VeriFone Systems Inc (PAY) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in shares of VeriFone Systems Inc (NYSE:PAY) by 13.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,699,529 shares of the business services provider’s stock after selling 436,839 shares during the quarter. Dimensional Fund Advisors LP owned 2.41% of VeriFone Systems worth $54,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of VeriFone Systems by 13.5% during the 2nd quarter. BlackRock Inc. now owns 16,668,535 shares of the business services provider’s stock valued at $301,702,000 after buying an additional 1,982,859 shares during the period. Vanguard Group Inc. lifted its holdings in shares of VeriFone Systems by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 9,365,370 shares of the business services provider’s stock valued at $169,513,000 after buying an additional 376,008 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of VeriFone Systems by 5.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,287,738 shares of the business services provider’s stock valued at $107,236,000 after buying an additional 261,117 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of VeriFone Systems by 18.6% during the 2nd quarter. Alliancebernstein L.P. now owns 4,745,833 shares of the business services provider’s stock valued at $85,900,000 after buying an additional 742,871 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in shares of VeriFone Systems by 1.2% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 4,262,713 shares of the business services provider’s stock valued at $86,448,000 after buying an additional 50,135 shares during the period.

Shares of VeriFone Systems Inc (NYSE:PAY) opened at $17.49 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.33 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $1,960.00, a price-to-earnings ratio of -11.28, a PEG ratio of 1.41 and a beta of 1.96. VeriFone Systems Inc has a 12 month low of $16.80 and a 12 month high of $21.48.

VeriFone Systems (NYSE:PAY) last posted its quarterly earnings data 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 firm had revenue of $477.00 million during the quarter, compared to analyst estimates of $472.33 million. VeriFone Systems had a positive return on equity of 13.52% and a negative net margin of 9.29%. VeriFone Systems’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 EPS. research analysts anticipate that VeriFone Systems Inc will post 1.2 earnings per share for the current fiscal year.

VeriFone Systems announced that its board has approved a stock repurchase program on Tuesday, December 12th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Several research firms have recently weighed in on PAY. Argus reissued a “hold” rating on shares of VeriFone Systems in a report on Tuesday, December 26th. Tigress Financial reissued a “buy” rating on shares of VeriFone Systems in a report on Tuesday, December 19th. Zacks Investment Research cut VeriFone Systems from a “hold” rating to a “strong sell” rating in a report on Monday, December 18th. Barclays reissued a “hold” rating and set a $21.00 price target on shares of VeriFone Systems in a report on Friday, December 15th. Finally, Credit Suisse Group increased their price target on VeriFone Systems from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, December 13th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $20.02.

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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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