Rating Flow: Analysts at JP Morgan Cazenove Kept the Same their Neutral rating for PayPoint PLC (LON:PAY) with GBX 1051.00 TP

November 25, 2016 - By Peter Kolinski

PayPoint PLC (LON:PAY) Rating

PayPoint PLC (LON:PAY) had its stock rating noted as Neutral by analysts at JP Morgan Cazenove. JP Morgan Cazenove currently has a GBX 1051.00 target price on the 709.04 million GBP market cap company or 1.11% upside potential. This was revealed to clients and investors in a research note on Friday, 25 November.

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 -2.01% below today’s (GBX 1040.81) 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) earned “Hold” rating by Liberum Capital on Wednesday, August 12. JP Morgan maintained it with “Neutral” rating and GBX 877 target price in Tuesday, May 31 report. The rating was maintained by Canaccord Genuity on Thursday, December 3 with “Buy”. The stock has “Hold” rating given by Numis Securities on Thursday, March 24. As per Friday, November 27, the company rating was upgraded by Liberum Capital. As per Thursday, September 15, the company rating was maintained by Liberum Capital. The firm earned “Neutral” rating on Friday, July 29 by JP Morgan. The company was maintained on Thursday, September 29 by Jefferies. The stock has “Neutral” rating given by JP Morgan on Friday, May 27. The firm has “Buy” rating by Canaccord Genuity given on Thursday, November 24.

About 9,360 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 earnings per share, 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 earnings per share 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.

Mutual Of America Cap Mngmt Ltd Liability Corporation has invested 0.03% of its portfolio in Paypoint plc (LON:PAY). Arizona State Retirement System has 0.01% invested in the company for 43,039 shares. Texas Permanent School Fund holds 0.02% or 84,261 shares in its portfolio. The New York-based Morgan Stanley has invested 0.01% in Paypoint plc (LON:PAY). Moreover, Wfg L P has 0% invested in Paypoint plc (LON:PAY) for 650 shares. Raymond James & last reported 258,260 shares in the company. Nomura Asset Mngmt holds 2,110 shares or 0% of its portfolio. Paloma Prns Mngmt has 0.01% invested in the company for 30,961 shares. Peak6 Limited Partnership holds 0.04% or 257,712 shares in its portfolio. Seven Eight Ltd holds 0.29% of its portfolio in Paypoint plc (LON:PAY) for 46,009 shares. Whittier last reported 0.05% of its portfolio in the stock. Espalier Glob Mgmt Ltd Liability Corporation has 117,865 shares for 2.41% of their US portfolio. Swiss Retail Bank has 0.01% invested in the company for 185,864 shares. Frontier Limited Co holds 0.03% of its portfolio in Paypoint plc (LON:PAY) for 197,948 shares. Moreover, Gemmer Asset Mgmt Lc has 0% invested in Paypoint plc (LON:PAY) for 123 shares.

PayPoint plc is a United Kingdom-based holding company. The company has a market cap of 709.04 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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