Exane Derivatives Lowered Verifone Systems (PAY) Stake; Digi International (DGII) Has 1.31 Sentiment

April 25, 2018 - By Dolores Ford

Digi International Inc. (NASDAQ:DGII) Logo

Exane Derivatives decreased Verifone Systems (PAY) stake by 5.79% reported in 2017Q4 SEC filing. Exane Derivatives sold 149 shares as Verifone Systems (PAY)’s stock declined 11.73%. The Exane Derivatives holds 2,425 shares with $42.90 million value, down from 2,574 last quarter. Verifone Systems now has $2.52 billion valuation. The stock decreased 0.26% or $0.06 during the last trading session, reaching $22.76. About 1.73 million shares traded. VeriFone Systems, Inc. (NYSE:PAY) has declined 17.61% since April 25, 2017 and is downtrending. It has underperformed by 29.16% the S&P500.

Digi International Inc (DGII) investors sentiment increased to 1.31 in 2017 Q4. It’s up 0.36, from 0.95 in 2017Q3. The ratio increased, as 47 funds increased and started new equity positions, while 36 sold and trimmed equity positions in Digi International Inc. The funds in our database now own: 20.88 million shares, up from 20.57 million shares in 2017Q3. Also, the number of funds holding Digi International Inc in top ten equity positions decreased from 1 to 0 for a decrease of 1. Sold All: 4 Reduced: 32 Increased: 34 New Position: 13.

Analysts await Digi International Inc. (NASDAQ:DGII) to report earnings on April, 26 after the close. They expect $0.01 earnings per share, down 80.00% or $0.04 from last year’s $0.05 per share. DGII’s profit will be $270,285 for 297.50 P/E if the $0.01 EPS becomes a reality. After $-0.07 actual earnings per share reported by Digi International Inc. for the previous quarter, Wall Street now forecasts -114.29% EPS growth.

Millrace Asset Group Inc. holds 1.83% of its portfolio in Digi International Inc. for 200,000 shares. Punch & Associates Investment Management Inc. owns 1.41 million shares or 1.16% of their US portfolio. Moreover, Edgepoint Investment Group Inc. has 0.26% invested in the company for 1.91 million shares. The Minnesota-based Riverbridge Partners Llc has invested 0.24% in the stock. Heartland Advisors Inc, a Wisconsin-based fund reported 150,000 shares.

Digi International Inc. provides Internet of Things networking hardware products and solutions. The company has market cap of $321.64 million. The firm provides cellular routers that offers connectivity for devices over a cellular data network; cellular gateway products that enable devices or groups of devices to be networked in locations where there is no existing network or where access to a network is prohibited; radio frequency products that utilize a range of wireless protocols for PC-to-device or device-to-device connectivity; and Connect, Rabbit, and ARM embedded systems on module and single board computers for medical, transportation, and industrial device manufacturers. It has a 129.35 P/E ratio. It also offers console and serial servers, as well as universal serial bus -to-serial converters, USB over IP products, and multiport USB hubs.

Since January 1, 0001, it had 0 insider purchases, and 1 sale for $42,000 activity.

It closed at $11.9 lastly. It is down 11.62% since April 25, 2017 and is downtrending. It has underperformed by 23.17% the S&P500.

Ratings analysis reveals 50% of Digi Intl’s analysts are positive. Out of 2 Wall Street analysts rating Digi Intl, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. DGII was included in 2 notes of analysts from August 24, 2016. The rating was downgraded by Sidoti to “Neutral” on Wednesday, August 24. As per Friday, January 27, the company rating was maintained by Lake Street.

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. BTIG Research maintained the shares of PAY in report on Friday, June 9 with “Hold” rating. As per Friday, September 2, the company rating was downgraded by Piperjaffray. The firm has “Hold” rating given on Friday, September 15 by Citigroup. RBC Capital Markets maintained VeriFone Systems, Inc. (NYSE:PAY) rating on Friday, October 13. RBC Capital Markets has “Hold” rating and $20.0 target. As per Monday, September 11, the company rating was maintained by Jefferies. The stock has “Neutral” rating by Credit Suisse on Wednesday, December 13. Piper Jaffray initiated the stock with “Overweight” rating in Wednesday, November 25 report. The firm earned “Sector Perform” rating on Friday, September 2 by RBC Capital Markets. Standpoint Research downgraded VeriFone Systems, Inc. (NYSE:PAY) on Tuesday, April 10 to “Hold” rating. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, June 9.

Analysts await VeriFone Systems, Inc. (NYSE:PAY) to report earnings on June, 14. They expect $0.22 earnings per share, up 10.00% or $0.02 from last year’s $0.2 per share. PAY’s profit will be $24.36 million for 25.86 P/E if the $0.22 EPS becomes a reality. After $0.16 actual earnings per share reported by VeriFone Systems, Inc. for the previous quarter, Wall Street now forecasts 37.50% EPS growth.

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

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