Verifone Systems (PAY): Price Target and June Short Interest Disclosure

Verifone Systems (PAY) : 15 Wall Street analysts covering Verifone Systems (PAY) believe that the average level the stock could reach for the short term is $27.2. The maximum price target given is $42 and the minimum target for short term is around $19, hence the standard deviation is calculated at $5.98.

Verifone Systems (PAY) reported a rise of 2.3% or 138,157 shares in its short interest. The short figure came in at 5.7% of the total floats. The average daily volume of 3,650,478 shares suggests that the days to cover 6,277,553 short positions, as on June 30,2016, will be 2. On June 15,2016, the short interest was 6,139,396 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Barclays maintains the rating on Verifone Systems (NYSE:PAY). The brokerage firm has issued a Equalweight rating on the shares. The Analysts at the ratings agency lowers the price target from $23 per share to $21 per share. The rating by the firm was issued on July 7, 2016.


Verifone Systems (NYSE:PAY): On Thursdays trading session , Opening price of the stock was $18.95 with an intraday high of $19.0182. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $18.55. However, the stock managed to close at $18.6, a loss of 0.64% for the day. On the previous day, the stock had closed at $18.72. The total traded volume of the day was 2,890,059 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.