Teacher Retirement System of Texas Sells 2,431 Shares of VeriFone Systems Inc (PAY)

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Teacher Retirement System of Texas decreased its position in VeriFone Systems Inc (NYSE:PAY) by 9.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,394 shares of the business services provider’s stock after selling 2,431 shares during the period. Teacher Retirement System of Texas’ holdings in VeriFone Systems were worth $511,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Whittier Trust Co. boosted its holdings in VeriFone Systems by 4.7% during the second quarter. Whittier Trust Co. now owns 50,384 shares of the business services provider’s stock worth $1,149,000 after buying an additional 2,249 shares during the last quarter. Xact Kapitalforvaltning AB boosted its holdings in VeriFone Systems by 27.9% during the first quarter. Xact Kapitalforvaltning AB now owns 15,583 shares of the business services provider’s stock worth $240,000 after buying an additional 3,400 shares during the last quarter. Royal Bank of Canada boosted its holdings in VeriFone Systems by 4.2% during the first quarter. Royal Bank of Canada now owns 109,201 shares of the business services provider’s stock worth $1,678,000 after buying an additional 4,365 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in VeriFone Systems by 1.0% during the first quarter. Principal Financial Group Inc. now owns 478,791 shares of the business services provider’s stock worth $7,364,000 after buying an additional 4,940 shares during the last quarter. Finally, Paradice Investment Management LLC boosted its holdings in VeriFone Systems by 0.8% during the second quarter. Paradice Investment Management LLC now owns 868,879 shares of the business services provider’s stock worth $19,828,000 after buying an additional 6,971 shares during the last quarter. Institutional investors and hedge funds own 87.46% of the company’s stock.

Shares of PAY opened at $23.03 on Thursday. 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 Inc has a 1 year low of $14.90 and a 1 year high of $23.14. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 24.24, a P/E/G ratio of 1.27 and a beta of 1.45.

VeriFone Systems (NYSE:PAY) last issued its earnings results on Friday, June 8th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.05). VeriFone Systems had a positive return on equity of 13.72% and a negative net margin of 4.27%. The company had revenue of $438.40 million for the quarter, compared to the consensus estimate of $435.46 million. equities analysts predict that VeriFone Systems Inc will post 1.21 earnings per share for the current 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.

Read More: Outstanding Shares and The Effect on Share Price

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

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