November 25, 2016 - By Marie Mckinney
Barclays currently has a GBX 1030.00 target price on the 709.18 million GBP market cap company or -0.39% downside potential. In an analyst note sent to investors on Friday, 25 November, Paypoint (LON:PAY) stock had its “Equal-weight” Rating reiterated by analysts at Barclays.
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 -2.03% below today’s (GBX 1041) stock price. PayPoint PLC has been the topic of 45 analyst reports since July 23, 2015 according to StockzIntelligence Inc. On Friday, January 22 the stock rating was maintained by Jefferies with “Buy”. As per Friday, November 27, the company rating was upgraded by Liberum Capital. The company was maintained on Thursday, September 15 by Liberum Capital. The rating was maintained by JP Morgan with “Neutral” on Friday, July 29. Barclays Capital maintained the stock with “Equal Weight” rating in Thursday, July 23 report. The firm has “Equal Weight” rating given on Friday, November 25 by Barclays Capital. The firm has “Equal Weight” rating given on Friday, November 27 by Barclays Capital. As per Wednesday, May 4, the company rating was maintained by Liberum Capital. J.P. Morgan maintained Paypoint plc (LON:PAY) on Thursday, November 26 with “Neutral” rating. Liberum Capital maintained the shares of PAY in a report on Wednesday, September 21 with “Buy” rating.
About 9,409 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 $22.31M 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 Q2 2016. 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.
The New Jersey-based Blackrock Invest Mngmt Limited Com has invested 0.01% in Paypoint plc (LON:PAY). Assetmark, a California-based fund reported 98 shares. Price T Rowe Associates Md accumulated 315,976 shares or 0% of the stock. Moreover, Signaturefd has 0% invested in Paypoint plc (LON:PAY) for 800 shares. Roundview Capital Limited Liability Corporation last reported 23,075 shares in the company. Old Second Financial Bank Of Aurora holds 0% of its portfolio in Paypoint plc (LON:PAY) for 400 shares. Moreover, Advsr Asset has 0% invested in Paypoint plc (LON:PAY) for 2,900 shares. North Star Inv Mgmt Corporation holds 0% of its portfolio in Paypoint plc (LON:PAY) for 100 shares. Mutual Of America Mngmt Ltd holds 0.03% of its portfolio in Paypoint plc (LON:PAY) for 80,861 shares. Lapides Asset Mngmt Lc has invested 3.58% of its portfolio in Paypoint plc (LON:PAY). Karp Mngmt Corporation accumulated 1.29% or 104,715 shares. Brick Kyle Associates owns 650 shares or 0.01% of their US portfolio. Kbc Group Nv holds 0.05% of its portfolio in Paypoint plc (LON:PAY) for 194,160 shares. Lazard Asset Mgmt Ltd Liability Co holds 0% of its portfolio in Paypoint plc (LON:PAY) for 7,500 shares. Wfg Advisors Lp last reported 0% of its portfolio in the stock.
PayPoint plc is a United Kingdom-based holding company. The company has a market cap of 709.18 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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