November 24, 2016 - By Ruchi Gupta
In an analyst report issued to clients and investors on Thursday, 24 November, PayPoint PLC (LON:PAY) stock Buy was restate by Analysts at Canaccord Genuity. They currently have a GBX 1162.00 price target on the stock. Canaccord Genuity’s price target would indicate a potential upside of 10.88% from the company’s current stock price.
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 -5.02% below today’s (GBX 1058.92) stock price. PayPoint PLC has been the topic of 42 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Paypoint plc (LON:PAY) has “Buy” rating given on Thursday, September 15 by Liberum Capital. Barclays Capital downgraded the shares of PAY in a report on Friday, January 8 to “Underweight” rating. The firm has “Hold” rating given on Wednesday, August 12 by Liberum Capital. Numis Securities maintained it with “Hold” rating and GBX 879 target price in Thursday, March 24 report. The rating was maintained by Barclays Capital on Friday, July 29 with “Equal Weight”. Jefferies maintained Paypoint plc (LON:PAY) rating on Friday, January 22. Jefferies has “Buy” rating and GBX 1100 price target. The rating was maintained by Barclays Capital with “Equal Weight” on Friday, November 27. The company was maintained on Friday, January 29 by JP Morgan. The firm has “Buy” rating by Canaccord Genuity given on Thursday, December 3. The stock of Paypoint plc (LON:PAY) earned “Equal-Weight” rating by Barclays Capital on Monday, October 17.
About 12,379 shares traded hands. Paypoint plc (LON:PAY) has risen 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 $22.20 million 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 Q2 2016. Its up 0.17, from 1.07 in 2016Q1. The ratio increased, 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.
Glenmede Trust Company Na reported 777 shares or 0% of all its holdings. Old Second National Bank Of Aurora accumulated 0% or 400 shares. Fifth Third National Bank & Trust accumulated 383 shares or 0% of the stock. Frontier Company Lc holds 0.03% of its portfolio in Paypoint plc (LON:PAY) for 197,948 shares. North Star Mngmt accumulated 100 shares or 0% of the stock. Moreover, Financial Architects Incorporated has 0.02% invested in Paypoint plc (LON:PAY) for 4,220 shares. The Massachusetts-based Grt Prtn Ltd Liability Corporation has invested 0.07% in Paypoint plc (LON:PAY). Catalyst Ltd Liability Com owns 26,000 shares or 0.09% of their US portfolio. Schwab Charles has invested 0.01% of its portfolio in Paypoint plc (LON:PAY). Bogle Invest Lp De has 0.9% invested in the company for 700,119 shares. Ig Investment Management Limited holds 0% of its portfolio in Paypoint plc (LON:PAY) for 30,221 shares. Dreman Value L L C accumulated 0% or 369 shares. Moreover, Credit Suisse Ag has 0.01% invested in Paypoint plc (LON:PAY) for 312,836 shares. State Street has 0.01% invested in the company for 2.71M shares. Timber Hill Ltd Co holds 43,602 shares or 0% of its portfolio.
PayPoint plc is a United Kingdom-based holding company. The company has a market cap of 721.38 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 important recent Paypoint plc (LON:PAY) news were published by: Globenewswire.com which released: “PayPoint plc : Dividend Declaration” on November 24, 2016, also Reuters.com published article titled: “UK’s PayPoint first-half profit rises 16 pct”, Fool.Co.Uk published: “Are 5% Dividend Yields Safe At Paypoint plc, Weir Group PLC And Vodafone Group …” on January 28, 2016. More interesting news about Paypoint plc (LON:PAY) was released by: Fool.Co.Uk and their article: “Why Monitise Plc, Paypoint plc And Optimal Payments Plc Can Only Grow From Here” with publication date: May 07, 2015.
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By Ruchi Gupta