Neuberger Berman Group LLC grew its position in VeriFone Systems Inc (NYSE:PAY) by 22.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,646,427 shares of the business services provider’s stock after buying an additional 297,362 shares during the period. Neuberger Berman Group LLC owned approximately 1.47% of VeriFone Systems worth $33,390,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Rhumbline Advisers raised its holdings in VeriFone Systems by 5.0% in the second quarter. Rhumbline Advisers now owns 228,791 shares of the business services provider’s stock worth $4,141,000 after buying an additional 10,875 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in VeriFone Systems by 300.1% in the second quarter. Bank of New York Mellon Corp now owns 5,026,621 shares of the business services provider’s stock worth $90,982,000 after buying an additional 3,770,155 shares during the last quarter. BlackRock Inc. raised its holdings in VeriFone Systems by 13.5% in the second quarter. BlackRock Inc. now owns 16,668,535 shares of the business services provider’s stock worth $301,702,000 after buying an additional 1,982,859 shares during the last quarter. Capital Management Associates NY purchased a new position in VeriFone Systems in the third quarter worth about $375,000. Finally, SG Americas Securities LLC raised its holdings in VeriFone Systems by 763.1% in the third quarter. SG Americas Securities LLC now owns 74,552 shares of the business services provider’s stock worth $1,512,000 after buying an additional 65,914 shares during the last quarter.

VeriFone Systems Inc (NYSE PAY) opened at $17.76 on Thursday. The company has a current ratio of 1.33, a quick ratio of 1.09 and a debt-to-equity ratio of 0.97. VeriFone Systems Inc has a 1-year low of $16.80 and a 1-year high of $21.48. The firm has a market cap of $2,011.57, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 1.43 and a beta of 1.96.

VeriFone Systems (NYSE:PAY) last issued its quarterly earnings results on Tuesday, December 12th. The business services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. VeriFone Systems had a negative net margin of 9.29% and a positive return on equity of 13.52%. The business had revenue of $477.00 million for the quarter, compared to the consensus estimate of $472.33 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. equities research analysts forecast that VeriFone Systems Inc will post 1.2 EPS for the current fiscal year.

VeriFone Systems declared that its board 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 buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Several brokerages have issued reports on PAY. Zacks Investment Research raised shares of VeriFone Systems from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Bank of America initiated coverage on shares of VeriFone Systems in a research note on Tuesday, September 12th. They issued an “underperform” rating and a $19.00 price target for the company. Citigroup initiated coverage on shares of VeriFone Systems in a research note on Friday, September 15th. They issued a “neutral” rating and a $23.00 price target for the company. Barclays reiterated a “hold” rating and issued a $22.00 price target on shares of VeriFone Systems in a research note on Friday, September 29th. Finally, BTIG Research reiterated a “hold” rating on shares of VeriFone Systems in a research note on Monday, September 11th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. VeriFone Systems presently has a consensus rating of “Hold” and a consensus price target of $20.02.

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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.

Institutional Ownership by Quarter for VeriFone Systems (NYSE:PAY)

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