Rating Change: Barclays Capital Analyst Reaffirmed GBX 1030.00 Price Target on PayPoint PLC (LON:PAY) stock, While Reiterating “Equal weight” Rating

November 25, 2016 - By Marie Mckinney

PayPoint PLC (LON:PAY) Rating

The company have set target of GBX 1030.00 on PayPoint PLC (LON:PAY) shares. This is -2.04% from the last close price. In analysts report made public on 25 November, Barclays Capital reconfirmed their “Equal weight” rating on shares of PAY.

Paypoint plc (LON:PAY) Ratings Coverage

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 1019.86 average target is -1.08% below today’s (GBX 1031) stock price. PayPoint PLC has been the topic of 45 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Paypoint plc (LON:PAY) has “Buy” rating given on Friday, September 30 by Liberum Capital. The company was maintained on Thursday, November 24 by Numis Securities. Liberum Capital upgraded Paypoint plc (LON:PAY) rating on Friday, November 27. Liberum Capital has “Buy” rating and GBX 1000 price target. The firm has “Hold” rating given on Thursday, September 29 by Numis Securities. The firm has “Underweight” rating by Barclays Capital given on Friday, January 29. Barclays Capital maintained Paypoint plc (LON:PAY) rating on Monday, October 12. Barclays Capital has “Equal Weight” rating and GBX 850 price target. The rating was downgraded by Barclays Capital to “Underweight” on Friday, January 8. Barclays Capital maintained it with “Equal Weight” rating and GBX 890 target price in Friday, July 29 report. The firm earned “Buy” rating on Monday, February 1 by Liberum Capital. The firm earned “Hold” rating on Thursday, May 26 by Numis Securities.

About 3,444 shares traded hands. Paypoint plc (LON:PAY) has risen 18.86% since April 28, 2016 and is uptrending. It has outperformed by 13.45% 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 $22.31 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 is positive, 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.

Envestnet Asset Management last reported 0% of its portfolio in the stock. Jacobs Levy Equity Inc last reported 892,375 shares in the company. United Serv Automobile Association has invested 0.05% of its portfolio in Paypoint plc (LON:PAY). The Florida-based Raymond James Associate has invested 0.01% in Paypoint plc (LON:PAY). Shell Asset Com has invested 0.24% of its portfolio in Paypoint plc (LON:PAY). Exane Derivatives owns 1 shares or 0% of their US portfolio. Oakbrook Invs Limited has 11,300 shares for 0.01% of their US portfolio. Seven Eight Cap Ltd has 46,009 shares for 0.29% of their US portfolio. Kalmar De, a Delaware-based fund reported 732,895 shares. Manufacturers Life Ins The last reported 148,906 shares in the company. Managed Asset Portfolios Ltd Liability Corporation has 209,890 shares for 1.71% of their US portfolio. Westport Res owns 15,283 shares or 0.09% of their US portfolio. Train Babcock Limited Liability owns 37,283 shares or 0.27% of their US portfolio. Liberty Mutual Group Asset Inc last reported 0.03% of its portfolio in the stock. Credit Suisse Ag owns 312,836 shares or 0.01% of their US portfolio.

PayPoint plc is a United Kingdom-based holding company. The company has a market cap of 702.36 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.”

PAY Company Profile

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 Company’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: Globenewswire.com which released: “PayPoint plc : Dividend Declaration” on November 24, 2016. Also Fool.Co.Uk published the news titled: “Are 5% Dividend Yields Safe At Paypoint plc, Weir Group PLC And Vodafone Group …” on January 28, 2016. Fool.Co.Uk‘s news article titled: “Why Monitise Plc, Paypoint plc And Optimal Payments Plc Can Only Grow From Here” with publication date: May 07, 2015 was also an interesting one.

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