Guardian Capital LP Has Cut By $1.87 Million Its Royal Bk Cda Montreal Que (RY) Holding; 7 Analysts Bullish VeriFone Systems, Inc. (PAY)

April 17, 2018 - By Nellie Frank

VeriFone Systems, Inc. (NYSE:PAY) Logo

Among 31 analysts covering Verifone Systems Inc. (NYSE:PAY), 7 have Buy rating, 1 Sell and 23 Hold. Therefore 23% are positive. Verifone Systems Inc. had 84 analyst reports since August 5, 2015 according to SRatingsIntel. Susquehanna maintained VeriFone Systems, Inc. (NYSE:PAY) rating on Friday, September 4. Susquehanna has “Positive” rating and $42 target. The rating was maintained by Wedbush with “Outperform” on Wednesday, June 8. Piper Jaffray maintained VeriFone Systems, Inc. (NYSE:PAY) rating on Monday, April 9. Piper Jaffray has “Hold” rating and $23.0400 target. On Friday, September 15 the stock rating was initiated by Citigroup with “Hold”. The firm has “Buy” rating given on Thursday, June 9 by Standpoint Research. The company was maintained on Wednesday, June 8 by Goldman Sachs. The company was maintained on Friday, March 10 by RBC Capital Markets. The rating was initiated by Craig Hallum with “Buy” on Monday, October 17. The company was downgraded on Wednesday, June 8 by JP Morgan. The firm has “Strong Buy” rating given on Thursday, October 8 by Raymond James. See VeriFone Systems, Inc. (NYSE:PAY) latest ratings:

16/04/2018 Broker: Jefferies Old Rating: Buy New Rating: Hold Old Target: $23 Downgrade
10/04/2018 Broker: Standpoint Research Old Rating: Buy New Rating: Hold Downgrade
10/04/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $20 New Target: $23 Maintain
10/04/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $20 New Target: $23.04 Maintain
10/04/2018 Broker: SunTrust Rating: Hold Downgrade
09/04/2018 Broker: Piper Jaffray Rating: Hold New Target: $23.0400 Maintain
08/03/2018 Broker: BTIG Research Rating: Hold Maintain
19/12/2017 Broker: Tigress Financial Rating: Buy Maintain
13/12/2017 Broker: SunTrust Rating: Buy New Target: $23.0
13/12/2017 Broker: Credit Suisse Rating: Neutral Old Target: $20 New Target: $21 Maintain

Guardian Capital Lp decreased Royal Bk Cda Montreal Que (RY) stake by 0.51% reported in 2017Q4 SEC filing. Guardian Capital Lp sold 22,800 shares as Royal Bk Cda Montreal Que (RY)’s stock declined 4.81%. The Guardian Capital Lp holds 4.42M shares with $362.87 million value, down from 4.45M last quarter. Royal Bk Cda Montreal Que now has $106.90B valuation. The stock increased 0.34% or $0.26 during the last trading session, reaching $76.93. About 378,308 shares traded. Royal Bank of Canada (NYSE:RY) has risen 5.90% since April 17, 2017 and is uptrending. It has underperformed by 5.65% the S&P500.

VeriFone Systems, Inc. provides payments and commerce solutions at the point of sale worldwide. The company has market cap of $2.53 billion. It offers countertop solutions that accept payment options, such as contactless, NFC, mobile wallets, and EMV; PIN pads that support credit and debit card, EBT, EMV, and other PIN transactions; and multimedia consumer facing POS devices. It currently has negative earnings. The firm also provides portable payment devices, including small, portable, and handheld devices that enable merchants to accept electronic payments wherever wireless connectivity is available; and mobile solutions that attach to and interface with iOS, Android, or Windows smartphones and tablets.

Investors sentiment increased to 1.08 in 2017 Q4. Its up 0.20, from 0.88 in 2017Q3. It improved, as 35 investors sold VeriFone Systems, Inc. shares while 70 reduced holdings. 40 funds opened positions while 73 raised stakes. 112.41 million shares or 1.96% less from 114.66 million shares in 2017Q3 were reported. Susquehanna Grp Llp holds 0% of its portfolio in VeriFone Systems, Inc. (NYSE:PAY) for 141,732 shares. Tower Rech Cap Ltd Llc (Trc) stated it has 1,175 shares or 0% of all its holdings. Managed Asset Portfolios Lc accumulated 343,171 shares. Jacobs Levy Equity Mgmt Inc reported 0.13% of its portfolio in VeriFone Systems, Inc. (NYSE:PAY). Peak6 Investments L P, a Illinois-based fund reported 52,214 shares. Shell Asset Communication accumulated 472,609 shares. Parallax Volatility Advisers L P reported 17,094 shares. Aperio Ltd Liability stated it has 0% in VeriFone Systems, Inc. (NYSE:PAY). Rhumbline Advisers invested in 209,845 shares or 0.01% of the stock. 3.98 million were accumulated by State Street Corp. 2.59 million were accumulated by Goldman Sachs Gp. Fdx invested in 0.01% or 11,240 shares. Private Harbour Management & Counsel has invested 0.58% in VeriFone Systems, Inc. (NYSE:PAY). Trexquant Investment Lp stated it has 57,263 shares. Bankshares Of New York Mellon invested in 0.03% or 7.05 million shares.

The stock increased 0.33% or $0.075 during the last trading session, reaching $22.835. About 1.14 million shares traded. VeriFone Systems, Inc. (NYSE:PAY) has declined 17.61% since April 17, 2017 and is downtrending. It has underperformed by 29.16% the S&P500.

Analysts await Royal Bank of Canada (NYSE:RY) to report earnings on May, 24. They expect $1.64 earnings per share, up 15.49% or $0.22 from last year’s $1.42 per share. RY’s profit will be $2.28B for 11.73 P/E if the $1.64 EPS becomes a reality. After $1.72 actual earnings per share reported by Royal Bank of Canada for the previous quarter, Wall Street now forecasts -4.65% negative EPS growth.

Guardian Capital Lp increased Amazon Com Inc (NASDAQ:AMZN) stake by 333 shares to 654 valued at $765,000 in 2017Q4. It also upped Kimberly Clark Corp (NYSE:KMB) stake by 5,505 shares and now owns 128,266 shares. Xilinx Inc (NASDAQ:XLNX) was raised too.

VeriFone Systems, Inc. (NYSE:PAY) Institutional Positions Chart

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