News articles about VeriFone Systems (NYSE:PAY) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. VeriFone Systems earned a news impact score of 0.17 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 46.3649278790269 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
PAY has been the subject of several research reports. Tigress Financial reaffirmed a “buy” rating on shares of VeriFone Systems in a report on Tuesday, December 19th. Raymond James Financial lowered shares of VeriFone Systems from a “strong-buy” rating to an “outperform” rating in a report on Sunday, November 26th. Credit Suisse Group lifted their price target on shares of VeriFone Systems from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, December 13th. Argus reaffirmed a “hold” rating on shares of VeriFone Systems in a report on Tuesday, December 26th. Finally, Zacks Investment Research lowered shares of VeriFone Systems from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $20.02.
Shares of VeriFone Systems (NYSE:PAY) opened at $17.27 on Friday. The firm has a market cap of $1,880.00, a PE ratio of -11.14, a P/E/G ratio of 1.81 and a beta of 1.79. VeriFone Systems has a 52-week low of $16.80 and a 52-week high of $21.48. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.33 and a quick ratio of 1.09.
VeriFone Systems announced that its board has approved a share repurchase program on Tuesday, December 12th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.
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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