American Century Companies Inc. lessened its stake in VeriFone Systems Inc (NYSE:PAY) by 78.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 241,129 shares of the business services provider’s stock after selling 887,420 shares during the quarter. American Century Companies Inc.’s holdings in VeriFone Systems were worth $5,503,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of VeriFone Systems by 11.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,107,796 shares of the business services provider’s stock valued at $47,798,000 after purchasing an additional 311,190 shares in the last quarter. Northern Trust Corp boosted its stake in shares of VeriFone Systems by 0.5% in the 1st quarter. Northern Trust Corp now owns 1,619,972 shares of the business services provider’s stock valued at $24,915,000 after purchasing an additional 8,332 shares in the last quarter. LMR Partners LLP purchased a new stake in shares of VeriFone Systems in the 2nd quarter valued at $25,867,000. Palisade Capital Management LLC NJ boosted its stake in shares of VeriFone Systems by 16.8% in the 1st quarter. Palisade Capital Management LLC NJ now owns 976,395 shares of the business services provider’s stock valued at $15,017,000 after purchasing an additional 140,438 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of VeriFone Systems by 4.4% in the 1st quarter. Wells Fargo & Company MN now owns 927,155 shares of the business services provider’s stock valued at $14,260,000 after purchasing an additional 39,254 shares in the last quarter. 87.46% of the stock is owned by institutional investors.
Shares of VeriFone Systems stock opened at $23.03 on Friday. VeriFone Systems Inc has a 52-week low of $14.90 and a 52-week high of $23.14. The firm has a market capitalization of $2.55 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 1.27 and a beta of 1.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.46 and a quick ratio of 1.22.
VeriFone Systems (NYSE:PAY) last announced its quarterly earnings data 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 negative net margin of 4.27% and a positive return on equity of 13.72%. The business had revenue of $438.40 million during the quarter, compared to analysts’ expectations of $435.46 million. equities research analysts forecast that VeriFone Systems Inc will post 1.21 EPS for the current year.
VeriFone Systems Company 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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