Verifone Systems, Inc. (PAY) Files Form 4 Insider Selling : Eitan Raff Sells 4,125 Shares

Verifone Systems, Inc. (PAY): Eitan Raff , director of Verifone Systems, Inc. sold 4,125 shares on Sep 26, 2016. The Insider selling transaction was reported by the company on Sep 28, 2016 to the Securities and Exchange Commission. The shares were sold at $16.13 per share for a total value of $66,536.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 30, 2015, Alok Bhanot (EVP, Engineering & CTO) sold 994 shares at $28.74 per share price.On Jun 25, 2015, Eitan Raff (director) sold 1,375 shares at $36.00 per share price.Also, On Apr 22, 2015, Sunil Aruna Kappagoda (President, ASPAC & EVP) sold 52,900 shares at $35.29 per share price.On Apr 8, 2015, Jennifer Miles (President, Verifone Americas) sold 800 shares at $33.94 per share price.

Shares of VeriFone Systems Inc (PAY) ended Tuesday, Sep 27, 2016 session in red amid volatile trading. The shares closed down -0.15 points or -0.93% at $15.95 with 17,03,487 shares getting traded. Post opening the session at $16.1, the shares hit an intraday low of $15.95 and an intraday high of $16.26 and the price vacillated in this range throughout the day. The company has a market cap of $1,770 M and the number of outstanding shares has been calculated to be 11,09,72,846 shares. The 52-week high of VeriFone Systems Inc is $31.24 and the 52-week low is $15.46.

VeriFone Systems Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.VeriFone Systems Inc is Downgraded by Imperial Capital to In-line while Lowering the Price Target of the company shares to $ 18 from a previous price target of $24 . Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Sep 12, 2016.VeriFone Systems Inc is Reiterated by Deutsche Bank to Hold while Lowering the Price Target of the company shares to $ 15 from a previous price target of $19 . The Rating was issued on Sep 2, 2016.VeriFone Systems Inc is Downgraded by Piper Jaffray to Neutral. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Sep 2, 2016.VeriFone Systems Inc is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 23 from a previous price target of $28 . The Rating was issued on Sep 2, 2016.VeriFone Systems Inc is Reiterated by Stifel to Buy while Lowering the Price Target of the company shares to $ 18 from a previous price target of $26 . The Rating was issued on Sep 2, 2016.

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 Company’s 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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