Retirement Systems of Alabama boosted its holdings in shares of Verifone Systems, Inc. (NYSE:PAY) by 5.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 484,383 shares of the business services provider’s stock after buying an additional 25,409 shares during the period. Retirement Systems of Alabama owned about 0.43% of Verifone Systems worth $9,823,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. BlackRock Inc. boosted its stake in Verifone Systems by 13.5% during the second quarter. BlackRock Inc. now owns 16,668,535 shares of the business services provider’s stock worth $301,702,000 after buying an additional 1,982,859 shares in the last quarter. Vanguard Group Inc. boosted its stake in Verifone Systems by 4.2% during the second quarter. Vanguard Group Inc. now owns 9,365,370 shares of the business services provider’s stock worth $169,513,000 after buying an additional 376,008 shares in the last quarter. Bank of New York Mellon Corp boosted its stake 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 in the last quarter. Alliancebernstein L.P. boosted its stake in Verifone Systems by 18.6% during the second quarter. Alliancebernstein L.P. now owns 4,745,833 shares of the business services provider’s stock worth $85,900,000 after buying an additional 742,871 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Verifone Systems by 11.4% during the third quarter. Fisher Asset Management LLC now owns 4,110,364 shares of the business services provider’s stock worth $83,358,000 after buying an additional 421,203 shares in the last quarter.

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Several equities research analysts have recently commented on the stock. Citigroup Inc. assumed coverage on shares of Verifone Systems in a research note on Friday, September 15th. They issued a “neutral” rating and a $23.00 target price on the stock. Piper Jaffray Companies restated a “hold” rating and issued a $20.00 target price on shares of Verifone Systems in a research note on Friday, September 8th. Jefferies Group LLC restated a “buy” rating and issued a $23.00 target price (up previously from $20.00) on shares of Verifone Systems in a research note on Monday, September 11th. Zacks Investment Research downgraded shares of Verifone Systems from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. Finally, BidaskClub downgraded shares of Verifone Systems from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $19.33.

Shares of Verifone Systems, Inc. (NYSE:PAY) opened at $17.30 on Friday. The firm has a market capitalization of $1,920.00, a PE ratio of 21.84, a price-to-earnings-growth ratio of 1.30 and a beta of 2.01. Verifone Systems, Inc. has a twelve month low of $15.10 and a twelve month high of $21.48. 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 (NYSE:PAY) last announced its quarterly earnings data on Thursday, September 7th. The business services provider reported $0.36 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate 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 company’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.42 EPS. equities analysts anticipate that Verifone Systems, Inc. will post 0.99 earnings per share for the current fiscal year.

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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