53.60% to Target, Piper Jaffray Reiterates “Hold” Rating for Verifone (PAY) Stock; ANDIAMO CORPORATION (ANDI) SI Increased By 1832.62%

VeriFone Systems, Inc. (NYSE:PAY) Logo

Investment analysts at Piper Jaffray have $23.0400 TP on Verifone (NYSE:PAY). Piper Jaffray’s TP means a potential upside of 53.60% from the company’s last stock close price. The rating was revealed to clients and investors in analysts note on 9 April.

ANDIAMO CORPORATION (OTCMKTS:ANDI) had an increase of 1832.62% in short interest. ANDI’s SI was 2.07 million shares in April as released by FINRA. Its up 1832.62% from 107,000 shares previously. The stock decreased 1.56% or $0.0003 during the last trading session, reaching $0.0158. About shares traded. Andiamo Corporation (OTCMKTS:ANDI) has 0.00% since April 10, 2017 and is . It has underperformed by 11.55% the S&P500.

VeriFone Systems, Inc. provides payments and commerce solutions at the point of sale worldwide. The company has market cap of $1.66 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.

Analysts await VeriFone Systems, Inc. (NYSE:PAY) to report earnings on June, 14. They expect $0.21 earnings per share, up 5.00% or $0.01 from last year’s $0.2 per share. PAY’s profit will be $23.18M for 17.86 P/E if the $0.21 EPS becomes a reality. After $0.16 actual earnings per share reported by VeriFone Systems, Inc. for the previous quarter, Wall Street now forecasts 31.25% EPS growth.

Among 31 analysts covering Verifone Systems Inc. (NYSE:PAY), 10 have Buy rating, 1 Sell and 20 Hold. Therefore 32% are positive. Verifone Systems Inc. has $44 highest and $15 lowest target. $23.87’s average target is 59.13% above currents $15 stock price. Verifone Systems Inc. had 78 analyst reports since August 5, 2015 according to SRatingsIntel. The company was maintained on Friday, September 8 by BTIG Research. Piper Jaffray upgraded VeriFone Systems, Inc. (NYSE:PAY) rating on Tuesday, August 25. Piper Jaffray has “Neutral” rating and $38.5 target. The company was maintained on Monday, August 31 by SunTrust. On Monday, September 11 the stock rating was maintained by Jefferies with “Buy”. The firm has “Neutral” rating given on Friday, March 10 by BTIG Research. The rating was downgraded by Compass Point on Wednesday, June 8 to “Neutral”. The rating was maintained by Imperial Capital on Friday, September 11 with “Outperform”. As per Friday, September 2, the company rating was downgraded by Piperjaffray. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, December 15. The company was initiated on Friday, January 6 by BMO Capital Markets.

Investors sentiment increased to 1.08 in Q4 2017. Its up 0.20, from 0.88 in 2017Q3. It is positive, 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. Toronto Dominion Bancshares stated it has 0% of its portfolio in VeriFone Systems, Inc. (NYSE:PAY). Northern Trust invested in 1.61 million shares or 0.01% of the stock. Parallax Volatility Advisers Lp reported 17,094 shares. Swiss Bancorporation stated it has 193,764 shares. Dreman Value L L C, Florida-based fund reported 17,571 shares. River Road Asset Management Ltd Limited Liability Company has invested 0.44% in VeriFone Systems, Inc. (NYSE:PAY). Cubist Systematic Strategies Lc accumulated 46,567 shares. Engineers Gate Manager Ltd Partnership reported 0.15% of its portfolio in VeriFone Systems, Inc. (NYSE:PAY). Federated Invsts Pa has 46,680 shares. Skyline Asset Limited Partnership accumulated 844,200 shares. Jane Street Group Incorporated Limited Liability Company has 0.01% invested in VeriFone Systems, Inc. (NYSE:PAY) for 175,323 shares. United Automobile Association reported 0.02% stake. Shell Asset Management, Netherlands-based fund reported 472,609 shares. Hsbc Holdg Public Limited Com owns 0% invested in VeriFone Systems, Inc. (NYSE:PAY) for 16,812 shares. Commerzbank Aktiengesellschaft Fi holds 0% or 20,488 shares in its portfolio.

The stock decreased 1.12% or $0.17 during the last trading session, reaching $15. About 1.86 million shares traded or 29.31% up from the average. VeriFone Systems, Inc. (NYSE:PAY) has declined 17.61% since April 10, 2017 and is downtrending. It has underperformed by 29.16% the S&P500.

Andiamo Corporation, through its subsidiaries, provides prepackaged software services. The company has market cap of $2,349. It provides mobile applications through the Apple iTunes App Store and the Google Android market in approximately 80 countries. It currently has negative earnings. The firm was formerly known as Title Consulting Services, Inc. and changed its name to Andiamo Corporation in June 2011.

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