SFE Investment Counsel lifted its holdings in VeriFone Systems Inc (NYSE:PAY) by 10.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,096 shares of the business services provider’s stock after buying an additional 6,809 shares during the period. SFE Investment Counsel’s holdings in VeriFone Systems were worth $1,224,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Thrivent Financial For Lutherans raised its holdings in shares of VeriFone Systems by 8.4% during the second quarter. Thrivent Financial For Lutherans now owns 22,700 shares of the business services provider’s stock worth $411,000 after acquiring an additional 1,750 shares in the last quarter. ING Groep NV raised its holdings in shares of VeriFone Systems by 23.6% during the fourth quarter. ING Groep NV now owns 16,930 shares of the business services provider’s stock worth $300,000 after acquiring an additional 3,233 shares in the last quarter. Hanson & Doremus Investment Management raised its holdings in shares of VeriFone Systems by 3.4% during the third quarter. Hanson & Doremus Investment Management now owns 110,905 shares of the business services provider’s stock worth $2,249,000 after acquiring an additional 3,690 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in shares of VeriFone Systems by 25.5% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 20,488 shares of the business services provider’s stock worth $363,000 after acquiring an additional 4,167 shares in the last quarter. Finally, Catalyst Capital Advisors LLC raised its holdings in shares of VeriFone Systems by 12.7% during the third quarter. Catalyst Capital Advisors LLC now owns 44,500 shares of the business services provider’s stock worth $902,000 after acquiring an additional 5,000 shares in the last quarter.

VeriFone Systems Inc (NYSE PAY) opened at $17.36 on Thursday. VeriFone Systems Inc has a 1-year low of $16.00 and a 1-year high of $21.48. The company has a current ratio of 1.33, a quick ratio of 1.09 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $1,943.02, a PE ratio of -11.20, a price-to-earnings-growth ratio of 1.76 and a beta of 1.79.

VeriFone Systems (NYSE:PAY) last posted its earnings results on Tuesday, December 12th. The business services provider reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.01. VeriFone Systems had a positive return on equity of 13.52% and a negative net margin of 9.29%. The company had revenue of $477.00 million for the quarter, compared to analyst estimates of $472.33 million. During the same period last year, the company earned $0.30 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. equities research analysts anticipate that VeriFone Systems Inc will post 1.2 EPS for the current year.

VeriFone Systems declared that its board has authorized a stock buyback plan on Tuesday, December 12th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Several analysts recently issued reports on PAY shares. Tigress Financial reiterated a “buy” rating on shares of VeriFone Systems in a report on Tuesday, December 19th. Raymond James Financial lowered VeriFone Systems from a “strong-buy” rating to an “outperform” rating in a report on Sunday, November 26th. Credit Suisse Group increased their price objective on VeriFone Systems from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, December 13th. Argus reiterated a “hold” rating on shares of VeriFone Systems in a report on Tuesday, December 26th. Finally, Zacks Investment Research lowered VeriFone Systems from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $20.15.

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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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