Zacks Rating on Verifone Systems (PAY)

Verifone Systems (PAY) : The consensus on Verifone Systems (PAY) based on 16 analyst recommendation on the company stock is 1.94, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Verifone Systems (PAY) : The consensus price target for Verifone Systems (PAY) is $25.39 for the short term with a standard deviation of $3.66. The most optimist securities analyst among the 13 who monitor the stock believes that the stock can reach $30, however, the pessimist price target for the company is $19.


Shares of VeriFone Systems, Inc. rose by 2.53% in the last five trading days and 1.41% for the last 4 weeks. VeriFone Systems, Inc. has dropped 27.24% during the last 3-month period . Year-to-Date the stock performance stands at -30.51%. Verifone Systems (NYSE:PAY): stock turned positive on Tuesday. Though the stock opened at $19.46, the bulls momentum made the stock top out at $19.6 level for the day. The stock recorded a low of $19.4 and closed the trading day at $19.47, in the green by 0.52%. The total traded volume for the day was 1,383,970. The stock had closed at $19.37 in the previous days trading.

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.

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