Peregrine Capital Management LLC Has $8.49 Million Position in Verifone Systems, Inc. (PAY)

Peregrine Capital Management LLC lifted its stake in shares of Verifone Systems, Inc. (NYSE:PAY) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 418,449 shares of the business services provider’s stock after acquiring an additional 8,504 shares during the period. Peregrine Capital Management LLC owned 0.37% of Verifone Systems worth $8,486,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Verifone Systems by 12,855.8% during the first quarter. BlackRock Inc. now owns 14,685,676 shares of the business services provider’s stock worth $275,064,000 after buying an additional 14,572,324 shares during the period. Bank of New York Mellon Corp lifted its position in Verifone Systems by 300.1% during the second quarter. Bank of New York Mellon Corp now owns 5,026,621 shares of the business services provider’s stock worth $90,982,000 after buying an additional 3,770,155 shares during the period. Epoch Investment Partners Inc. purchased a new position in Verifone Systems during the second quarter worth about $25,839,000. Dimensional Fund Advisors LP lifted its position in Verifone Systems by 51.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,049,305 shares of the business services provider’s stock worth $57,115,000 after buying an additional 1,041,365 shares during the period. Finally, State Street Corp lifted its position in Verifone Systems by 27.8% during the second quarter. State Street Corp now owns 3,612,321 shares of the business services provider’s stock worth $65,386,000 after buying an additional 786,774 shares during the period.

Several research firms recently weighed in on PAY. Barclays PLC reiterated a “hold” rating and set a $22.00 target price 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. Citigroup Inc. began coverage on Verifone Systems in a research report on Friday, September 15th. They set a “neutral” rating and a $23.00 target price on the stock. Bank of America Corporation began coverage on Verifone Systems in a research report on Tuesday, September 12th. They set an “underperform” rating and a $19.00 target price on the stock. Finally, BTIG Research reiterated a “hold” rating on shares of Verifone Systems in a research report on Monday, September 11th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $19.15.

Verifone Systems (NYSE:PAY) last released its quarterly earnings data on Thursday, September 7th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. The firm had revenue of $466.90 million during the quarter, compared to analysts’ expectations of $464.13 million. Verifone Systems had a positive return on equity of 11.19% and a negative net margin of 9.76%. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 earnings per share.

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

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