November 24, 2016 - By Vivian Park
numis have a GBX 879.00 price target on the stock. The price target would suggest a potential downside of -15.48% from Paypoint (LON:PAY)‘s last stock price. This rating was disclosed in an analyst note on Thursday, 24 November.
Out of 7 analysts covering PayPoint PLC (LON:PAY), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. GBX 1400 is the highest target while GBX 841 is the lowest. The GBX 1005.71 average target is -3.30% below today’s (GBX 1040) stock price. PayPoint PLC has been the topic of 42 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Monday, February 1 by Liberum Capital. As per Thursday, May 26, the company rating was maintained by Numis Securities. Liberum Capital maintained the shares of PAY in a report on Friday, January 15 with “Buy” rating. The company was maintained on Wednesday, September 21 by Liberum Capital. The firm earned “Buy” rating on Friday, January 22 by Jefferies. Liberum Capital maintained the shares of PAY in a report on Friday, September 30 with “Buy” rating. JP Morgan maintained the shares of PAY in a report on Tuesday, May 31 with “Neutral” rating. The firm earned “Buy” rating on Thursday, November 26 by Canaccord Genuity. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, December 3 report. Liberum Capital maintained Paypoint plc (LON:PAY) rating on Thursday, September 15. Liberum Capital has “Buy” rating and GBX 1000 price target.
The stock closed at GBX 1040 during the last session. It is down 19.54% since April 26, 2016 and is uptrending. It has outperformed by 14.13% the S&P500.
Analysts await VeriFone Systems Inc (NYSE:PAY) to report earnings on December, 12 after the close. They expect $0.20 EPS, down 55.56% or $0.25 from last year’s $0.45 per share. PAY’s profit will be $22.20M for 22.19 P/E if the $0.20 EPS becomes a reality. After $0.33 actual EPS reported by VeriFone Systems Inc for the previous quarter, Wall Street now forecasts -39.39% negative EPS growth.
Insitutional Activity: The institutional sentiment increased to 1.24 in 2016 Q2. Its up 0.17, from 1.07 in 2016Q1. The ratio improved, as 52 funds sold all Paypoint plc shares owned while 82 reduced positions. 42 funds bought stakes while 101 increased positions. They now own 97.67 million shares or 6.71% less from 104.70 million shares in 2016Q1.
Highbridge Mngmt Ltd Liability Com has 0.03% invested in the company for 89,987 shares. Earnest Ptnrs Limited Liability Company, a Georgia-based fund reported 620 shares. Dimensional Fund Advisors Limited Partnership owns 1.83 million shares or 0.02% of their US portfolio. Assetmark accumulated 0% or 98 shares. Morgan Stanley holds 0.01% or 1.71M shares in its portfolio. Deutsche Financial Bank Ag, a Germany-based fund reported 1.24 million shares. The United Kingdom-based Barclays Public Limited Com has invested 0% in Paypoint plc (LON:PAY). Buckhead Capital Mngmt Limited Liability Com accumulated 142,780 shares or 0.48% of the stock. Catalyst Cap Advisors Ltd accumulated 26,000 shares or 0.09% of the stock. Liberty Mutual Gp Asset Mngmt Inc last reported 0.03% of its portfolio in the stock. First Mercantile Tru holds 0.02% or 9,248 shares in its portfolio. Wellington Mngmt Grp Ltd Liability Partnership last reported 0.02% of its portfolio in the stock. Bogle Inv Management Lp De holds 0.9% of its portfolio in Paypoint plc (LON:PAY) for 700,119 shares. Archford Cap Strategies Ltd Company holds 0% of its portfolio in Paypoint plc (LON:PAY) for 102 shares. Howland Capital Ltd Liability Com holds 144,234 shares or 0.25% of its portfolio.
PayPoint plc is a United Kingdom-based holding company. The company has a market cap of 708.49 million GBP. The Company’s subsidiaries provide specialist consumer payment, and other services and products, transaction processing and settlement. It currently has negative earnings. It offers clients streamlined consumer payment processing and transaction routing in an integrated solution, through MultiPay.
According to Zacks Investment Research, “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.”
VeriFone Systems, Inc. (VeriFone), formerly VeriFone Holdings, Inc., incorporated on June 13, 2002, is a holding firm of VeriFone, Inc. The Firm is engaged in the secure electronic payment solutions. It provides solutions, and services for the financial services, retail, petroleum, restaurant, hospitality, taxi, transportation, and healthcare markets. 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. The Company’s system solutions process a range of payment types. They include signature and personal identification number (PIN) debit cards, credit cards, contactless/radio frequency identification (RFID) cards and tokens, Near Field Communication (NFC), enabled mobile phones, smart cards, pre-paid gift and other stored-value cards, electronic bill payment, check authorization and conversion, signature capture, and electronic benefits transfer (EBT). The Companyâ€™s electronic payment systems are available in several modular configurations, offering its support to a range of connectivity options. It also offers clients technical support for installed payment systems, consulting services, and project management services for system deployment, and customization of integrated software solutions.
More recent Paypoint plc (LON:PAY) news were published by: Fool.Co.Uk which released: “Are 5% Dividend Yields Safe At Paypoint plc, Weir Group PLC And Vodafone Group …” on January 28, 2016. Also Fool.Co.Uk published the news titled: “Why Monitise Plc, Paypoint plc And Optimal Payments Plc Can Only Grow From Here” on May 07, 2015. Fool.Co.Uk‘s news article titled: “5 FTSE 250 Fireworks! Bellway plc, Cineworld Group plc, Paypoint plc, DS Smith …” with publication date: February 25, 2016 was also an interesting one.
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By Vivian Park