Verifone Systems, Inc. (PAY) Position Trimmed by Private Harbour Investment Management & Counsel LLC

Private Harbour Investment Management & Counsel LLC decreased its holdings in shares of Verifone Systems, Inc. (NYSE:PAY) by 56.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,710 shares of the business services provider’s stock after selling 53,635 shares during the quarter. Private Harbour Investment Management & Counsel LLC’s holdings in Verifone Systems were worth $826,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Bbva Compass Bancshares Inc. boosted its stake in Verifone Systems by 1.2% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 19,628 shares of the business services provider’s stock valued at $355,000 after purchasing an additional 229 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in Verifone Systems by 0.3% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 108,304 shares of the business services provider’s stock valued at $2,029,000 after purchasing an additional 281 shares during the period. Hanson & Doremus Investment Management boosted its stake in Verifone Systems by 0.4% during the 2nd quarter. Hanson & Doremus Investment Management now owns 107,215 shares of the business services provider’s stock valued at $1,941,000 after purchasing an additional 455 shares during the period. Comerica Bank boosted its stake in Verifone Systems by 0.5% during the 2nd quarter. Comerica Bank now owns 107,747 shares of the business services provider’s stock valued at $2,120,000 after purchasing an additional 535 shares during the period. Finally, NGAM Advisors L.P. boosted its stake in Verifone Systems by 5.2% during the 2nd quarter. NGAM Advisors L.P. now owns 12,628 shares of the business services provider’s stock valued at $229,000 after purchasing an additional 622 shares during the period.

Shares of Verifone Systems, Inc. (NYSE:PAY) traded up $0.16 on Monday, hitting $17.91. The stock had a trading volume of 1,640,700 shares, compared to its average volume of 1,622,848. Verifone Systems, Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $21.48. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.10 and a current ratio of 1.32. The firm has a market cap of $2,000.00, a PE ratio of 22.11, a PEG ratio of 1.31 and a beta of 2.01.

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

Several analysts recently weighed in on the company. Barclays PLC restated a “hold” rating and set a $22.00 target price on shares of Verifone Systems in a research note on Friday, September 29th. Zacks Investment Research upgraded Verifone Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Citigroup Inc. assumed coverage on Verifone Systems in a research note on Friday, September 15th. They set a “neutral” rating and a $23.00 target price for the company. Bank of America Corporation started coverage on Verifone Systems in a research note on Tuesday, September 12th. They set an “underperform” rating and a $19.00 target price for the company. Finally, BTIG Research reiterated a “hold” rating on shares of Verifone Systems in a research report on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the company’s stock. Verifone Systems currently has a consensus rating of “Hold” and an average target price of $19.15.

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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.

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

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