Axa raised its position in Verifone Systems, Inc. (NYSE:PAY) by 217.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,900 shares of the business services provider’s stock after acquiring an additional 138,200 shares during the quarter. Axa owned approximately 0.18% of Verifone Systems worth $3,654,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PAY. BlackRock Inc. grew its position in Verifone Systems by 12,855.8% in the 1st quarter. BlackRock Inc. now owns 14,685,676 shares of the business services provider’s stock valued at $275,064,000 after acquiring an additional 14,572,324 shares in the last quarter. Bank of New York Mellon Corp grew its position in Verifone Systems by 300.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,026,621 shares of the business services provider’s stock valued at $90,982,000 after acquiring an additional 3,770,155 shares in the last quarter. Alliancebernstein L.P. grew its position in Verifone Systems by 55.1% in the 1st quarter. Alliancebernstein L.P. now owns 4,002,962 shares of the business services provider’s stock valued at $74,975,000 after acquiring an additional 1,422,307 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Verifone Systems by 51.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,049,305 shares of the business services provider’s stock valued at $57,115,000 after acquiring an additional 1,041,365 shares in the last quarter. Finally, Causeway Capital Management LLC grew its position in Verifone Systems by 11.5% in the 1st quarter. Causeway Capital Management LLC now owns 7,981,839 shares of the business services provider’s stock valued at $171,223,000 after acquiring an additional 823,780 shares in the last quarter.

PAY has been the subject of several research reports. Zacks Investment Research downgraded Verifone Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, May 23rd. Royal Bank Of Canada lowered their price objective on Verifone Systems from $23.00 to $20.00 and set a “sector perform” rating for the company in a research report on Friday, June 9th. Barclays PLC reissued an “equal weight” rating and set a $20.00 price objective (down from $22.00) on shares of Verifone Systems in a research report on Sunday, June 11th. BTIG Research reissued a “neutral” rating on shares of Verifone Systems in a research report on Monday, June 12th. Finally, Imperial Capital lowered their price objective on Verifone Systems from $20.00 to $19.00 and set an “in-line” rating for the company in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $19.08.

Verifone Systems, Inc. (NYSE:PAY) opened at 20.86 on Monday. The firm’s market capitalization is $2.34 billion. Verifone Systems, Inc. has a one year low of $14.94 and a one year high of $21.48. The company has a 50-day moving average price of $19.43 and a 200-day moving average price of $18.76.

Verifone Systems (NYSE:PAY) last issued its quarterly earnings data on Thursday, September 7th. The business services provider reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. Verifone Systems had a positive return on equity of 11.19% and a negative net margin of 9.76%. The firm had revenue of $466.90 million during the quarter, compared to analyst estimates of $464.13 million. During the same quarter last year, the firm earned $0.42 EPS. Verifone Systems’s quarterly revenue was down 5.2% on a year-over-year basis. On average, equities research analysts anticipate that Verifone Systems, Inc. will post $1.30 EPS for the current year.

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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.

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

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