Verifone Systems (NYSE:PAY) has tumbled 4.48% during the past week and has dropped 28.18% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.33%. Verifone Systems (NYSE:PAY) has underperformed the index by 28.84% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Verifone Systems (NYSE:PAY): The stock opened at $18.98 on Friday but the bulls could not build on the opening and the stock topped out at $19.07 for the day. The stock traded down to $18.75 during the day, due to lack of any buying support eventually closed down at $18.78 with a loss of -1.16% for the day. The stock had closed at $19.00 on the previous day. The total traded volume was 3,012,794 shares.
The company shares have dropped -47.63% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $36.34 and the one year low was seen on Jun 16, 2016. The 50-Day Moving Average price is $25.22 and the 200 Day Moving Average price is recorded at $25.86.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP, Engineering & CTO) of Verifone Systems, Inc., Bhanot Alok had sold 994 shares worth of $28,568 in a transaction dated December 29, 2015. In this transaction, 994 shares were sold at $28.74 per share.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Standpoint Research upgrades its ratings on Verifone Systems (NYSE:PAY). According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on June 9, 2016. Currently the company Insiders own 1.2% of Verifone Systems shares according to the proxy statements. Institutional Investors own 97.9% of Verifone Systems shares.
VeriFone Systems, Inc. (VeriFone), formerly VeriFone Holdings, Inc. is a holding company of VeriFone, Inc. The Company is engaged in the secure electronic payment solutions. Its system solutions consist of point of sale (POS) electronic payment devices that run its and third-party operating systems, security and encryption software, and certified payment software, as well as other third-party value-added applications. Its system solutions process a range of payment types. The Companys electronic payment systems are available in several modular configurations, offering its support to a range of connectivity options. The Company also offers customers technical support for installed payment systems, consulting services, and project management services for system deployment, and customization of integrated software solutions. It provides solutions, and services for the financial services, retail, petroleum, restaurant, hospitality, taxi, transportation, and healthcare markets.