Verifone Systems (PAY) Shareholder North Star Asset Management INC Lowered Position by $6.11 Million

September 30, 2018 - By Kristin Houston

VeriFone Systems, Inc. (NYSE:PAY) LogoInvestors sentiment decreased to 0.71 in Q2 2018. Its down 0.35, from 1.06 in 2018Q1. It is negative, as 67 investors sold PAY shares while 69 reduced holdings. 45 funds opened positions while 52 raised stakes. 86.81 million shares or 20.87% less from 109.71 million shares in 2018Q1 were reported. State Teachers Retirement stated it has 0.01% of its portfolio in VeriFone Systems, Inc. (NYSE:PAY). Tower Research Cap Ltd Liability Corp (Trc) accumulated 1,398 shares. Meeder Asset Mngmt reported 363 shares. American Intll Gru holds 0.02% of its portfolio in VeriFone Systems, Inc. (NYSE:PAY) for 292,422 shares. Ls Advsrs Limited Liability Corp accumulated 0.01% or 6,367 shares. Eagle Boston Invest Mngmt owns 592,097 shares for 1.25% of their portfolio. Illinois-based Balyasny Asset Management Lc has invested 0% in VeriFone Systems, Inc. (NYSE:PAY). Deutsche Comml Bank Ag invested in 1.08 million shares. Royal Bancorporation Of Canada invested in 12,493 shares. Renaissance Limited Liability owns 266,519 shares for 0% of their portfolio. Mutual Of America Cap Mngmt Limited Liability Co accumulated 95,237 shares. Employees Retirement Sys Of Ohio reported 155,823 shares. Credit Suisse Ag owns 254,925 shares for 0.01% of their portfolio. Regions Corp owns 352 shares for 0% of their portfolio. Panagora Asset Mngmt holds 0.01% or 129,136 shares.

North Star Asset Management Inc decreased its stake in Verifone Systems (PAY) by 78.92% based on its latest 2018Q2 regulatory filing with the SEC. North Star Asset Management Inc sold 277,808 shares as the company’s stock 0.00% . The institutional investor held 74,204 shares of the miscellaneous company at the end of 2018Q2, valued at $1.69M, down from 352,012 at the end of the previous reported quarter. North Star Asset Management Inc who had been investing in Verifone Systems for a number of months, seems to be less bullish one the $2.55 billion market cap company. It closed at $23.03 lastly. It is up 0.00% since September 30, 2017 and is . It has underperformed by 15.62% the S&P500.

North Star Asset Management Inc, which manages about $1.15B and $1.17B US Long portfolio, upped its stake in Analog Devices (NASDAQ:ADI) by 37,751 shares to 44,865 shares, valued at $4.30M in 2018Q2, according to the filing.

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

Among 6 analysts covering Verifone (NYSE:PAY), 0 have Buy rating, 0 Sell and 6 Hold. Therefore 0 are positive. Verifone had 6 analyst reports since April 9, 2018 according to SRatingsIntel. The firm has “Hold” rating by Jefferies given on Monday, April 16. Piper Jaffray maintained it with “Hold” rating and $23.0400 target in Monday, April 9 report. The company was downgraded on Tuesday, April 10 by Standpoint Research. The firm has “Neutral” rating given on Tuesday, April 10 by JP Morgan. SunTrust downgraded the shares of PAY in report on Tuesday, April 10 to “Hold” rating. Citigroup maintained VeriFone Systems, Inc. (NYSE:PAY) rating on Tuesday, April 10. Citigroup has “Neutral” rating and $23.04 target.

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

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