VeriFone Systems, Inc. (PAY) was a big mover last session, as its shares rose nearly 6% on the day. The rise came on solid volume too with far more shares changing hands than in a normal session. This continues the uptrend for the healthcare company since Dec 18, as the stock is now up nearly 12%.
In the last 30 days, the company witnessed three negative estimate revisions and the Zacks Consensus Estimate also moved lower, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
VeriFone currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
Other better-ranked stocks worth considering in the financial transaction services industry include Alliance Data Systems Corp. (ADS), Heartland Payment Systems, Inc. (HPY) and MasterCard Inc. (MA). All these companies carry a Zacks Rank #2 (Buy).
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VERIFONE SYSTEMS INC (PAY): Free Stock Analysis Report
MASTERCARD (MA): Free Stock Analysis Report
ALLIANCE DATA SYSTEMS CORP (ADS): Free Stock Analysis Report
HEARTLAND PAYMENT SYSTEMS INC (HPY): Free Stock Analysis Report
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