Pzena Investment Management LLC lifted its holdings in shares of Verifone Systems, Inc. (NYSE:PAY) by 2.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,469,466 shares of the business services provider’s stock after acquiring an additional 61,228 shares during the period. Pzena Investment Management LLC owned approximately 2.21% of Verifone Systems worth $50,081,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. ZWJ Investment Counsel Inc. increased its position in shares of Verifone Systems by 2.2% during the third quarter. ZWJ Investment Counsel Inc. now owns 840,895 shares of the business services provider’s stock worth $17,053,000 after acquiring an additional 18,480 shares in the last quarter. Wesbanco Bank Inc. increased its position in shares of Verifone Systems by 72.3% during the third quarter. Wesbanco Bank Inc. now owns 57,706 shares of the business services provider’s stock worth $1,170,000 after acquiring an additional 24,206 shares in the last quarter. Palisade Capital Management LLC NJ increased its position in shares of Verifone Systems by 6.6% during the third quarter. Palisade Capital Management LLC NJ now owns 799,836 shares of the business services provider’s stock worth $16,221,000 after acquiring an additional 49,669 shares in the last quarter. Mesirow Financial Investment Management Equity Management bought a new stake in shares of Verifone Systems during the third quarter worth about $14,470,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Verifone Systems by 46.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 57,590 shares of the business services provider’s stock worth $1,168,000 after acquiring an additional 18,333 shares in the last quarter.
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Verifone Systems, Inc. (PAY) traded up $0.16 on Friday, reaching $17.91. 1,639,555 shares of the company’s stock were exchanged, compared to its average volume of 1,134,427. The company has a current ratio of 1.32, a quick ratio of 1.10 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $1,985.09, a PE ratio of 21.91, a price-to-earnings-growth ratio of 1.30 and a beta of 2.01. Verifone Systems, Inc. has a 52-week low of $15.10 and a 52-week high of $21.48.
Verifone Systems (NYSE:PAY) last released its earnings results on Thursday, September 7th. The business services provider reported $0.36 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.36. The firm had revenue of $466.90 million for the quarter, compared to analysts’ expectations of $464.13 million. Verifone Systems had a negative net margin of 9.76% and a positive return on equity of 11.19%. The company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 earnings per share. sell-side analysts expect that Verifone Systems, Inc. will post 0.99 EPS for the current year.
Several research firms have recently commented on PAY. Barclays PLC reissued a “hold” rating and set a $22.00 target price on shares of Verifone Systems in a research report on Friday, September 29th. Zacks Investment Research raised shares of Verifone Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Citigroup Inc. began coverage on shares of Verifone Systems in a report on Friday, September 15th. They set a “neutral” rating and a $23.00 price target on the stock. Bank of America Corporation began coverage on shares of Verifone Systems in a report on Tuesday, September 12th. They set an “underperform” rating and a $19.00 price target on the stock. Finally, BTIG Research restated a “hold” rating on shares of Verifone Systems in a report on Monday, September 11th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company’s stock. Verifone Systems has a consensus rating of “Hold” and an average price target of $19.15.
About Verifone Systems
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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