Dubuque Bank & Trust Co. acquired a new position in Verifone Systems, Inc. (NYSE:PAY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 25,177 shares of the business services provider’s stock, valued at approximately $456,000.
A number of other institutional investors also recently bought and sold shares of the company. FNY Managed Accounts LLC bought a new position in Verifone Systems during the first quarter worth $131,000. Bank of Montreal Can boosted its position in Verifone Systems by 21.0% in the first quarter. Bank of Montreal Can now owns 7,379 shares of the business services provider’s stock worth $138,000 after buying an additional 1,281 shares in the last quarter. LS Investment Advisors LLC boosted its position in Verifone Systems by 22.3% in the second quarter. LS Investment Advisors LLC now owns 9,213 shares of the business services provider’s stock worth $167,000 after buying an additional 1,679 shares in the last quarter. Shelton Capital Management bought a new position in Verifone Systems during the first quarter worth $203,000. Finally, Numeric Investors LLC bought a new position in Verifone Systems during the fourth quarter worth $229,000.
Verifone Systems, Inc. (NYSE:PAY) opened at 19.23 on Wednesday. Verifone Systems, Inc. has a 52 week low of $14.94 and a 52 week high of $20.98. The stock’s market cap is $2.15 billion. The firm’s 50-day moving average is $18.70 and its 200 day moving average is $18.66.
Verifone Systems (NYSE:PAY) last posted its quarterly earnings results on Thursday, June 8th. The business services provider reported $0.30 EPS for the quarter, meeting the consensus estimate of $0.30. The company had revenue of $474 million during the quarter, compared to analysts’ expectations of $472.80 million. Verifone Systems had a positive return on equity of 11.55% and a negative net margin of 7.53%. The firm’s revenue was down 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 EPS. On average, equities research analysts expect that Verifone Systems, Inc. will post $1.33 EPS for the current year.
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A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Verifone Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. BidaskClub raised shares of Verifone Systems from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Imperial Capital dropped their target price on shares of Verifone Systems from $20.00 to $19.00 and set an “in-line” rating for the company in a report on Tuesday, June 13th. BTIG Research reaffirmed a “neutral” rating on shares of Verifone Systems in a report on Monday, June 12th. Finally, Royal Bank Of Canada dropped their target price on shares of Verifone Systems from $23.00 to $20.00 and set a “sector perform” rating for the company in a report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $18.73.
Verifone Systems Company Profile
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.
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