November 25, 2016 - By whatsonthorold
In an analyst note sent to clients and investors on today, Numis restate their “Hold” rating on PayPoint PLC (LON:PAY)‘s stock. The target gives a potential downside of -8.08% from company’s last stock close.
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 -0.95% below today’s (GBX 1029.64) stock price. PayPoint PLC has been the topic of 45 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Numis Securities maintained the shares of PAY in a report on Thursday, March 24 with “Hold” rating. The stock has “Buy” rating given by Jefferies on Friday, January 22. Numis Securities maintained Paypoint plc (LON:PAY) on Thursday, September 29 with “Hold” rating. JP Morgan maintained the stock with “Neutral” rating in Wednesday, December 2 report. JP Morgan maintained Paypoint plc (LON:PAY) on Tuesday, May 31 with “Neutral” rating. The stock has “Hold” rating given by Numis Securities on Thursday, January 28. On Friday, July 29 the stock rating was maintained by JP Morgan with “Neutral”. The firm earned “Neutral” rating on Thursday, November 26 by J.P. Morgan. The stock of Paypoint plc (LON:PAY) earned “Neutral” rating by JP Morgan on Friday, May 27. The firm earned “Buy” rating on Wednesday, May 4 by Liberum Capital.
About 3,587 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 2016 Q2. 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.
Weaver C Barksdale And Associate has invested 0.01% of its portfolio in Paypoint plc (LON:PAY). Moreover, Checchi Cap Advisers Ltd Company has 0% invested in Paypoint plc (LON:PAY) for 146 shares. Grt Prtnrs Ltd Liability Corporation holds 0.07% or 15,632 shares in its portfolio. North Star Invest Mngmt Corp has invested 0% of its portfolio in Paypoint plc (LON:PAY). Retirement Systems Of Alabama owns 142,153 shares or 0.02% of their US portfolio. Qs Invsts Limited Company holds 0% or 9,011 shares in its portfolio. Old Second Fincl Bank Of Aurora accumulated 400 shares or 0% of the stock. Fic Cap holds 0.26% or 29,921 shares in its portfolio. Qcm Cayman, a Texas-based fund reported 32,692 shares. Menta Cap Limited Liability Corp holds 0.06% or 25,158 shares in its portfolio. Moreover, Loomis Sayles & Lp has 0.07% invested in Paypoint plc (LON:PAY) for 1.42 million shares. Ls Investment Advsrs Lc holds 6,631 shares or 0.01% of its portfolio. Price T Rowe Associate Inc Md last reported 315,976 shares in the company. The Wisconsin-based State Of Wisconsin Board has invested 0.01% in Paypoint plc (LON:PAY). Everpoint Asset holds 0.09% or 238,558 shares in its portfolio.
PayPoint plc is a United Kingdom-based holding company. The company has a market cap of 701.44 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: 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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