Verifone Systems, Inc.s in-depth stock price analysis indicates that the stock price has rallied 10.27% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -0.31% . Looking at the past 52 week period, the stock price is down -8.13% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Verifone Systems, Inc. has a negative value of -37.22 compared to overall market performance. Verifone Systems, Inc. (NYSE:PAY) has climbed 4.69% in the past week and advanced 6% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.84% and the outperformance has advanced to 4.1% for the last 4 weeks period.
Verifone Systems, Inc. (NYSE:PAY) : On Friday heightened volatility was witnessed in Verifone Systems, Inc. (NYSE:PAY) which led to swings in the share price. The stock opened for trading at $19.37 and hit $19.62 on the upside , eventually ending the session at $19.44, with a gain of 0.73% or 0.14 points. The heightened volatility saw the trading volume jump to 1,549,946 shares. The 52-week high of the share price is $29.73 and the company has a market cap of $2,169 million. The 52-week low of the share price is at $14.94 .
VeriFone Systems Inc Last issued its quarterly earnings results on Dec 12, 2016. The company reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.29. The company had revenue of $468.00 million for the quarter, compared to analysts expectations of $461.69 million. The companys revenue was down -9.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.49 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.VeriFone Systems Inc was Reiterated by Compass Point on Dec 13, 2016 to Neutral, Lowers Price Target to $ 16 from a previous price target of $17.50 .VeriFone Systems Inc was Downgraded by Stifel on Dec 2, 2016 to Hold, Lowers Price Target to $ 15 from a previous price target of $18 .
Company has reported several Insider transactions to the SEC, on Sep 30, 2016, Robert W Alspaugh (director) sold 8,250 shares at 15.81 per share price.On Sep 28, 2016, Eitan Raff (director) sold 4,125 shares at 16.13 per share price.On Dec 30, 2015, Alok Bhanot (EVP, Engineering & CTO) sold 994 shares at 28.74 per share price.
VeriFone Systems, Inc. offers secure electronic payment solutions. The company provides solutions and services to the financial, retail, hospitality, petroleum, transportation, government and healthcare vertical markets. VeriFone Systems, Inc., formerly known as VeriFone Holdings, Inc., is headquartered in San Jose, California.