Big Money Love Verifone Inc (NYSE:PAY), Sentiment at 1.08

May 3, 2018 - By Joshua Cleveland

VeriFone Systems, Inc. (NYSE:PAY) Corporate Logo

Verifone Inc’s Sentiment

“Big money sentiment for Verifone Inc (NYSE:PAY) in Q4 2017 increased to 1.08, according to SEC filings. That’s up 0.20, from 2017Q3’s 0.88. 113 investment managers opened new or increased positions, while 105 cut down and sold stock positions in Verifone Inc so the sentiment is more positive. These funds own 112.41 million shares, that’s down from 114.66 million shares in 2017Q3. Funds holding Verifone Inc in top 10 changed to 1 from 1 for the same number . In total 35 funds closed positions, 70 reduced and 73 increased. Also 40 funds bought new Verifone Inc stakes.

Most Verifone Inc Shareholders

As of Q4 2017 Lapides Asset Management Llc has 4.29% invested in Verifone Inc. Verifone Inc’s shareholder Guinness Atkinson Asset Management Inc owns 306,710 shares as of Q4 2017. Furthermore, Snow Capital Management Lp reported 3.88 million shares in Verifone Inc equivalent to 3.06% of its stocks portfolio. The Illinois-based fund Sg Capital Management Llc have invested about 2.19% of the fund’s stock portfolio in Verifone Inc. The Arkansas-based fund Horrell Capital Management Inc. looks positive on Verifone Inc, possessing 225,000 shares.

VeriFone Systems, Inc. provides payments and commerce solutions at the point of sale worldwide.The firm is worth $2.53 billion. It offers countertop solutions that accept payment options, such as contactless, NFC, mobile wallets, and EMV; PIN pads that support credit and debit card, EBT, EMV, and other PIN transactions; and multimedia consumer facing POS devices.Currently it has negative earnings. The firm also provides portable payment devices, including small, portable, and handheld devices that enable merchants to accept electronic payments wherever wireless connectivity is available; and mobile solutions that attach to and interface with iOS, Android, or Windows smartphones and tablets.

Ticker’s shares touched $22.83 during the last trading session after 0.39% change.Currently VeriFone Systems, Inc. is downtrending after 17.61% change in last May 3, 2017. PAY has also 1.52 million shares volume. The stock underperformed the S&P 500 by 29.16%.

On June, 14 VeriFone Systems, Inc. (NYSE:PAY)’s earnings release is expected by WallStreet, according to Faxor. The earnings per share diference is $0.02 or 10.00 % up from last years number. Previous year: $0.2; Analysts forcast: $0.22. PAY’s profit could reach $24.36 million with 25.94 P/E in case $0.22 earnings per share is reported. 37.50 % EPS growth is what analysts predict. $0.16 earnings per share was reported for last quarter.

Letko Brosseau Assoc Incorporated holds 0.42% or 2.72M shs. Cambiar Invsts Ltd Liability accumulated 625,195 shs. 1.33 million were reported by Epoch Inv Prtnrs. Fisher Asset Mngmt Ltd invested in 0.1% or 4.18M shs. First Manhattan owns 495 shs or 0% of their US capital. Dubuque Bank & Trust Trust invested in 27,438 shs or 0.07% of the stock. Peak6 Invs Lp holds 52,214 shs or 0% of its capital. 11,240 were accumulated by Fdx Incorporated. Fuller And Thaler Asset Management holds 0.91% or 4.26 million shs. American International Grp invested in 0.02% or 304,864 shs. 196,900 are held by Ny State Teachers Retirement System. Hsbc Public Limited Com has 0% invested in VeriFone Systems, Inc. (NYSE:PAY). Susquehanna International Group Incorporated Limited Liability Partnership invested in 0% or 141,732 shs. Jane Street Llc reported 175,323 shs. Stone Ridge Asset Management Lc has invested 0.01% in VeriFone Systems, Inc. (NYSE:PAY).

VeriFone Systems, Inc. (NYSE:PAY) Ratings Coverage

A total of 11 analysts rate Verifone (NYSE:PAY) as follows: 2 “Buy”, 9 “Hold” and 0 “Sell”. Тherefore 18% are bullish. (NYSE:PAY) has 13 ratings reports on 3 May 2018 according to StockzIntelligence. On Wednesday, December 13 Credit Suisse maintained the shares of PAY in report with “Neutral” rating. The company rating was maintained by Citigroup on Tuesday, April 10. On Tuesday, April 10 JP Morgan maintained the shares of PAY in report with “Neutral” rating. On Tuesday, November 14 RBC Capital Markets maintained the shares of PAY in report with “Hold” rating. On Tuesday, December 19 the rating was maintained by Tigress Financial with “Buy”. In Thursday, November 16 report Raymond James downgraded the stock to “Outperform” rating. On Monday, December 11 Raymond James maintained VeriFone Systems, Inc. (NYSE:PAY) rating. Raymond James has “Buy” rating and $22.0 target. On Thursday, March 8 BTIG Research maintained VeriFone Systems, Inc. (NYSE:PAY) with “Hold” rating. On Tuesday, April 10 the firm earned “Hold” rating by SunTrust. On Monday, April 16 Jefferies downgraded the shares of PAY in report to “Hold” rating.

VeriFone Systems, Inc. (NYSE:PAY) Institutional Investors Chart

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