.00View SEC Filing  
8/24/2015Alok BhanotEVPSell1,700$29.61$50,337.00View SEC Filing  
6/24/2015Alok BhanotEVPSell1,700$35.50$60,350.00View SEC Filing  
6/23/2015Eitan RaffDirectorSell1,375$36.00$49,500.00View SEC Filing  
5/28/2015Alok BhanotEVPSell1,700$37.82$64,294.00View SEC Filing  
4/28/2015Alok BhanotEVPSell1,700$35.44$60,248.00View SEC Filing  
4/20/2015Sunil Aruna KappagodaEVPSell52,900$35.29$1,866,841.00View SEC Filing  
3/30/2015Alok BhanotEVPSell1,700$34.80$59,160.00View SEC Filing  
3/20/2015Robert W AlspaughDirectorSell8,625$36.04$310,845.00View SEC Filing  
2/25/2015Alok BhanotEVPSell1,700$36.03$61,251.00View SEC Filing  
2/13/2015Albert LiuEVPSell79,688$35.03$2,791,470.64View SEC Filing  
2/2/2015Bulent OzayazInsiderSell9,341$30.65$286,301.65View SEC Filing  
1/28/2015Alok BhanotEVPSell1,700$32.38$55,046.00View SEC Filing  
1/6/2015Jennifer MilesInsiderSell15,325$36.71$562,580.75View SEC Filing  
12/18/2014Robert W AlspaughDirectorSell10,000$37.09$370,900.00View SEC Filing  
11/3/2014Bulent OzayazInsiderSell9,341$37.23$347,765.43View SEC Filing  
10/28/2014Jennifer MilesInsiderSell9,949$36.53$363,436.97View SEC Filing  
10/27/2014Jennifer MilesInsiderSell63,646$35.54$2,261,978.84View SEC Filing  
8/19/2014Bulent OzayazInsiderSell17,045$35.25$600,836.25View SEC Filing  
8/7/2014Sunil Aruna KappagodaEVPSell84,650$33.18$2,808,687.00View SEC Filing  
5/1/2014Bulent OzayazInsiderSell18,975$33.35$632,816.25View SEC Filing  
1/28/2014Marc RothmanCFOBuy10,000$28.67$286,700.00View SEC Filing  
1/17/2014Douglas BergeronCEOSell1,826,834$27.56$50,347,545.04View SEC Filing  
10/3/2013Paul GalantCEOSell65,185$23.36$1,522,721.60View SEC Filing  
7/26/2013Richard A McginnCEOBuy20,000$17.76$355,200.00View SEC Filing  
7/10/2013Jeffrey E StieflerDirectorBuy27,900$17.89$499,131.00View SEC Filing  
6/25/2013Robert W AlspaughDirectorBuy5,000$16.78$83,900.00View SEC Filing  
6/14/2013Alex W HartDirectorBuy10,000$15.72$157,200.00View SEC Filing  
(Data available from 1/1/2013 forward)


Latest Headlines for Verifone Systems (NYSE:PAY)
News IconMarket Scanner: Checking the Levels for VeriFone Systems, Inc. (NYSE:PAY) - Providence Standard (NYSE:PAY) - February 24 at 4:41 PM
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News IconVerifone Systems, Inc. (NYSE:PAY) Rating Fixed At 2.39 - Stock Observer (NYSE:PAY) - February 19 at 6:08 PM
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News IconFiserv Posts 4Q Results and other Digital Transactions News briefs (NYSE:PAY) - February 10 at 1:37 AM
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News IconImpact Score Of Verifone Systems, Inc. (NYSE:PAY) At 85 - Stock Observer (NYSE:PAY) - February 9 at 8:37 PM
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News IconEquity Watch: Checking the Dials for VeriFone Systems, Inc. (NYSE:PAY) - The Standard (NYSE:PAY) - February 7 at 8:15 PM
News IconVerifone Systems, Inc. (NYSE:PAY) News Impact Score At 85 - Stock Observer (NYSE:PAY) - February 7 at 8:15 PM
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News IconThe Stock In Focus – Verifone Systems, Inc. (NYSE:PAY) - Transcript Daily (NYSE:PAY) - February 5 at 6:56 PM logoDeferred Tax Assets Of Verifone Systems, Inc. (NYSE:PAY) At $41.532 Millions - (NYSE:PAY) - February 4 at 7:08 PM
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News IconEarnings Forecast Research on Verifone Systems, Inc. (PAY) - Morning Outlook (NYSE:PAY) - February 1 at 8:45 PM logoVerifone to Report First Quarter Fiscal 2017 Results on March 9 (NYSE:PAY) - February 1 at 8:45 PM
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News IconAnalyst Stock Trading Research on Verifone Systems, Inc. (PAY) - Highland Mirror (NYSE:PAY) - January 27 at 12:27 AM
News IconStock Perspective: Verifone Systems, Inc. (NYSE:PAY) Company Earnings Watch - Aiken Advocate (NYSE:PAY) - January 25 at 11:28 PM
News IconVerifone Systems, Inc. (NYSE:PAY) Stock Price Target Given At $19.531 - Transcript Daily (NYSE:PAY) - January 25 at 11:28 PM
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What is Verifone Systems' stock symbol?

