Northwestern Mutual Investment Management Company LLC lowered its holdings in shares of Verifone Systems, Inc. (NYSE:PAY) by 1.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 19,025 shares of the business services provider’s stock after selling 203 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Verifone Systems were worth $353,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. BlackRock Inc. grew its holdings 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 purchasing an additional 14,572,324 shares during the period. Vanguard Group Inc. grew its holdings in Verifone Systems by 4.2% during the first quarter. Vanguard Group Inc. now owns 8,989,362 shares of the business services provider’s stock worth $168,371,000 after purchasing an additional 359,577 shares during the period. Causeway Capital Management LLC grew its holdings in Verifone Systems by 11.5% during the first quarter. Causeway Capital Management LLC now owns 7,981,839 shares of the business services provider’s stock worth $171,223,000 after purchasing an additional 823,780 shares during the period. Bank of New York Mellon Corp grew its holdings 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 purchasing an additional 3,770,155 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in Verifone Systems by 55.1% during the first quarter. Alliancebernstein L.P. now owns 4,002,962 shares of the business services provider’s stock worth $74,975,000 after purchasing an additional 1,422,307 shares during the period.

Shares of Verifone Systems, Inc. (PAY) opened at 20.86 on Friday. The stock has a 50 day moving average of $19.43 and a 200-day moving average of $18.76. Verifone Systems, Inc. has a 52-week low of $14.94 and a 52-week high of $21.48. The firm’s market capitalization is $2.34 billion.

Verifone Systems (NYSE:PAY) last released its quarterly earnings data on Thursday, September 7th. The business services provider reported $0.36 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The company had revenue of $466.90 million during the quarter, compared to the consensus estimate of $464.13 million. Verifone Systems had a negative net margin of 9.76% and a positive return on equity of 11.19%. Verifone Systems’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period last year, the firm earned $0.42 EPS. Equities analysts expect that Verifone Systems, Inc. will post $1.30 earnings per share for the current fiscal year.

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A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Verifone Systems from a “sell” rating to a “hold” rating in a report on Thursday. Bank of America Corporation initiated coverage on shares of Verifone Systems in a research report on Tuesday, September 12th. They set an “underperform” rating and a $19.00 price objective for the company. Citigroup Inc. initiated coverage on shares of Verifone Systems in a research report on Friday. They set a “neutral” rating and a $23.00 price objective for the company. BidaskClub downgraded shares of Verifone Systems from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Jefferies Group LLC restated a “buy” rating and set a $23.00 price objective (up from $20.00) 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 issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.08.

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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