Omni Partners LLP Acquires New Position in VeriFone Systems Inc (PAY)
Omni Partners LLP acquired a new stake in shares of VeriFone Systems Inc (NYSE:PAY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 591,454 shares of the business services provider’s stock, valued at approximately $13,497,000. VeriFone Systems accounts for about 1.5% of Omni Partners LLP’s investment portfolio, making the stock its 14th biggest holding. Omni Partners LLP owned approximately 0.53% of VeriFone Systems at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Signition LP bought a new position in VeriFone Systems in the first quarter worth $178,000. Cerebellum GP LLC bought a new position in shares of VeriFone Systems during the second quarter valued at $182,000. Point72 Asia Hong Kong Ltd bought a new position in shares of VeriFone Systems during the first quarter valued at $231,000. Xact Kapitalforvaltning AB increased its holdings in shares of VeriFone Systems by 27.9% during the first quarter. Xact Kapitalforvaltning AB now owns 15,583 shares of the business services provider’s stock valued at $240,000 after acquiring an additional 3,400 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its holdings in shares of VeriFone Systems by 1,471.0% during the first quarter. Summit Trail Advisors LLC now owns 244,441 shares of the business services provider’s stock valued at $244,000 after acquiring an additional 228,881 shares in the last quarter. 87.46% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:PAY opened at $23.03 on Thursday. VeriFone Systems Inc has a 1-year low of $14.90 and a 1-year high of $23.14. The company has a quick ratio of 1.22, a current ratio of 1.46 and a debt-to-equity ratio of 1.09. The firm has a market cap of $2.55 billion, a PE ratio of 24.24, a P/E/G ratio of 1.27 and a beta of 1.45.
VeriFone Systems, Inc provides payments and commerce solutions at the point of sale (POS) worldwide. It offers countertop solutions that accept payment options, including contactless, NFC, mobile wallets, and EMV; PIN pads that support credit and debit card, EBT, EMV, and other PIN-based transactions; and multilane consumer facing commerce devices.
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