Sphinx Trading LP purchased a new stake in VeriFone Systems Inc (NYSE:PAY) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 14,000 shares of the business services provider’s stock, valued at approximately $319,000. VeriFone Systems accounts for 1.4% of Sphinx Trading LP’s portfolio, making the stock its 20th largest holding.
Other large investors also recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. acquired a new position in shares of VeriFone Systems during the fourth quarter valued at $123,000. Cerebellum GP LLC bought a new stake in shares of VeriFone Systems in the second quarter worth about $182,000. Stone Ridge Asset Management LLC bought a new stake in shares of VeriFone Systems in the fourth quarter worth about $186,000. BKS Advisors LLC bought a new stake in shares of VeriFone Systems in the first quarter worth about $163,000. Finally, Signition LP bought a new stake in shares of VeriFone Systems in the first quarter worth about $178,000. Hedge funds and other institutional investors own 95.09% of the company’s stock.
NYSE:PAY opened at $22.94 on Thursday. VeriFone Systems Inc has a 1-year low of $14.90 and a 1-year high of $23.14. The company has a quick ratio of 1.22, a current ratio of 1.46 and a debt-to-equity ratio of 1.09. The company has a market cap of $2.54 billion, a P/E ratio of 23.89, a PEG ratio of 1.26 and a beta of 1.45.
VeriFone Systems (NYSE:PAY) last posted its quarterly earnings data on Friday, June 8th. The business services provider reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.05). VeriFone Systems had a positive return on equity of 13.72% and a negative net margin of 4.27%. The company had revenue of $438.40 million for the quarter, compared to the consensus estimate of $435.46 million. equities research analysts forecast that VeriFone Systems Inc will post 1.22 earnings per share for the current year.
A number of research firms recently issued reports on PAY. Tigress Financial downgraded VeriFone Systems from a “buy” rating to a “neutral” rating in a report on Wednesday, April 11th. Zacks Investment Research upgraded VeriFone Systems from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Wednesday, April 11th. TheStreet upgraded VeriFone Systems from a “d+” rating to a “c-” rating in a report on Monday, April 16th. Finally, Jefferies Financial Group downgraded VeriFone Systems from a “buy” rating to a “hold” rating and set a $23.00 price objective for the company. in a report on Monday, April 16th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $21.34.
VeriFone Systems Company Profile
VeriFone Systems, Inc provides payments and commerce solutions at the point of sale (POS) worldwide. It offers countertop solutions that accept payment options, including contactless, NFC, mobile wallets, and EMV; PIN pads that support credit and debit card, EBT, EMV, and other PIN-based transactions; and multilane consumer facing commerce devices.
Further Reading: Outstanding Shares and The Effect on Share Price
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