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

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$23.03 0.00 (0.00 %)
(As of 09/21/2018 04:00 PM ET)
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 Capitalization$2.55 billion
P/E Ratio24.24
Dividend YieldN/A
Beta1.45
VeriFone Systems logoVeriFone 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

Stock Exchange NYSE
Industry Calculating & accounting equipment
Sub-IndustryData Processing & Outsourced Services
SectorBusiness Services
SymbolNYSE:PAY
CUSIP92342Y10
Phone408-232-7800

Debt

Debt-to-Equity Ratio1.09
Current Ratio1.46
Quick Ratio1.22

Price-To-Earnings

Trailing P/E Ratio24.24
Forward P/E RatioN/A
P/E Growth1.27

Sales & Book Value

Annual Sales$1.87 billion
Price / Sales1.36
Cash Flow$2.5169 per share
Price / Cash9.15
Book Value$6.99 per share
Price / Book3.29

Profitability

EPS (Most Recent Fiscal Year)$0.95
Net Income$-173,820,000.00
Net Margins-4.27%
Return on Equity13.72%
Return on Assets4.60%

Miscellaneous

Employees5,600
Outstanding Shares110,740,000
Market Cap$2.55 billion

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 declared that its Board of Directors has initiated a share repurchase plan on Wednesday, December 13th 2017, which allows the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

How were VeriFone Systems' earnings last quarter?

VeriFone Systems Inc (NYSE:PAY) announced its quarterly earnings data on Thursday, March, 8th. The business services provider reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.25 by $0.02. The business services provider had revenue of $425 million for the quarter, compared to analysts' expectations of $419.43 million. VeriFone Systems had a negative net margin of 4.27% and a positive return on equity of 13.72%. The company's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the company posted $0.21 EPS. View VeriFone Systems' Earnings History.

What price target have analysts set for PAY?

14 Wall Street analysts have issued twelve-month target prices for VeriFone Systems' shares. Their forecasts range from $21.00 to $23.04. On average, they anticipate VeriFone Systems' share price to reach $22.2971 in the next year. This suggests that the stock has a possible downside of 3.2%. View Analyst Price Targets for VeriFone Systems.

What is the consensus analysts' recommendation for VeriFone Systems?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for VeriFone Systems in the last year. There are currently 12 hold ratings and 2 buy 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)
  • 3. Tigress Financial analysts commented, "Well Positioned for the Next Era of Big Data We are initiating coverage of Cloudera with a BUY rating and 12-month price target of $24.00. In our view, Cloudera represents a high-growth play on the next-generation IT architecture required by leading organizations with a focus on the Big Data trend, leveraging new AI capabilities and riding the open source software phenomenon. Similar to other next-generation software companies we have covered over the years, we believe the Street is still trying to better understand Cloudera and the valuation remains reasonable for a high-growth company, opening up attractive upside potential for the stock in 2018. Leveraging enterprise-grade Apache Hadoop, Apache Spark and other open source software technologies, combined with proprietary innovations, Cloudera has evolved into a Big Data platform that supports machine learning, analytics and the cloud." (12/19/2017)

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

Who are VeriFone Systems' major shareholders?

VeriFone Systems' stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.94%), Fuller & Thaler Asset Management Inc. (4.18%), Water Island Capital LLC (2.79%), Gardner Lewis Asset Management L P (2.38%), Pzena Investment Management LLC (1.91%) and Northern Trust Corp (1.52%). Company insiders that own VeriFone Systems stock include Eitan Raff and Robert W Alspaugh. View Institutional Ownership Trends for VeriFone Systems.

Which major investors are selling VeriFone Systems stock?

PAY stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Bank of New York Mellon Corp, Millennium Management LLC, American Century Companies Inc., Jane Street Group LLC, ZWJ Investment Counsel Inc., Pzena Investment Management LLC and Russell Investments Group Ltd.. View Insider Buying and Selling for VeriFone Systems.

Which major investors are buying VeriFone Systems stock?

PAY stock was purchased by a variety of institutional investors in the last quarter, including Water Island Capital LLC, Gardner Lewis Asset Management L P, Alpine Associates Management Inc., LMR Partners LLP, Gabelli Funds LLC, Chicago Capital Management LLC, GABELLI & Co INVESTMENT ADVISERS INC. and Arrowgrass Capital Partners US LP. View Insider Buying and Selling for VeriFone Systems.

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' stock price today?

One share of PAY stock can currently be purchased for approximately $23.03.

How big of a company is VeriFone Systems?

VeriFone Systems has a market capitalization of $2.55 billion and generates $1.87 billion in revenue each year. The business services provider earns $-173,820,000.00 in net income (profit) each year or $0.95 on an earnings per share basis. VeriFone Systems employs 5,600 workers across the globe.

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:  547 (Vote Outperform)
Underperform Votes:  631 (Vote Underperform)
Total Votes:  1,178
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 9/22/2018 by MarketBeat.com Staff

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