Carret Asset Management LLC lifted its holdings in shares of Verifone Systems, Inc. (NYSE:PAY) by 22.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,100 shares of the business services provider’s stock after purchasing an additional 2,550 shares during the quarter. Carret Asset Management LLC’s holdings in Verifone Systems were worth $255,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Verifone Systems by 13.5% during the second quarter. BlackRock Inc. now owns 16,668,535 shares of the business services provider’s stock worth $301,702,000 after purchasing an additional 1,982,859 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Verifone Systems by 4.2% during the second quarter. Vanguard Group Inc. now owns 9,365,370 shares of the business services provider’s stock worth $169,513,000 after purchasing an additional 376,008 shares during the last quarter. Causeway Capital Management LLC boosted its holdings in shares of Verifone Systems by 11.5% during the first quarter. Causeway Capital Management LLC now owns 7,981,839 shares of the business services provider’s stock worth $171,223,000 after purchasing an additional 823,780 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Verifone Systems by 300.1% during the second 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 purchasing an additional 3,770,155 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Verifone Systems by 18.6% during the second quarter. Alliancebernstein L.P. now owns 4,745,833 shares of the business services provider’s stock worth $85,900,000 after purchasing an additional 742,871 shares during the last quarter.

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Several equities research analysts have recently issued reports on PAY shares. Barclays PLC restated an “equal weight” rating and set a $20.00 price objective (down previously from $22.00) on shares of Verifone Systems in a report on Sunday, June 11th. BTIG Research reiterated a “neutral” rating on shares of Verifone Systems in a report on Monday, June 12th. Imperial Capital reduced their target price on Verifone Systems from $20.00 to $19.00 and set an “in-line” rating on the stock in a report on Tuesday, June 13th. BMO Capital Markets reduced their target price on Verifone Systems from $21.00 to $20.00 and set a “market perform” rating on the stock in a report on Friday, June 16th. Finally, BidaskClub cut Verifone Systems from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. 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 company. Verifone Systems has an average rating of “Hold” and a consensus target price of $19.20.

Shares of Verifone Systems, Inc. (PAY) traded down 1.38% during mid-day trading on Friday, hitting $20.69. The stock had a trading volume of 947,296 shares. Verifone Systems, Inc. has a one year low of $14.94 and a one year high of $21.48. The firm’s 50 day moving average price is $20.10 and its 200-day moving average price is $18.85. The company’s market cap is $2.32 billion.

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

Verifone Systems 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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