Oregon Public Employees Retirement Fund increased its position in Verifone Systems, Inc. (NYSE:PAY) by 1.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,085 shares of the business services provider’s stock after buying an additional 500 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Verifone Systems were worth $732,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Verifone Systems by 10.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,007,940 shares of the business services provider’s stock worth $35,600,000 after buying an additional 193,927 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Verifone Systems during the fourth quarter worth about $234,000. Comerica Bank raised its stake in shares of Verifone Systems by 5.8% in the fourth quarter. Comerica Bank now owns 85,146 shares of the business services provider’s stock worth $1,562,000 after buying an additional 4,700 shares in the last quarter. Gray Financial Group GA ADV ADV acquired a new stake in shares of Verifone Systems during the fourth quarter worth about $299,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Verifone Systems during the fourth quarter worth about $18,842,000.
Verifone Systems, Inc. (PAY) opened at 17.23 on Friday. Verifone Systems, Inc. has a 52 week low of $14.94 and a 52 week high of $20.98. The stock’s market capitalization is $1.93 billion. The company’s 50-day moving average price is $18.16 and its 200 day moving average price is $18.41.
Verifone Systems (NYSE:PAY) last announced its quarterly earnings data on Thursday, June 8th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. Verifone Systems had a positive return on equity of 11.55% and a negative net margin of 7.53%. The business had revenue of $474 million for the quarter, compared to analysts’ expectations of $472.80 million. During the same period last year, the firm earned $0.47 earnings per share. The company’s revenue for the quarter was down 9.9% compared to the same quarter last year. Equities research analysts expect that Verifone Systems, Inc. will post $1.33 EPS for the current fiscal year.
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A number of equities research analysts recently issued reports on PAY shares. Zacks Investment Research lowered Verifone Systems from a “hold” rating to a “sell” rating in a research note on Thursday, March 2nd. Tigress Financial began coverage on Verifone Systems in a research report on Monday, March 27th. They set a “buy” rating for the company. Morgan Stanley reaffirmed an “equal weight” rating and set a $18.00 target price (up from $16.00) on shares of Verifone Systems in a research report on Saturday, March 11th. Deutsche Bank AG reaffirmed a “hold” rating and set a $15.00 target price on shares of Verifone Systems in a research report on Monday, March 13th. Finally, BTIG Research lowered Verifone Systems from a “buy” rating to a “neutral” rating and set a $21.00 target price for the company. in a research report on Friday, March 10th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the company. Verifone Systems currently has a consensus rating of “Hold” and a consensus price target of $19.08.
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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