Gamco Investors INC. ET AL purchased a new position in shares of VeriFone Systems Inc (NYSE:PAY) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 93,125 shares of the business services provider’s stock, valued at approximately $2,125,000. Gamco Investors INC. ET AL owned 0.08% of VeriFone Systems at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in PAY. Gabelli Funds LLC raised its stake in shares of VeriFone Systems by 7,179.4% in the 2nd quarter. Gabelli Funds LLC now owns 1,091,913 shares of the business services provider’s stock valued at $24,917,000 after purchasing an additional 1,076,913 shares in the last quarter. Chicago Capital Management LLC acquired a new stake in VeriFone Systems during the second quarter worth about $19,154,000. Mint Tower Capital Management B.V. acquired a new stake in VeriFone Systems during the second quarter worth about $1,141,000. BlackRock Inc. raised its stake in VeriFone Systems by 3.6% during the second quarter. BlackRock Inc. now owns 12,119,677 shares of the business services provider’s stock worth $276,572,000 after acquiring an additional 424,462 shares during the period. Finally, GAM Holding AG acquired a new stake in VeriFone Systems during the second quarter worth about $4,176,000. 87.46% of the stock is owned by hedge funds and other institutional investors.
PAY opened at $23.03 on Thursday. The stock has a market cap of $2.55 billion, a P/E ratio of 24.24, a price-to-earnings-growth ratio of 1.27 and a beta of 1.45. VeriFone Systems Inc has a fifty-two week low of $14.90 and a fifty-two week high of $23.14. The company has a current ratio of 1.46, a quick ratio of 1.22 and a debt-to-equity ratio of 1.09.
VeriFone Systems (NYSE:PAY) last posted its earnings results on Friday, June 8th. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.05). The firm had revenue of $438.40 million during the quarter, compared to the consensus estimate of $435.46 million. VeriFone Systems had a positive return on equity of 13.72% and a negative net margin of 4.27%. sell-side analysts predict that VeriFone Systems Inc will post 1.21 earnings per share for the current fiscal year.
VeriFone Systems Profile
VeriFone Systems, Inc provides payments and commerce solutions at the point of sale (POS) worldwide. It offers countertop solutions that accept payment options, including contactless, NFC, mobile wallets, and EMV; PIN pads that support credit and debit card, EBT, EMV, and other PIN-based transactions; and multilane consumer facing commerce devices.
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