Wesbanco Bank Inc. grew its holdings in Verifone Systems, Inc. (NYSE:PAY) by 72.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,706 shares of the business services provider’s stock after purchasing an additional 24,206 shares during the quarter. Wesbanco Bank Inc. owned about 0.05% of Verifone Systems worth $1,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in PAY. UBS Asset Management Americas Inc. increased its position in Verifone Systems by 14.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 92,095 shares of the business services provider’s stock valued at $1,725,000 after buying an additional 11,417 shares in the last quarter. JPMorgan Chase & Co. increased its position in Verifone Systems by 5.6% in the 1st quarter. JPMorgan Chase & Co. now owns 72,890 shares of the business services provider’s stock valued at $1,365,000 after buying an additional 3,890 shares in the last quarter. OppenheimerFunds Inc. increased its position in Verifone Systems by 12.6% in the 1st quarter. OppenheimerFunds Inc. now owns 26,012 shares of the business services provider’s stock valued at $487,000 after buying an additional 2,901 shares in the last quarter. Legal & General Group Plc increased its position in Verifone Systems by 76.7% in the 1st quarter. Legal & General Group Plc now owns 98,467 shares of the business services provider’s stock valued at $1,845,000 after buying an additional 42,756 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its position in Verifone Systems by 10.6% in the 1st quarter. Thrivent Financial For Lutherans now owns 20,950 shares of the business services provider’s stock valued at $392,000 after buying an additional 2,000 shares in the last quarter.

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Verifone Systems, Inc. (NYSE PAY) traded down $0.14 during mid-day trading on Wednesday, hitting $17.42. The stock had a trading volume of 261,712 shares, compared to its average volume of 1,103,642. The company has a market capitalization of $2,020.88, a price-to-earnings ratio of 22.31, a PEG ratio of 1.33 and a beta of 2.01. The company has a current ratio of 1.32, a quick ratio of 1.10 and a debt-to-equity ratio of 1.04. 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 earnings results on Thursday, September 7th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $466.90 million during 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 quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 earnings per share. equities research analysts anticipate that Verifone Systems, Inc. will post 0.99 earnings per share for the current year.

PAY has been the subject of a number of research analyst reports. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $20.00 target price on shares of Verifone Systems in a research report on Friday, September 8th. Zacks Investment Research lowered Verifone Systems from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Barclays PLC reaffirmed a “hold” rating and issued a $22.00 target price on shares of Verifone Systems in a research report on Friday, September 29th. BidaskClub lowered Verifone Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Finally, BTIG Research reaffirmed 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 issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price 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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