How Did Verifone Systems Perform in 4Q16?
Verifone Systems (PAY) reported fiscal 4Q16 total net revenues of $464.2 million, a fall of 9.7% compared to total net revenues of $514.1 million in fiscal 4Q15.
Key overview of Marcato Capital’s 3Q14 position
Marcato manages a select number of passive and activist investments across all industries with a primary focus on opportunities in middle-market public equities. At the end of 3Q14, the fund’s U.S. long portfolio was worth $2.81 billion, slightly up from $1.89 billion in 2Q14.
How Did Verifone’s Top and Bottom Lines Perform in Fiscal 1Q16?
Verifone Systems (PAY) has a market capitalization of $2.9 billion. PAY rose by 0.76% to close at $26.56 per share as of March 10, 2016.
Moody’s Investors Upgrades VeriFone Systems to ‘Ba2’
VeriFone Systems (PAY) has a market capitalization of $2.7 billion. PAY rose by 3.9% to close at $24.81 per share as of March 1, 2016.
Phillips 66 no longer part of Iridian
Iridian exited its position in Philips 66 (PSX), which accounts for 3.20% of the fund’s third quarter portfolio.
Avis Budget Group gets lower position with Iridian
Iridian lowered its position in Avis Budget Group, Inc. (CAR), which now accounts for 2.46% of the fund’s third-quarter portfolio.
Sale of position in Tyco affects Iridian’s portfolio
Iridian sold its position in Tyco International Ltd. (TYC), which accounts for 1.90% of the fund’s second quarter portfolio.
Avis stock accounts for 5.84% of Marcato Capital portfolio
Marcato Capital added to its position in Avis Budget Group (CAR) . The stock accounted for 5.84% of the fund’s portfolio for the quarter ending in September.
Lear stock accounts for 11% of Marcato portfolio
Marcato Capital added to its position in Lear corporation (LEA) during 3Q14. The stock accounted for 11.13% of the fund’s portfolio for the quarter ending in September.
Marcato eliminates position in Brookfield Residential Properties
In 3Q14, Marcato Capital sold a position in Brookfield Residential Properties Inc. (BRP). The stock accounted for 0.6% of the fund’s portfolio for the second quarter ending in June.
Verifone Systems Is Expanding Its Presence in Europe
Verifone Systems (PAY) rose 1.6% to close at $17.75 per share during the fourth week of November 2016.
BTIG Initiates Coverage of VeriFone Systems
VeriFone Systems (PAY) has a market cap of $2.2 billion. It fell 2.6% to close at $16.73 per share on September 9, 2016.
VeriFone Systems’ Acquisition Will Expand Its Business
VeriFone Systems (PAY) has a market capitalization of $2.5 billion. It fell by 5.0% to close at $22.47 per share as of January 15, 2016.
Partnership with Microsoft Lifted VeriFone’s Stock
VeriFone Systems reported fiscal 4Q15 total revenue of $514.1 million, a rise of 4.8% when compared to total revenue of $490.5 million in fiscal 4Q14.
Corvex Management Ups Its Position in NCR
Corvex Management added to its stake in NCR (NCR). The position accounted for 1.93% of the fund’s total portfolio in the fourth quarter.
Corvex Management: Key Position Updates in 4Q14
Corvex Management has over $5 billion in assets under management. Its US long portfolio fell to $8.15 billion in 4Q14 from $8.29 billion in 3Q14.
Iridian reduces exposure to NCR Corporation
Reliance Bank adopted a novel approach to personalized service, using NCR’s innnovative NCR Interactive Teller system.
JANA Partners exits stake in Dollar General Corporation
JANA Partners sold a significant stake in Dollar General (DG) in the fourth quarter. The position accounted for 2.55% of the fund’s third-quarter portfolio.
JANA opens new position in Salix Pharmaceuticals
JANA Partners added a significant stake in Salix Pharmaceuticals (SLXP). The position accounted for 2.00% of the fund’s total fourth-quarter portfolio.
Iridian increases its holdings in Masco by a staggering 394%
Masco delivered top line growth of 4% during 2014 and dividends increased by 20%. Sales increased, and SG&A expenses stayed flat over the previous year.
JANA adds significant new position in NCR Corporation
JANA Partners added a significant stake in NCR Corporation (NCR). The position accounted for 3.27% of the fund’s total fourth-quarter portfolio.