Mesirow Financial Investment Management Equity Management Invests $14.47 Million in Verifone Systems, Inc. (PAY) Stock

Mesirow Financial Investment Management Equity Management acquired a new stake in Verifone Systems, Inc. (NYSE:PAY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 713,560 shares of the business services provider’s stock, valued at approximately $14,470,000. Mesirow Financial Investment Management Equity Management owned 0.64% of Verifone Systems at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in PAY. Riverhead Capital Management LLC raised its position in Verifone Systems by 80.9% in the second quarter. Riverhead Capital Management LLC now owns 6,693 shares of the business services provider’s stock valued at $121,000 after purchasing an additional 2,993 shares during the period. LS Investment Advisors LLC raised its position in Verifone Systems by 22.3% in the second quarter. LS Investment Advisors LLC now owns 9,213 shares of the business services provider’s stock valued at $167,000 after purchasing an additional 1,679 shares during the period. Timber Hill LLC purchased a new position in Verifone Systems in the second quarter valued at about $214,000. NGAM Advisors L.P. raised its position in Verifone Systems by 5.2% in the second quarter. NGAM Advisors L.P. now owns 12,628 shares of the business services provider’s stock valued at $229,000 after purchasing an additional 622 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new position in Verifone Systems in the first quarter valued at about $236,000.

Verifone Systems (NYSE:PAY) last released its earnings results on Thursday, September 7th. The business services provider reported $0.36 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.36. The firm had revenue of $466.90 million during the quarter, compared to analyst estimates of $464.13 million. Verifone Systems had a negative net margin of 9.76% and a positive return on equity of 11.19%. The business’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 EPS.

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Several research analysts have commented on PAY shares. Citigroup Inc. started coverage on Verifone Systems in a research report on Friday, September 15th. They issued a “neutral” rating and a $23.00 price objective on the stock. Piper Jaffray Companies reissued a “hold” rating and issued a $20.00 price objective on shares of Verifone Systems in a research report on Friday, September 8th. Jefferies Group LLC reissued a “buy” rating and issued a $23.00 price objective (up from $20.00) on shares of Verifone Systems in a research report on Monday, September 11th. Zacks Investment Research lowered Verifone Systems from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Finally, BidaskClub lowered Verifone Systems from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $19.15.

About Verifone Systems

VeriFone Systems, Inc offers payments and commerce solutions. The Company is engaged in designing, manufacturing, marketing and supplying a range of payment solutions and complementary services. It provides solutions and services for the retail point-of-sale (POS) that enable various forms of commerce.

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

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