Traders Sell Shares of VeriFone Systems (PAY) on Strength (PAY)

Investors sold shares of VeriFone Systems Inc (NYSE:PAY) on strength during trading on Monday. $4.44 million flowed into the stock on the tick-up and $22.37 million flowed out of the stock on the tick-down, for a money net flow of $17.93 million out of the stock. Of all stocks tracked, VeriFone Systems had the 24th highest net out-flow for the day. VeriFone Systems traded up $0.04 for the day and closed at $22.85

Several research analysts recently commented on PAY shares. Zacks Investment Research raised VeriFone Systems from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, March 27th. TheStreet raised VeriFone Systems from a “d+” rating to a “c-” rating in a research note on Monday, April 16th. Standpoint Research downgraded VeriFone Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, April 10th. Craig Hallum downgraded VeriFone Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, April 10th. Finally, SunTrust Banks downgraded VeriFone Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, April 10th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company’s stock. VeriFone Systems currently has an average rating of “Hold” and a consensus price target of $21.34.

The company has a market capitalization of $2.53 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 1.25 and a beta of 1.66. The company has a quick ratio of 1.22, a current ratio of 1.46 and a debt-to-equity ratio of 1.09.

Several institutional investors and hedge funds have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd acquired a new stake in shares of VeriFone Systems in the 1st quarter worth $2,501,000. Principal Financial Group Inc. increased its stake in shares of VeriFone Systems by 1.0% in the 1st quarter. Principal Financial Group Inc. now owns 478,791 shares of the business services provider’s stock worth $7,364,000 after acquiring an additional 4,940 shares during the last quarter. Summit Trail Advisors LLC increased its stake in shares of VeriFone Systems by 1,471.0% in the 1st quarter. Summit Trail Advisors LLC now owns 244,441 shares of the business services provider’s stock worth $244,000 after acquiring an additional 228,881 shares during the last quarter. Wesbanco Bank Inc. acquired a new stake in shares of VeriFone Systems in the 1st quarter worth $714,000. Finally, Xact Kapitalforvaltning AB increased its stake in shares of VeriFone Systems by 27.9% in the 1st quarter. Xact Kapitalforvaltning AB now owns 15,583 shares of the business services provider’s stock worth $240,000 after acquiring an additional 3,400 shares during the last quarter.

VeriFone Systems Company Profile

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.

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