VeriFone Systems Inc (PAY) : Guinness Atkinson Asset Management Inc scooped up 19,610 additional shares in VeriFone Systems Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 213,610 shares of VeriFone Systems Inc which is valued at $6,038,755.VeriFone Systems Inc makes up approximately 3.70% of Guinness Atkinson Asset Management Inc’s portfolio.
VeriFone Systems Inc closed down -0.1 points or -0.35% at $28.27 with 9,96,695 shares getting traded on Friday. Post opening the session at $28.37, the shares hit an intraday low of $28.06 and an intraday high of $28.55 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Guinness Asset Management Ltd boosted its stake in PAY in the latest quarter, The investment management firm added 25,700 additional shares and now holds a total of 98,940 shares of VeriFone Systems Inc which is valued at $2,797,034. VeriFone Systems Inc makes up approx 0.83% of Guinness Asset Management Ltd’s portfolio.Capstone Asset Management Co reduced its stake in PAY by selling 80 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 9,222 shares of PAY which is valued at $260,706. VeriFone Systems Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio. Proficio Capital Partners added PAY to its portfolio by purchasing 45 company shares during the most recent quarter which is valued at $1,259.Capital Investment Services Of America boosted its stake in PAY in the latest quarter, The investment management firm added 55,575 additional shares and now holds a total of 214,690 shares of VeriFone Systems Inc which is valued at $6,004,879. VeriFone Systems Inc makes up approx 1.15% of Capital Investment Services Of America’s portfolio.
On the company’s financial health, VeriFone Systems Inc reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Mar 10, 2016. Analyst had a consensus of $0.46. The company had revenue of $514.00 million for the quarter, compared to analysts expectations of $501.62 million. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.
Many Wall Street Analysts have commented on VeriFone Systems Inc. Compass Point Initiated VeriFone Systems Inc on Apr 15, 2016 to “Buy”, Price Target of the shares are set at $34.Company shares were Reiterated by Wedbush on Mar 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 36 from a previous price target of $35 .Shares were Reiterated by Wedbush on Feb 4, 2016 to “Outperform” and Lowered the Price Target to $ 35 from a previous price target of $40 .
VeriFone Systems Inc. (VeriFone) formerly VeriFone Holdings Inc. is a holding company of VeriFone Inc. The Company is engaged in the secure electronic payment solutions. Its system solutions consist of point of sale (POS) electronic payment devices that run its and third-party operating systems security and encryption software and certified payment software as well as other third-party value-added applications. Its system solutions process a range of payment types. The Companys electronic payment systems are available in several modular configurations offering its support to a range of connectivity options. The Company also offers customers technical support for installed payment systems consulting services and project management services for system deployment and customization of integrated software solutions. It provides solutions and services for the financial services retail petroleum restaurant hospitality taxi transportation and healthcare markets.