Dimensional Fund Advisors LP raised its holdings in Verifone Systems, Inc. (NYSE:PAY) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,136,368 shares of the business services provider’s stock after purchasing an additional 87,063 shares during the period. Dimensional Fund Advisors LP owned 2.80% of Verifone Systems worth $56,768,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PAY. UBS Asset Management Americas Inc. increased its stake in shares of Verifone Systems by 14.2% in the first quarter. UBS Asset Management Americas Inc. now owns 92,095 shares of the business services provider’s stock worth $1,725,000 after purchasing an additional 11,417 shares in the last quarter. Karp Capital Management Corp purchased a new position in shares of Verifone Systems in the first quarter worth about $265,000. JPMorgan Chase & Co. increased its stake in shares of Verifone Systems by 5.6% in the first quarter. JPMorgan Chase & Co. now owns 72,890 shares of the business services provider’s stock worth $1,365,000 after purchasing an additional 3,890 shares in the last quarter. Credit Agricole S A increased its stake in shares of Verifone Systems by 93.6% in the first quarter. Credit Agricole S A now owns 25,501 shares of the business services provider’s stock worth $478,000 after purchasing an additional 12,326 shares in the last quarter. Finally, OppenheimerFunds Inc. increased its stake in shares of Verifone Systems by 12.6% in the first quarter. OppenheimerFunds Inc. now owns 26,012 shares of the business services provider’s stock worth $487,000 after purchasing an additional 2,901 shares in the last quarter.

Several equities analysts have recently weighed in on PAY shares. BidaskClub upgraded shares of Verifone Systems from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Piper Jaffray Companies reiterated a “hold” rating and issued a $20.00 target price on shares of Verifone Systems in a research note on Friday, September 8th. Citigroup Inc. started coverage on shares of Verifone Systems in a research note on Friday, September 15th. They issued a “neutral” rating and a $23.00 target price for the company. Jefferies Group LLC reiterated a “buy” rating and issued a $23.00 target price (up previously from $20.00) on shares of Verifone Systems in a research note on Monday, September 11th. Finally, Zacks Investment Research downgraded shares of Verifone Systems from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $19.20.

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Shares of Verifone Systems, Inc. (NYSE PAY) opened at 20.30 on Tuesday. The firm’s 50-day moving average is $20.32 and its 200 day moving average is $18.91. Verifone Systems, Inc. has a 12 month low of $14.94 and a 12 month high of $21.48. The company’s market capitalization is $2.28 billion.

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

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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