Verifone Systems, Inc. (PAY) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC lessened its holdings in shares of Verifone Systems, Inc. (NYSE:PAY) by 37.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 869,915 shares of the business services provider’s stock after selling 523,081 shares during the period. Cambiar Investors LLC owned 0.78% of Verifone Systems worth $17,642,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PAY. JPMorgan Chase & Co. grew its holdings in shares of Verifone Systems by 5.6% during the first quarter. JPMorgan Chase & Co. now owns 72,890 shares of the business services provider’s stock worth $1,365,000 after purchasing an additional 3,890 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in Verifone Systems by 12.6% in the first quarter. OppenheimerFunds Inc. now owns 26,012 shares of the business services provider’s stock valued at $487,000 after acquiring an additional 2,901 shares during the last quarter. Legal & General Group Plc boosted its holdings in Verifone Systems by 76.7% in the first quarter. Legal & General Group Plc now owns 98,467 shares of the business services provider’s stock valued at $1,845,000 after acquiring an additional 42,756 shares during the last quarter. Thrivent Financial For Lutherans boosted its holdings in Verifone Systems by 10.6% in the first quarter. Thrivent Financial For Lutherans now owns 20,950 shares of the business services provider’s stock valued at $392,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Verifone Systems by 4.2% in the first quarter. Vanguard Group Inc. now owns 8,989,362 shares of the business services provider’s stock valued at $168,371,000 after acquiring an additional 359,577 shares during the last quarter.

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Verifone Systems, Inc. (NYSE PAY) traded down $0.07 during midday trading on Tuesday, hitting $17.84. The stock had a trading volume of 1,346,600 shares, compared to its average volume of 1,621,587. The firm has a market capitalization of $2,002.98, a price-to-earnings ratio of 22.11, a P/E/G ratio of 1.31 and a beta of 2.01. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.10 and a current ratio of 1.32. Verifone Systems, Inc. has a 52 week low of $15.10 and a 52 week high of $21.48.

Verifone Systems (NYSE:PAY) last released its quarterly earnings results on Thursday, September 7th. The business services provider reported $0.36 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.36. The company had revenue of $466.90 million for the quarter, compared to analyst estimates of $464.13 million. Verifone Systems had a positive return on equity of 11.19% and a negative net margin of 9.76%. Verifone Systems’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 earnings per share. analysts anticipate that Verifone Systems, Inc. will post 0.99 EPS for the current fiscal year.

Several equities analysts recently issued reports on PAY shares. Jefferies Group LLC reiterated a “buy” rating and issued a $23.00 price target (up previously from $20.00) on shares of Verifone Systems in a report on Monday, September 11th. BidaskClub upgraded Verifone Systems from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. BTIG Research reiterated a “hold” rating on shares of Verifone Systems in a report on Monday, September 11th. Zacks Investment Research upgraded Verifone Systems from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $20.00 price target on shares of Verifone Systems in a report on Friday, September 8th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the stock. Verifone Systems has a consensus rating of “Hold” and a consensus price target of $19.15.

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.

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

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