Eagle Boston Investment Management Inc. increased its stake in shares of Verifone Systems, Inc. (NYSE:PAY) by 15.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 434,437 shares of the business services provider’s stock after buying an additional 58,276 shares during the period. Eagle Boston Investment Management Inc. owned approximately 0.39% of Verifone Systems worth $7,863,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Covington Investment Advisors Inc. increased its stake in shares of Verifone Systems by 2.1% in the second quarter. Covington Investment Advisors Inc. now owns 116,155 shares of the business services provider’s stock valued at $2,102,000 after buying an additional 2,425 shares in the last quarter. Wesbanco Bank Inc. bought a new stake in shares of Verifone Systems during the second quarter valued at about $606,000. Principal Financial Group Inc. increased its stake in shares of Verifone Systems by 2.9% in the second quarter. Principal Financial Group Inc. now owns 470,244 shares of the business services provider’s stock valued at $8,511,000 after buying an additional 13,431 shares in the last quarter. Paradice Investment Management LLC increased its stake in shares of Verifone Systems by 28.9% in the second quarter. Paradice Investment Management LLC now owns 495,380 shares of the business services provider’s stock valued at $8,966,000 after buying an additional 111,200 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its stake in shares of Verifone Systems by 59.1% in the second quarter. Neuberger Berman Group LLC now owns 1,349,065 shares of the business services provider’s stock valued at $24,418,000 after buying an additional 501,348 shares in the last quarter.

Verifone Systems, Inc. (NYSE PAY) opened at 19.77 on Friday. The stock’s 50 day moving average is $19.33 and its 200 day moving average is $18.74. Verifone Systems, Inc. has a 12 month low of $14.94 and a 12 month high of $20.98. The company’s market cap is $2.21 billion.

Verifone Systems (NYSE:PAY) last announced its earnings results on Thursday, June 8th. The business services provider reported $0.30 EPS for the quarter, hitting the consensus estimate of $0.30. The firm had revenue of $474 million for the quarter, compared to the consensus estimate of $472.80 million. Verifone Systems had a negative net margin of 7.53% and a positive return on equity of 11.55%. The business’s quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. Equities analysts predict that Verifone Systems, Inc. will post $1.33 earnings per share for the current year.

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Several analysts recently issued reports on the company. BidaskClub upgraded Verifone Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Zacks Investment Research downgraded Verifone Systems from a “hold” rating to a “sell” rating in a report on Monday, August 14th. BMO Capital Markets lowered their price target on Verifone Systems from $21.00 to $20.00 and set a “market perform” rating for the company in a report on Friday, June 16th. Imperial Capital lowered their price target on Verifone Systems from $20.00 to $19.00 and set an “in-line” rating for the company in a report on Tuesday, June 13th. Finally, BTIG Research reiterated a “neutral” rating on shares of Verifone Systems in a report on Monday, June 12th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.73.

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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