115,000 Shares in VeriFone Systems Inc (NYSE:PAY) Acquired by S. Muoio & CO. LLC
S. Muoio & CO. LLC purchased a new stake in VeriFone Systems Inc (NYSE:PAY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 115,000 shares of the business services provider’s stock, valued at approximately $2,624,000. VeriFone Systems accounts for 1.6% of S. Muoio & CO. LLC’s holdings, making the stock its 17th largest position. S. Muoio & CO. LLC owned approximately 0.10% of VeriFone Systems at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. BKS Advisors LLC bought a new stake in shares of VeriFone Systems in the 1st quarter valued at about $163,000. Signition LP acquired a new position in shares of VeriFone Systems during the 1st quarter worth approximately $178,000. Cerebellum GP LLC acquired a new position in shares of VeriFone Systems during the 2nd quarter worth approximately $182,000. Wellington Shields Capital Management LLC acquired a new stake in shares of VeriFone Systems during the 1st quarter worth approximately $220,000. Finally, Point72 Asia Hong Kong Ltd acquired a new stake in shares of VeriFone Systems during the 1st quarter worth approximately $231,000. 87.46% of the stock is owned by institutional investors.
Shares of NYSE PAY remained flat at $$23.03 during trading hours on Friday. 7,061,597 shares of the company traded hands, compared to its average volume of 2,349,511. VeriFone Systems Inc has a twelve month low of $14.90 and a twelve month high of $23.14. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.46 and a quick ratio of 1.22. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 1.27 and a beta of 1.45.
VeriFone Systems, Inc provides payments and commerce solutions at the point of sale (POS) worldwide. It offers countertop solutions that accept payment options, including contactless, NFC, mobile wallets, and EMV; PIN pads that support credit and debit card, EBT, EMV, and other PIN-based transactions; and multilane consumer facing commerce devices.
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