South Dakota Investment Council Holds Position in Verifone Systems, Inc. (NYSE:PAY)

South Dakota Investment Council continued to hold its stake in Verifone Systems, Inc. (NYSE:PAY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 508,591 shares of the business services provider’s stock at the close of the 2nd quarter. South Dakota Investment Council owned about 0.45% of Verifone Systems worth $9,205,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC lifted its holdings in Verifone Systems by 0.5% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 19,228 shares of the business services provider’s stock worth $360,000 after acquiring an additional 104 shares in the last quarter. Bbva Compass Bancshares Inc. lifted its holdings in Verifone Systems by 1.2% during the second quarter. Bbva Compass Bancshares Inc. now owns 19,628 shares of the business services provider’s stock worth $355,000 after acquiring an additional 229 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Verifone Systems by 1.9% during the first quarter. Private Advisor Group LLC now owns 12,960 shares of the business services provider’s stock worth $233,000 after acquiring an additional 245 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in Verifone Systems by 0.3% during the first quarter. Metropolitan Life Insurance Co. NY now owns 108,304 shares of the business services provider’s stock worth $2,029,000 after acquiring an additional 281 shares in the last quarter. Finally, Hanson & Doremus Investment Management lifted its holdings in Verifone Systems by 0.4% during the second quarter. Hanson & Doremus Investment Management now owns 107,215 shares of the business services provider’s stock worth $1,941,000 after acquiring an additional 455 shares in the last quarter.

Verifone Systems, Inc. (NYSE PAY) traded up 0.82% during trading on Friday, hitting $20.85. 538,409 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $19.40 and a 200 day moving average price of $18.76. Verifone Systems, Inc. has a 52-week low of $14.94 and a 52-week high of $21.48. The company’s market cap is $2.34 billion.

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

Several research analysts have weighed in on PAY shares. Zacks Investment Research lowered Verifone Systems from a “hold” rating to a “sell” rating in a report on Tuesday, May 23rd. Royal Bank Of Canada lowered their price target on Verifone Systems from $23.00 to $20.00 and set a “sector perform” rating on the stock in a research report on Friday, June 9th. Barclays PLC reissued an “equal weight” rating and set a $20.00 price target (down previously 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 cut their price target on Verifone Systems from $20.00 to $19.00 and set an “in-line” rating for the company in a research note 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 stock. The company currently has an average rating of “Hold” and an average price target of $19.08.

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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.

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

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