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

Where is Verifone Systems' stock going? Where will Verifone Systems' stock price be in 2017?

22 brokerages have issued 12-month target prices for Verifone Systems' stock. Their predictions range from $15.00 to $40.00. On average, they anticipate Verifone Systems' share price to reach $23.05 in the next twelve months.

When will Verifone Systems announce their earnings?

Verifone Systems is scheduled to release their next quarterly earnings announcement on Wednesday, March, 8th 2017.

What are analysts saying about Verifone Systems stock?

Here are some recent quotes from research analysts about Verifone Systems stock:

  • According to Zacks Investment Research, "VeriFone expects growth in EMV demand and accredited partnerships to boost financials in the long term. It remains optimistic about VeriFone Engage and Carbon iPOS offerings as well and expects restructuring activities to start generating significant savings over the long run. Plus, the estimates have largely remained stable ahead of its first quarter fiscal 2017 earnings release. Besides, the management gave a cautious outlook for fiscal 2017 on account of shift in EMV deadline and continued forex volatility. If we look at past one year performance, VeriFone shares have vastly underperformed the Zacks categorized Financial Transaction Services industry. " (2/14/2017)

  • Argus analysts commented, "VeriFone is increasing its focus on revenues from services, which accounted for 41 percent of total revenue in 3Q up from 35 percent a year earlier; however, systems revenue, including terminal sales, still accounts for the bulk of revenue. Given that management has lowered its sales and earnings guidance for several quarters, we believe that investors will need to regain confidence in the company's growth prospects before the shares can move higher." (9/6/2016)

  • Jefferies Group LLC analysts commented, "Adjusted EBITDA in F2Q16 of $187mln compares to $102mln in the 2Q15 period on 18% lower revenues y/y. NAV lowered their industry volume forecast by 20k, driving a reduction in the annual revenue outlook by $725mln in sales and $50mln in EBITDA. The 2H outlook still calls for a sequential revenue increase of 12% and EBITDA improvement of $47mln at the mid-point. Our Take: Market share remains elusive for NAV. However, the company is continuing to take cost out of the business and maintained the target to reduce costs by over $200mln in F2016. Adjusted EBITDA is anticipated to be in the range of $550-$600mln ($494mln in F2015). Should the company be able to realize improved volumes through new product introductions and other dealer driven actions, we believe there could be significant upside to both margins and EPS. NAV finished the quarter with manufacturing cash of $732mln (1Q16: $673mln) and anticipates finishing the year with a cash balance of roughly $800mln (prior: $900mln to $1.0bln). The company typically uses cash in 1H before generating cash in the back-half of the year." (6/8/2016)

Who owns Verifone Systems stock?

Verifone Systems' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Letko Brosseau & Associates Inc. (2.59%), State Street Corp (2.47%), Dimensional Fund Advisors LP (1.80%), Russell Investments Group Ltd. (0.96%), Roystone Capital Management LP (0.87%) and Renaissance Technologies LLC (0.56%). Company insiders that own Verifone Systems stock include Alok Bhanot, Eitan Raff, Robert W Alspaugh and Sunil Aruna Kappagoda.

Who sold Verifone Systems stock? Who is selling Verifone Systems stock?

Verifone Systems' stock was sold by a variety of institutional investors in the last quarter, including Loomis Sayles & Co. L P, NWQ Investment Management Company LLC, Oxford Asset Management, Cipher Capital LP, Federated Investors Inc. PA, State Street Corp, Commerzbank Aktiengesellschaft FI and Raymond James Financial Services Advisors Inc.. Company insiders that have sold Verifone Systems stock in the last year include Eitan Raff and Robert W Alspaugh.

Who bought Verifone Systems stock? Who is buying Verifone Systems stock?

Verifone Systems' stock was bought by a variety of institutional investors in the last quarter, including Letko Brosseau & Associates Inc., Russell Investments Group Ltd., Roystone Capital Management LP, Renaissance Technologies LLC, Dimensional Fund Advisors LP, Greenhouse Funds LLLP, A.R.T. Advisors LLC and Elkfork Partners LLC.

How do I buy Verifone Systems stock?

Shares of Verifone Systems can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Verifone Systems stock cost?

One share of Verifone Systems stock can currently be purchased for approximately $20.84.

Verifone Systems (NYSE:PAY) Chart for Sunday, February, 26, 2017

Institutional Ownership Chart

Institutional Ownership by Quarter for Verifone Systems (NYSE:PAY)

Earnings History Chart

Earnings by Quarter for Verifone Systems (NYSE:PAY)

Dividend History Chart

Dividend Payments by Quarter for Verifone Systems (NYSE:PAY)

Last Updated on 2/26/2017 by Staff