Sabal Trust Co Has Decreased Its Apple (AAPL) Holding; Verifone (PAY) Sentiment Is 0.88

February 21, 2018 - By Clifton Ray

VeriFone Systems, Inc. provides payments and commerce solutions at the point of sale worldwide. The company has market cap of $1.90 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.

Sabal Trust Co decreased Apple Inc (AAPL) stake by 42.01% reported in 2017Q3 SEC filing. Sabal Trust Co sold 93,185 shares as Apple Inc (AAPL)’s stock rose 12.78%. The Sabal Trust Co holds 128,654 shares with $19.83 million value, down from 221,839 last quarter. Apple Inc now has $871.97B valuation. The stock decreased 0.34% or $0.58 during the last trading session, reaching $171.85. About 33.93 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since February 21, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

The stock decreased 1.15% or $0.2 during the last trading session, reaching $17.17. About 1.19 million shares traded. VeriFone Systems, Inc. (PAY) has declined 31.93% since February 21, 2017 and is downtrending. It has underperformed by 48.63% the S&P500.

Ratings analysis reveals 29% of VeriFone’s analysts are positive. Out of 7 Wall Street analysts rating VeriFone, 2 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $15.0 while the high is $23.0. The stock’s average target of $18 is 4.83% above today’s ($17.17) share price. PAY was included in 7 notes of analysts from September 2, 2016. The company was maintained on Friday, September 2 by RBC Capital Markets. On Tuesday, December 13 the stock rating was maintained by Compass Point with “Neutral”. The stock of VeriFone Systems, Inc. (NYSE:PAY) earned “Hold” rating by Deutsche Bank on Friday, September 2. The stock has “In-Line” rating by Imperial Capital on Monday, September 12. The company was maintained on Friday, September 2 by Stifel Nicolaus. Piper Jaffray downgraded the stock to “Neutral” rating in Friday, September 2 report. The firm has “Buy” rating given on Monday, October 17 by Craig Hallum.

Analysts await VeriFone Systems, Inc. (NYSE:PAY) to report earnings on March, 8 after the close. They expect $0.16 earnings per share, up 33.33% or $0.04 from last year’s $0.12 per share. PAY’s profit will be $17.66M for 26.83 P/E if the $0.16 EPS becomes a reality. After $0.35 actual earnings per share reported by VeriFone Systems, Inc. for the previous quarter, Wall Street now forecasts -54.29% negative EPS growth.

Lapides Asset Management Llc holds 4.81% of its portfolio in VeriFone Systems, Inc. for 1.16 million shares. Guinness Atkinson Asset Management Inc owns 306,710 shares or 3.91% of their US portfolio. Moreover, Snow Capital Management Lp has 3.41% invested in the company for 3.48 million shares. The Michigan-based Managed Asset Portfolios Llc has invested 2.19% in the stock. Causeway Capital Management Llc, a California-based fund reported 8.19 million shares.

Sabal Trust Co increased At&T Inc (NYSE:T) stake by 241,698 shares to 831,806 valued at $32.58 million in 2017Q3. It also upped Qualcomm Inc (NASDAQ:QCOM) stake by 27,294 shares and now owns 426,544 shares. Air Prods & Chems Inc (NYSE:APD) was raised too.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on May, 1. They expect $2.72 earnings per share, up 29.52% or $0.62 from last year’s $2.1 per share. AAPL’s profit will be $13.80B for 15.80 P/E if the $2.72 EPS becomes a reality. After $3.89 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts -30.08% negative EPS growth.

Among 53 analysts covering Apple Inc. (NASDAQ:AAPL), 34 have Buy rating, 1 Sell and 18 Hold. Therefore 64% are positive. Apple Inc. had 378 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Mizuho given on Monday, January 11. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Wednesday, April 27 by Brean Capital. The company was maintained on Monday, June 12 by Citigroup. The firm earned “Hold” rating on Tuesday, August 1 by Mizuho. The firm has “Buy” rating given on Wednesday, October 28 by Macquarie Research. The rating was maintained by Oppenheimer on Friday, September 11 with “Outperform”. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Bernstein on Wednesday, September 13. Argus Research maintained the stock with “Buy” rating in Wednesday, January 27 report. The firm has “Outperform” rating given on Tuesday, March 21 by Bernstein. The rating was maintained by Stifel Nicolaus on Wednesday, January 27 with “Buy”.

Since August 24, 2017, it had 0 insider buys, and 6 sales for $27.32 million activity. The insider Riccio Daniel J. sold $2.42M. SCHILLER PHILIP W sold $8.79M worth of stock. The insider AHRENDTS ANGELA J sold $9.78M. Another trade for 268,623 shares valued at $43.15 million was sold by COOK TIMOTHY D. Srouji Johny sold 5,892 shares worth $948,612.

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