Verifone Systems, Inc. (PAY) Stake Decreased by American Century Companies Inc.
American Century Companies Inc. trimmed its position in shares of Verifone Systems, Inc. (NYSE:PAY) by 24.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 924,916 shares of the business services provider’s stock after selling 292,503 shares during the quarter. American Century Companies Inc. owned 0.82% of Verifone Systems worth $18,757,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Palisade Capital Management LLC NJ boosted its position in shares of Verifone Systems by 6.6% during the third quarter. Palisade Capital Management LLC NJ now owns 799,836 shares of the business services provider’s stock worth $16,221,000 after purchasing an additional 49,669 shares in the last quarter. Mesirow Financial Investment Management Equity Management bought a new position in shares of Verifone Systems during the third quarter worth $14,470,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of Verifone Systems by 46.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 57,590 shares of the business services provider’s stock worth $1,168,000 after purchasing an additional 18,333 shares in the last quarter. Hanson & Doremus Investment Management boosted its position in shares of Verifone Systems by 3.4% during the third quarter. Hanson & Doremus Investment Management now owns 110,905 shares of the business services provider’s stock worth $2,249,000 after purchasing an additional 3,690 shares in the last quarter. Finally, Peregrine Capital Management LLC boosted its position in shares of Verifone Systems by 2.1% during the third quarter. Peregrine Capital Management LLC now owns 418,449 shares of the business services provider’s stock worth $8,486,000 after purchasing an additional 8,504 shares in the last quarter.
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Shares of Verifone Systems, Inc. (PAY) opened at $17.13 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.32 and a quick ratio of 1.10. Verifone Systems, Inc. has a 52 week low of $15.10 and a 52 week high of $21.48. The stock has a market cap of $1,944.83, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 1.28 and a beta of 2.01.
Verifone Systems (NYSE:PAY) last issued its quarterly earnings results on Thursday, September 7th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. The firm had revenue of $466.90 million for the quarter, compared to analyst estimates of $464.13 million. Verifone Systems had a negative net margin of 9.76% and a positive return on equity of 11.19%. The company’s revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 EPS. equities research analysts anticipate that Verifone Systems, Inc. will post 0.99 earnings per share for the current fiscal year.
PAY has been the topic of a number of recent analyst reports. Raymond James Financial, Inc. cut shares of Verifone Systems from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $25.00 to $22.00 in a research report on Thursday. Citigroup Inc. started coverage on shares of Verifone Systems in a research report on Friday, September 15th. They set a “neutral” rating and a $23.00 price target on the stock. Zacks Investment Research cut shares of Verifone Systems from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Northcoast Research cut shares of Verifone Systems from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 6th. Finally, UBS AG cut shares of Verifone Systems from a “strong-buy” rating to an “outperform” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.33.
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.
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