Commerzbank Aktiengesellschaft FI Has $363,000 Stake in VeriFone Systems Inc (PAY)
Commerzbank Aktiengesellschaft FI lifted its position in shares of VeriFone Systems Inc (NYSE:PAY) by 25.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 20,488 shares of the business services provider’s stock after purchasing an additional 4,167 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in VeriFone Systems were worth $363,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Thrivent Financial For Lutherans lifted its stake in shares of VeriFone Systems by 8.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 22,700 shares of the business services provider’s stock valued at $411,000 after buying an additional 1,750 shares in the last quarter. Hanson & Doremus Investment Management lifted its stake in shares of VeriFone Systems by 3.4% during the 3rd quarter. Hanson & Doremus Investment Management now owns 110,905 shares of the business services provider’s stock valued at $2,249,000 after buying an additional 3,690 shares in the last quarter. Catalyst Capital Advisors LLC lifted its stake in shares of VeriFone Systems by 12.7% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 44,500 shares of the business services provider’s stock valued at $902,000 after buying an additional 5,000 shares in the last quarter. Zions Bancorporation purchased a new position in shares of VeriFone Systems during the 3rd quarter valued at $108,000. Finally, Aperio Group LLC lifted its stake in shares of VeriFone Systems by 41.4% during the 3rd quarter. Aperio Group LLC now owns 19,652 shares of the business services provider’s stock valued at $399,000 after buying an additional 5,752 shares in the last quarter.
A number of research firms recently weighed in on PAY. Zacks Investment Research cut shares of VeriFone Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Raymond James Financial cut shares of VeriFone Systems from a “strong-buy” rating to an “outperform” rating in a research note on Sunday, November 26th. Credit Suisse Group lifted their target price on shares of VeriFone Systems from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, December 13th. Barclays restated a “hold” rating and set a $21.00 target price on shares of VeriFone Systems in a research note on Friday, December 15th. Finally, Argus restated a “hold” rating on shares of VeriFone Systems in a research note on Tuesday, December 26th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. VeriFone Systems has a consensus rating of “Hold” and a consensus price target of $20.15.
VeriFone Systems (NYSE:PAY) last announced its quarterly earnings results on Tuesday, December 12th. The business services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $477.00 million for the quarter, compared to analysts’ expectations of $472.33 million. VeriFone Systems had a negative net margin of 9.29% and a positive return on equity of 13.52%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 EPS. equities analysts forecast that VeriFone Systems Inc will post 1.2 earnings per share for the current year.
VeriFone Systems announced that its Board of Directors has approved a stock repurchase program on Tuesday, December 12th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
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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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