About Verifone Systems
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. 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
- Previous Close: $19.55
- 50 Day Moving Average: $18.58
- 200 Day Moving Average: $17.47
- 52-Week Range: $14.94 - $29.73
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 11.99
- P/E Growth: 8.89
- Market Cap: $2.18B
- Outstanding Shares: 111,309,000
- Beta: 1.94
- Net Margins: -0.46%
- Return on Equity: 16.78%
- Return on Assets: 5.66%
Companies Related to Verifone Systems:
- Debt-to-Equity Ratio: 1.01%
- Current Ratio: 1.41%
- Quick Ratio: 1.08%
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 brokers have issued 12 month target prices for Verifone Systems' stock. Their predictions range from $15.00 to $40.00. On average, they expect 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 retail and institutional 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 purchased 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 $19.55.