Cipher Capital LP lowered its stake in Verifone Systems, Inc. (NYSE:PAY) by 23.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,084 shares of the business services provider’s stock after selling 11,617 shares during the quarter. Cipher Capital LP’s holdings in Verifone Systems were worth $772,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC increased its stake in shares of Verifone Systems by 80.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,693 shares of the business services provider’s stock valued at $121,000 after acquiring an additional 2,993 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Verifone Systems by 22.3% in the 2nd quarter. LS Investment Advisors LLC now owns 9,213 shares of the business services provider’s stock valued at $167,000 after acquiring an additional 1,679 shares in the last quarter. Timber Hill LLC bought a new stake in shares of Verifone Systems in the 2nd quarter valued at $214,000. NGAM Advisors L.P. increased its stake in shares of Verifone Systems by 5.2% in the 2nd quarter. NGAM Advisors L.P. now owns 12,628 shares of the business services provider’s stock valued at $229,000 after acquiring an additional 622 shares in the last quarter. Finally, ING Groep NV bought a new stake in shares of Verifone Systems in the 2nd quarter valued at $246,000.

Verifone Systems, Inc. (PAY) traded up $0.09 during midday trading on Friday, reaching $17.56. 293,496 shares of the company traded hands, compared to its average volume of 1,179,591. Verifone Systems, Inc. has a twelve month low of $15.10 and a twelve month 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. The firm has a market cap of $1,963.84, a P/E ratio of 21.68, a P/E/G ratio of 1.31 and a beta of 2.01.

Verifone Systems (NYSE:PAY) last posted its quarterly earnings results on Thursday, September 7th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. The business had revenue of $466.90 million during the quarter, compared to the consensus estimate 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 last year, the firm posted $0.42 EPS. sell-side analysts anticipate that Verifone Systems, Inc. will post 0.99 EPS for the current fiscal year.

Several research firms have recently weighed in on PAY. Raymond James Financial, Inc. lowered shares of Verifone Systems from a “strong-buy” rating to an “outperform” rating in a research note on Sunday. UBS AG lowered shares of Verifone Systems from a “strong-buy” rating to an “outperform” rating in a research note 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 PLC reissued a “hold” rating and issued a $22.00 price target on shares of Verifone Systems in a research report on Friday, September 29th. Finally, Citigroup Inc. began coverage on shares of Verifone Systems in a research report on Friday, September 15th. They issued a “neutral” rating and a $23.00 price target for the company. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $19.33.

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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.

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Institutional Ownership by Quarter for Verifone Systems (NYSE:PAY)

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