Pay88 Q4 2017 Big Money Sentiment Better Than Expected: at 1.08

May 3, 2018 - By Bridget Boland

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

Pay88’s Sentiment

In 2017 Q4 Pay88 (NYSE:PAY) big money sentiment increased to 1.08, SEC filings reveal. So its up 0.20, from 2017Q3’s 0.88. 113 investment managers started new and increased holdings, while 105 decreased and sold holdings in Pay88 so the sentiment is positive. These funds own 112.41 million shares, that’s down from 114.66 million shares in 2017Q3. Funds holding Pay88 in top 10 was flat from 1 to 1 for the same number . 35 Investors Sold All; 70 Reduced Holdings; 73 increased holdings while 40 investment managers bought holdings.

Largest Pay88 Investors

Lapides Asset Management Llc owns 1.12 million shares in Pay88 as of 2017 Q4. As of 2017 Q4, 306,710 shares of Pay88 are owned by Guinness Atkinson Asset Management Inc. Snow Capital Management Lp reported 3.88 million shares. Sg Capital Management Llc revealed 619,407 shares position in Pay88. The Arkansas-based fund Horrell Capital Management Inc. looks positive on Pay88, having 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.

PAY hit $22.83 during the last trading session after $0.09 change.Currently VeriFone Systems, Inc. is downtrending after 17.61% change in last May 3, 2017. PAY has also 1.52 million shares volume. PAY underperformed by 29.16% the S&P 500.

VeriFone Systems, Inc. (NYSE:PAY) is awaited to publish earnings on June, 14., according to Faxor. Analysts predict $0.22 earnings per share, which is $0.02 up or 10.00 % from 2017’s $0.2 earnings per share. If the current earnings per share of $0.22 is accurate, PAY’s profit could be $24.36 million. 37.50 % EPS growth is what analysts predict. $0.16 earnings per share was revealed for last quarter.

Hanson Doremus Invest Mngmt holds 0.64% in VeriFone Systems, Inc. (NYSE:PAY) or 108,764 shs. Northern Tru Corp reported 1.61 million shs. 175,649 were accumulated by California State Teachers Retirement Systems. Stone Ridge Asset Mgmt Ltd holds 0.01% or 10,503 shs in its capital. Cipher Cap Limited Partnership holds 69,843 shs. Retirement Systems Of Alabama stated it has 0.01% of its capital in VeriFone Systems, Inc. (NYSE:PAY). Polar Asset Mgmt Ptnrs Inc has 745,300 shs for 0.21% of their capital. Profund Limited Liability Company, a Maryland-based fund reported 16,919 shs. Gemmer Asset Management Limited Liability Corp has 0% invested in VeriFone Systems, Inc. (NYSE:PAY). First Mercantile Co holds 0.05% or 15,080 shs. First Quadrant Limited Partnership Ca holds 0% or 3,600 shs. Federated Invsts Pa owns 46,680 shs. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Management holds 0.03% or 179,420 shs. Bluecrest Cap Management reported 0.01% in VeriFone Systems, Inc. (NYSE:PAY). Cap New York reported 0.47% in VeriFone Systems, Inc. (NYSE:PAY).

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

Total analysts of 11 have positions in Verifone (NYSE:PAY) as follows: 2 rated it a “Buy”, 0 with “Sell” and 9 with “Hold”. The positive are 18%. Since November 14, 2017 according to StockzIntelligence Inc Verifone has 13 analyst reports. On Tuesday, April 10 the rating was downgraded by SunTrust to “Hold”. The company rating was maintained by Tigress Financial on Tuesday, December 19. The stock rating was downgraded by Jefferies to “Hold” on Monday, April 16. On Tuesday, April 10 Standpoint Research downgraded VeriFone Systems, Inc. (NYSE:PAY) to “Hold” rating. On Tuesday, April 10 the firm earned “Neutral” rating by Citigroup. In Monday, December 11 report Raymond James maintained it with “Buy” rating and $22.0 target. On Wednesday, December 13 the stock of VeriFone Systems, Inc. (NYSE:PAY) earned “Neutral” rating by Credit Suisse. On Tuesday, November 14 the rating was maintained by RBC Capital Markets with “Hold”. On Thursday, November 16 the firm has “Outperform” rating given by Raymond James. On Monday, April 9 the firm has “Hold” rating by Piper Jaffray given.

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

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