Verifone Systems, Inc. (PAY) Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC cut its holdings in Verifone Systems, Inc. (NYSE:PAY) by 22.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,559 shares of the business services provider’s stock after selling 6,133 shares during the quarter. Boothbay Fund Management LLC’s holdings in Verifone Systems were worth $437,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Rhumbline Advisers grew its position in shares of Verifone Systems by 5.0% in the 2nd quarter. Rhumbline Advisers now owns 228,791 shares of the business services provider’s stock worth $4,141,000 after buying an additional 10,875 shares during the period. Bank of New York Mellon Corp grew its position in shares of Verifone Systems by 300.1% in the 2nd 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 during the period. BlackRock Inc. grew its position in shares of Verifone Systems by 13.5% in the 2nd 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 during the period. Capital Management Associates NY purchased a new stake in shares of Verifone Systems in the 3rd quarter worth about $375,000. Finally, SG Americas Securities LLC grew its position in shares of Verifone Systems by 763.1% in the 3rd quarter. SG Americas Securities LLC now owns 74,552 shares of the business services provider’s stock worth $1,512,000 after buying an additional 65,914 shares during the period.

Shares of Verifone Systems, Inc. (PAY) traded down $0.05 during trading on Monday, reaching $18.05. 1,178,500 shares of the company were exchanged, compared to its average volume of 1,583,121. The company has a market cap of $2,040.00, a PE ratio of 22.28, a price-to-earnings-growth ratio of 1.34 and a beta of 1.96. Verifone Systems, Inc. has a 52 week low of $16.03 and a 52 week 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 results on Thursday, September 7th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.36. The company had revenue of $466.90 million for the quarter, compared to analysts’ expectations of $464.13 million. Verifone Systems had a negative net margin of 9.76% and a positive return on equity of 11.19%. Verifone Systems’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 EPS. research analysts anticipate that Verifone Systems, Inc. will post 0.99 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the stock. Raymond James Financial downgraded shares of Verifone Systems from a “strong-buy” rating to an “outperform” rating in a research report on Sunday, November 26th. UBS downgraded shares of Verifone Systems from a “strong-buy” rating to an “outperform” rating in a research report on Thursday, November 16th. Zacks Investment Research downgraded shares of Verifone Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Barclays reaffirmed a “hold” rating and issued a $22.00 target price on shares of Verifone Systems in a research report on Friday, September 29th. Finally, Citigroup assumed coverage on shares of Verifone Systems in a research report on Friday, September 15th. They issued a “neutral” rating and a $23.00 target price on the stock. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $19.61.

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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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