Tuesday, 23 July, 2019

Francisco Partners to buy Verifone Systems Inc. for United States dollars 3.4 billion

Francisco Partners to buy Verifone Systems Inc. for United States dollars 3.4 billion Francisco Partners to buy Verifone Systems Inc. for United States dollars 3.4 billion
Russell Knight | 11 April, 2018, 07:28

However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -8.72%. (NYSE:PAY). Switzerland-based Swiss National Bank & Trust has invested 0% in VeriFone Systems, Inc. 40 funds took stakes and 73 increased stakes. Bank of New York Mellon Corp now owns 7,050,450 shares of the business services provider's stock valued at $124,863,000 after buying an additional 1,762,712 shares during the last quarter. The business's revenue for the quarter was up.0% on a year-over-year basis. research analysts forecast that VeriFone will post 1.21 EPS for the current year. First Mercantile Tru Co holds 15,080 shares or 0.05% of its portfolio. Deutsche Commercial Bank Ag has invested 0.01% of its portfolio in VeriFone Systems, Inc. About 1.32 million shares traded. Retirement Systems Of Alabama invested in 0.01% or 145,083 shs. Snow Capital Management LP now owns 3,882,926 shares of the business services provider's stock worth $68,767,000 after purchasing an additional 406,521 shares during the period. The stock of VeriFone Systems, Inc. Zacks Investment Research upgraded VeriFone from a "sell" rating to a "hold" rating and set a $20.00 price objective for the company in a report on Wednesday, March 14th. (NYSE:PAY) for 26,647 shs. (NASDAQ:FB). Segment Wealth Management Limited Liability Company invested 0.35% in Facebook, Inc. Pennsylvania-based Susquehanna Intl Gp Llp has invested 0% in VeriFone Systems, Inc. RBC Capital Markets maintained VeriFone Systems, Inc. They now have a $23.04 price target on the business services provider's stock. It was reported on April, 10 by Barchart.com. $1.66 billion is the market cap of Verifone Systems Inc. As per Wednesday, October 14, the company rating was maintained by Keefe Bruyette & Woods.

VeriFone shares were up almost 52% in Tuesday's session. According to a filing the fund decreased its stake in Centene Corp (NYSE:CNC) by 120,933 shares to 444,421 shares, valued at $44.83 million in 2017Q4. It has underperformed by 29.16% the S&P500. The legal version of this story can be viewed at 2016/12/13/verifone-systems-inc-pay-price-target-lowered-to-16-00-at-compass-point.html.

PAY has been the topic of a number of other reports. Sterneck Capital Management Llc sold 18,410 shares as the company's stock declined 11.73% with the market. VeriFone Systems has a 1-year low of $14.94 and a 1-year high of $29.73.

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Wall Street analysts are not convinced that VeriFone is worth the risk at this point, especially when taking note that TipRanks analytics exhibit PAY as a Hold. (NYSE:PAY), 10 have Buy rating, 1 Sell and 20 Hold. Finally, Pacific Crest reissued a "hold" rating on shares of VeriFone Systems in a research note on Wednesday, August 17th. 8 are the (NYSE:PAY)'s ratings reports on April 9, 2018 according to StockzIntelligence Inc. "Buy" rating has 2, "Sell" are 0, while 6 are "Hold". The stock has "Hold" rating by Barclays Capital on Friday, June 9. The company was maintained on Tuesday, November 14 by RBC Capital Markets. On Thursday, July 27 the stock rating was maintained by Pivotal Research with "Hold". During the same quarter in the prior year, the firm earned $0.49 earnings per share. Wedbush maintained the stock with "Outperform" rating in Thursday, February 4 report.

Francisco Partners-led investor group has agreed to acquire payments technology firm Verifone Systems for around $3.4bn. The firm also provides portable payment devices, including small, portable, and handheld devices that enable merchants to accept electronic payments wherever wireless connectivity is available; and mobile solutions that attach to and interface with iOS, Android, or Windows smartphones and tablets.

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