In today’s session VeriFone Systems Inc (PAY) registered an unusually high (110) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2016 call, expecting serious PAY increase. With 110 contracts traded and 774 open interest for the Jan, 16 contract, it seems this is a quite bullish bet. The option with symbol: PAY160115C00028000 closed last at: $1 or 0% . The stock decreased 2.22% or $0.6 during the last trading session, hitting $26.43. About 1.26M shares traded hands or 23.53% up from the average. VeriFone Systems Inc (NYSE:PAY) has declined 25.15% since May 8, 2015 and is downtrending. It has underperformed by 22.13% the S&P500.
Analysts await VeriFone Systems Inc (NYSE:PAY) to reports earnings on December, 21. They expect $0.40 EPS, up 11.11% or $0.04 from last year’s $0.36 per share. PAY’s profit will be $47.07M for 16.52 P/E if the $0.40 EPS becomes reality. After $0.38 actual EPS reported by VeriFone Systems Inc for the previous quarter, Wall Street now forecasts 5.26% EPS growth.
Out of 17 analysts covering Verifone Systems Inc. (NYSE:PAY), 17 rate it “Buy”, 0 “Sell”, while 3 “Hold”. This means 85% are positive. Verifone Systems Inc. was the topic in 17 analyst reports since August 5, 2015 according to StockzIntelligence Inc.
The institutional sentiment decreased to 1.19 in 2015 Q3. Its down 0.19, from 1.38 in 2015Q2. The ratio fall, as 49 funds sold all VeriFone Systems Inc shares owned while 85 reduced positions. 43 funds bought stakes while 117 increased positions. They now own 102.27 million shares or 8.17% less from 111.37 million shares in 2015Q2.
Lapides Asset Management Llc holds 3.49% of its portfolio in VeriFone Systems Inc for 731,900 shares. Guinness Atkinson Asset Management Inc owns 194,000 shares or 3.43% of their US portfolio. Moreover, Managed Asset Portfolios Llc has 2.02% invested in the company for 141,525 shares. The Wisconsin-based Netols Asset Management Inc. has invested 1.86% in the stock. Tamro Capital Partners Llc, a Virginia-based fund reported 581,855 shares.
VeriFone Systems, Inc. , formerly VeriFone Holdings, Inc. is a holding firm of VeriFone, Inc. The company has a market cap of $3.11 billion. The Firm is engaged in the secure electronic payment solutions. It has 42.09 P/E ratio. The Company’s 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.
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