TIAA CREF Investment Management LLC lessened its holdings in shares of Verifone Systems, Inc. (NYSE:PAY) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 327,787 shares of the business services provider’s stock after selling 11,201 shares during the period. TIAA CREF Investment Management LLC owned 0.29% of Verifone Systems worth $5,933,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PAY. BlackRock Inc. raised its holdings in shares of Verifone Systems by 12,855.8% during the first quarter. BlackRock Inc. now owns 14,685,676 shares of the business services provider’s stock valued at $275,064,000 after buying an additional 14,572,324 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Verifone Systems by 300.1% during the second quarter. Bank of New York Mellon Corp now owns 5,026,621 shares of the business services provider’s stock valued at $90,982,000 after acquiring an additional 3,770,155 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Verifone Systems by 51.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,049,305 shares of the business services provider’s stock valued at $57,115,000 after acquiring an additional 1,041,365 shares during the period. Causeway Capital Management LLC increased its stake in shares of Verifone Systems by 11.5% during the first quarter. Causeway Capital Management LLC now owns 7,981,839 shares of the business services provider’s stock valued at $171,223,000 after acquiring an additional 823,780 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of Verifone Systems by 18.6% during the second quarter. Alliancebernstein L.P. now owns 4,745,833 shares of the business services provider’s stock valued at $85,900,000 after acquiring an additional 742,871 shares during the period.

Verifone Systems, Inc. (NYSE PAY) opened at 20.44 on Friday. The firm’s market cap is $2.29 billion. Verifone Systems, Inc. has a 52-week low of $14.96 and a 52-week high of $21.48. The firm has a 50-day moving average of $20.32 and a 200 day moving average of $18.91.

Verifone Systems (NYSE:PAY) last announced its quarterly earnings data on Thursday, September 7th. The business services provider reported $0.36 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. Verifone Systems had a negative net margin of 9.76% and a positive return on equity of 11.19%. The business had revenue of $466.90 million for the quarter, compared to analyst estimates of $464.13 million. During the same period in the prior year, the business posted $0.42 earnings per share. Verifone Systems’s revenue was down 5.2% compared to the same quarter last year. On average, equities research analysts forecast that Verifone Systems, Inc. will post $1.30 earnings per share for the current year.

A number of research firms recently commented on PAY. Barclays PLC reiterated a “hold” rating and set a $22.00 price objective on shares of Verifone Systems in a research note on Friday, September 29th. Zacks Investment Research upgraded shares of Verifone Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Citigroup Inc. began coverage on shares of Verifone Systems in a research note on Friday, September 15th. They set a “neutral” rating and a $23.00 price objective on the stock. Bank of America Corporation began coverage on shares of Verifone Systems in a research note on Tuesday, September 12th. They set an “underperform” rating and a $19.00 price objective on the stock. Finally, BTIG Research reiterated a “hold” rating on shares of Verifone Systems in a research note on Monday, September 11th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.20.

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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.

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

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