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A statement released earlier today by Bank of America (Merrill Lynch) about Verifone Systems Inc. (NYSE:PAY) raises the target price to $19.00

Having a price of $21.31, Verifone Systems Inc. (NYSE:PAY) traded 0.97% higher on the day. With the last close up 11.61% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the same period. Verifone Systems Inc. has recorded a 50-day average of $19.27 and a two hundred day average of $18.72. Volume of trade was down over the average, with 560,607 shares of PAY changing hands under the typical 1,657,870

In a report released on 09/12/2017 Bank of America (Merrill Lynch) increased the stock price target of Verifone Systems Inc. (NYSE:PAY) to $19.00 stating a potential downside of -0.11%.

Performance Chart

Verifone Systems Inc. (NYSE:PAY)

With a total market value of $0, Verifone Systems Inc. has with a one year low of $14.94 and a one year high of $20.99 .

A total of 18 analysts have released a report on Verifone Systems Inc.. zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $27.89.

More About Verifone Systems Inc. (NYSE:PAY)

VeriFone Systems, Inc. offers payments and commerce solutions. The Company is engaged in designing, manufacturing, marketing and supplying a range of payment solutions and complementary services. It provides solutions and services for the retail point-of-sale (POS) that enable various forms of commerce. The Company's segments include Verifone Systems and Verifone Services. The Verifone Systems segment delivers point of sale electronic payment devices that run the operating systems, security and encryption software, and certified payment software for both payments and commerce. The Verifone Services segment delivers device-related leasing and maintenance, payment transaction routing and reporting, and commerce based services, such as advertising on digital screens. The Company operates in various sectors, such as financial services, retail, petroleum, restaurant, hospitality, taxi, transportation and healthcare.

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