VeriFone Systems (NYSE:PAY) Given Daily Coverage Optimism Score of 0.11

News articles about VeriFone Systems (NYSE:PAY) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. VeriFone Systems earned a news impact score of 0.11 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 46.0981851969288 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news headlines that may have effected Accern’s rankings:

VeriFone Systems (NYSE:PAY) opened at $18.35 on Friday. VeriFone Systems has a 1 year low of $16.80 and a 1 year high of $21.48. The company has a market cap of $2,083.49, a P/E ratio of 19.52, a P/E/G ratio of 1.48 and a beta of 1.96. The company has a current ratio of 1.33, a quick ratio of 1.09 and a debt-to-equity ratio of 0.97.

VeriFone Systems (NYSE:PAY) last announced its quarterly earnings data on Tuesday, December 12th. The business services provider reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.01. The firm had revenue of $477.00 million for the quarter, compared to the consensus estimate of $472.33 million. VeriFone Systems had a negative net margin of 9.29% and a positive return on equity of 13.52%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share. equities analysts anticipate that VeriFone Systems will post 1.2 EPS for the current fiscal year.

VeriFone Systems announced that its board has approved a stock buyback program on Tuesday, December 12th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the business services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

A number of research firms have issued reports on PAY. Argus reissued a “hold” rating on shares of VeriFone Systems in a research note on Tuesday, December 26th. Tigress Financial restated a “buy” rating on shares of VeriFone Systems in a research report on Tuesday, December 19th. Zacks Investment Research downgraded shares of VeriFone Systems from a “hold” rating to a “strong sell” rating in a research report on Monday, December 18th. Barclays restated a “hold” rating and set a $21.00 price target on shares of VeriFone Systems in a research report on Friday, December 15th. Finally, Credit Suisse Group boosted their price target on shares of VeriFone Systems from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 13th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $20.02.

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VeriFone Systems Company Profile

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.

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