Somewhat Favorable Press Coverage Somewhat Unlikely to Impact VeriFone Systems (PAY) Share Price

News headlines about VeriFone Systems (NYSE:PAY) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. VeriFone Systems earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 46.0856637313215 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the media headlines that may have impacted Accern’s rankings:

Several research firms have weighed in on PAY. Barclays reiterated a “hold” rating and issued a $22.00 target price on shares of VeriFone Systems in a report on Friday, September 29th. Zacks Investment Research upgraded shares of VeriFone Systems from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Argus reiterated a “hold” rating on shares of VeriFone Systems in a report on Tuesday, December 26th. UBS Group lowered shares of VeriFone Systems from a “strong-buy” rating to an “outperform” rating in a report on Thursday, November 16th. Finally, Raymond James Financial lowered shares of VeriFone Systems from a “strong-buy” rating to an “outperform” rating and decreased their target price for the company from $25.00 to $22.00 in a report on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $20.02.

VeriFone Systems (PAY) traded down $0.19 during trading on Monday, hitting $18.35. 867,000 shares of the stock were exchanged, compared to its average volume of 1,167,933. The stock has a market cap of $2,060.00, a P/E ratio of -11.84, a price-to-earnings-growth ratio of 1.46 and a beta of 1.96. VeriFone Systems has a twelve month low of $16.80 and a twelve month high of $21.48. The company has a quick ratio of 1.09, a current ratio of 1.33 and a debt-to-equity ratio of 0.97.

VeriFone Systems (NYSE:PAY) last released its quarterly earnings results on Tuesday, December 12th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $477.00 million for the quarter, compared to the consensus estimate of $472.33 million. VeriFone Systems had a negative net margin of 9.29% and a positive return on equity of 13.52%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. equities research analysts forecast that VeriFone Systems will post 1.2 earnings per share for the current year.

VeriFone Systems announced that its board has initiated a share repurchase plan on Tuesday, December 12th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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About VeriFone Systems

VeriFone Systems, Inc offers payments and commerce solutions. The Company is engaged in designing, manufacturing, marketing and supplying a range of payment solutions and complementary services. It provides solutions and services for the retail point-of-sale (POS) that enable various forms of commerce.

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