Cwm LLC reduced its stake in VeriFone Systems Inc (NYSE:PAY) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 114,359 shares of the business services provider’s stock after selling 8,225 shares during the period. Cwm LLC owned approximately 0.10% of VeriFone Systems worth $2,025,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial For Lutherans grew its stake in shares of VeriFone Systems by 8.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 22,700 shares of the business services provider’s stock valued at $411,000 after purchasing an additional 1,750 shares during the period. Carret Asset Management LLC grew its stake in shares of VeriFone Systems by 22.1% in the 2nd quarter. Carret Asset Management LLC now owns 14,100 shares of the business services provider’s stock valued at $255,000 after purchasing an additional 2,550 shares during the period. Mutual of America Capital Management LLC grew its position in VeriFone Systems by 3.2% during the 2nd quarter. Mutual of America Capital Management LLC now owns 93,790 shares of the business services provider’s stock worth $1,698,000 after acquiring an additional 2,890 shares during the last quarter. Riverhead Capital Management LLC grew its position in VeriFone Systems by 80.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,693 shares of the business services provider’s stock worth $121,000 after acquiring an additional 2,993 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in VeriFone Systems by 4.9% during the 2nd quarter. Prudential Financial Inc. now owns 75,110 shares of the business services provider’s stock worth $1,359,000 after acquiring an additional 3,500 shares during the last quarter.
A number of equities research analysts recently commented on PAY shares. Tigress Financial restated a “buy” rating on shares of VeriFone Systems in a research report on Tuesday, December 19th. Argus restated a “hold” rating on shares of VeriFone Systems in a research report on Tuesday, December 26th. Barclays restated a “hold” rating and set a $22.00 price target on shares of VeriFone Systems in a research report on Friday, September 29th. Zacks Investment Research upgraded VeriFone Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, Credit Suisse Group increased their price target on VeriFone Systems from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 13th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $20.02.
VeriFone Systems Inc (PAY) opened at $17.95 on Thursday. The company has a market capitalization of $2,010.00, a price-to-earnings ratio of -11.58, a price-to-earnings-growth ratio of 1.47 and a beta of 1.96. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.33 and a quick ratio of 1.09. VeriFone Systems Inc has a 12-month low of $16.80 and a 12-month high of $21.48.
VeriFone Systems (NYSE:PAY) last announced its quarterly earnings data on Tuesday, December 12th. The business services provider reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.01. The firm had revenue of $477.00 million for 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%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $0.30 EPS. equities research analysts predict that VeriFone Systems Inc will post 1.2 earnings per share for the current fiscal year.
VeriFone Systems declared that its Board of Directors has approved a share buyback plan on Tuesday, December 12th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
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VeriFone Systems 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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