Verifone Systems, Inc. (PAY) Shares Sold by Managed Asset Portfolios LLC
Managed Asset Portfolios LLC lowered its position in shares of Verifone Systems, Inc. (NYSE:PAY) by 3.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 245,620 shares of the company’s stock after selling 9,090 shares during the period. Verifone Systems accounts for approximately 1.7% of Managed Asset Portfolios LLC’s portfolio, making the stock its 22nd largest position. Managed Asset Portfolios LLC owned 0.22% of Verifone Systems worth $4,355,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Airain ltd raised its position in shares of Verifone Systems by 738.6% in the second quarter. Airain ltd now owns 82,801 shares of the company’s stock worth $1,535,000 after buying an additional 72,927 shares in the last quarter. Lapides Asset Management LLC raised its position in shares of Verifone Systems by 40.7% in the second quarter. Lapides Asset Management LLC now owns 1,043,600 shares of the company’s stock worth $19,348,000 after buying an additional 301,800 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Verifone Systems by 19.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,834,108 shares of the company’s stock worth $34,001,000 after buying an additional 293,808 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Verifone Systems by 0.7% in the second quarter. Prudential Financial Inc. now owns 67,324 shares of the company’s stock worth $1,248,000 after buying an additional 500 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Verifone Systems by 13.7% in the second quarter. Principal Financial Group Inc. now owns 422,403 shares of the company’s stock worth $7,831,000 after buying an additional 50,872 shares in the last quarter. 91.81% of the stock is owned by institutional investors and hedge funds.
Verifone Systems, Inc. (NYSE:PAY) traded down 0.15% during mid-day trading on Thursday, hitting $19.36. 1,059,907 shares of the stock traded hands. The stock’s market capitalization is $2.15 billion. The company has a 50 day moving average price of $18.50 and a 200-day moving average price of $17.45. Verifone Systems, Inc. has a one year low of $14.94 and a one year high of $29.73.
Verifone Systems (NYSE:PAY) last announced its earnings results on Monday, December 12th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The business earned $468 million during the quarter. Verifone Systems had a negative net margin of 0.46% and a positive return on equity of 16.78%. The business’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 EPS. Equities analysts anticipate that Verifone Systems, Inc. will post $1.37 earnings per share for the current fiscal year.
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PAY has been the subject of a number of research analyst reports. Vetr lowered shares of Verifone Systems from a “strong-buy” rating to a “buy” rating and set a $18.96 price objective for the company. in a research report on Tuesday, November 15th. Stifel Nicolaus lowered shares of Verifone Systems from a “buy” rating to a “hold” rating and cut their price objective for the company from $18.00 to $15.00 in a research report on Friday, December 2nd. Compass Point cut their price objective on shares of Verifone Systems from $17.50 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, December 13th. Deutsche Bank AG reaffirmed a “hold” rating and set a $15.00 price objective on shares of Verifone Systems in a research report on Thursday, December 15th. Finally, Wedbush reaffirmed a “neutral” rating and set a $18.00 price objective (down previously from $20.00) on shares of Verifone Systems in a research report on Thursday, December 15th. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $22.84.
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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