North Star Asset Management Holding in Verifone Systems (PAY) Trimmed as Market Valuation Declined; Spitfire Capital Continues to Hold Position in Beacon Roofing Supply (BECN)

January 14, 2018 - By Louis Casey

North Star Asset Management Inc decreased its stake in Verifone Systems (PAY) by 5.22% based on its latest 2017Q3 regulatory filing with the SEC. North Star Asset Management Inc sold 19,410 shares as the company’s stock declined 10.59% while stock markets rallied. The institutional investor held 352,611 shares of the miscellaneous company at the end of 2017Q3, valued at $7.15M, down from 372,021 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 $2.06 billion market cap company. The stock decreased 1.02% or $0.19 during the last trading session, reaching $18.35. About 867,118 shares traded. VeriFone Systems, Inc. (NYSE:PAY) has declined 31.93% since January 14, 2017 and is downtrending. It has underperformed by 48.63% the S&P500.

Julian Allen increased its stake in Beacon Roofing Supply Inc (BECN) by 16.74% based on its latest 2017Q3 regulatory filing with the SEC. Spitfire Capital Llc bought 30,908 shares as the company’s stock rose 6.61% with the market. The hedge fund run by Julian Allen held 215,503 shares of the consumer services company at the end of 2017Q3, valued at $11.05M, up from 184,595 at the end of the previous reported quarter. Spitfire Capital Llc who had been investing in Beacon Roofing Supply Inc for a number of months, seems to be bullish on the $4.30 billion market cap company. The stock increased 1.62% or $1.01 during the last trading session, reaching $63.46. About 653,358 shares traded. Beacon Roofing Supply, Inc. (NASDAQ:BECN) has risen 17.34% since January 14, 2017 and is uptrending. It has outperformed by 0.64% the S&P500.

Among 31 analysts covering Verifone Systems Inc. (NYSE:PAY), 10 have Buy rating, 1 Sell and 20 Hold. Therefore 32% are positive. Verifone Systems Inc. had 77 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, September 2. On Thursday, February 4 the stock rating was maintained by Wedbush with “Outperform”. The stock has “Neutral” rating by JP Morgan on Wednesday, June 8. The stock has “Strong Buy” rating by Raymond James on Thursday, October 8. The firm has “Neutral” rating by Northcoast given on Wednesday, September 6. The firm has “Outperform” rating given on Saturday, September 5 by Pacific Crest. RBC Capital Markets maintained VeriFone Systems, Inc. (NYSE:PAY) on Tuesday, December 15 with “Sector Perform” rating. The firm has “Neutral” rating given on Wednesday, June 8 by Compass Point. Credit Suisse maintained the shares of PAY in report on Wednesday, June 8 with “Neutral” rating. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, June 8.

North Star Asset Management Inc, which manages about $1.15B and $1.01 billion US Long portfolio, upped its stake in Schwab Emerging Mkt Etf (SCHE) by 21,669 shares to 290,531 shares, valued at $7.82 million in 2017Q3, according to the filing. It also increased its holding in Price T Rowe Group Inc (NASDAQ:TROW) by 13,225 shares in the quarter, for a total of 158,694 shares, and has risen its stake in Equifax (NYSE:EFX).

Investors sentiment decreased to 0.88 in Q3 2017. Its down 0.28, from 1.16 in 2017Q2. It dived, as 31 investors sold PAY shares while 80 reduced holdings. 34 funds opened positions while 64 raised stakes. 114.66 million shares or 2.52% less from 117.62 million shares in 2017Q2 were reported. Prelude Mgmt Ltd has invested 0% in VeriFone Systems, Inc. (NYSE:PAY). Commerzbank Aktiengesellschaft Fi invested in 16,321 shares. Aperio Gru Limited Liability Company holds 0% or 19,652 shares in its portfolio. One Trading Lp accumulated 265,777 shares or 0.05% of the stock. Bnp Paribas Arbitrage Sa owns 0% invested in VeriFone Systems, Inc. (NYSE:PAY) for 54,345 shares. Manufacturers Life The has invested 0.01% in VeriFone Systems, Inc. (NYSE:PAY). The Connecticut-based Point72 Asset Mngmt Lp has invested 0% in VeriFone Systems, Inc. (NYSE:PAY). Pzena Investment Mgmt Ltd stated it has 2.47 million shares. Thrivent Fin For Lutherans accumulated 23,750 shares. Skylands Cap holds 0% or 150 shares in its portfolio. The Ohio-based Strs Ohio has invested 0% in VeriFone Systems, Inc. (NYSE:PAY). Zwj Investment Counsel Inc has invested 1.33% in VeriFone Systems, Inc. (NYSE:PAY). Moreover, Riverhead Capital Management Ltd has 0.01% invested in VeriFone Systems, Inc. (NYSE:PAY). Ellington Mngmt Grp Limited Company has invested 0.07% in VeriFone Systems, Inc. (NYSE:PAY). Ancora Advisors Ltd Limited Liability Company holds 13,850 shares or 0.02% of its portfolio.

Analysts await VeriFone Systems, Inc. (NYSE:PAY) to report earnings on March, 8. They expect $0.16 EPS, up 33.33% or $0.04 from last year’s $0.12 per share. PAY’s profit will be $17.98M for 28.67 P/E if the $0.16 EPS becomes a reality. After $0.35 actual EPS reported by VeriFone Systems, Inc. for the previous quarter, Wall Street now forecasts -54.29% negative EPS growth.

Investors sentiment increased to 1.91 in Q3 2017. Its up 0.92, from 0.99 in 2017Q2. It improved, as 21 investors sold BECN shares while 48 reduced holdings. 50 funds opened positions while 82 raised stakes. 66.46 million shares or 12.06% more from 59.31 million shares in 2017Q2 were reported. Florida-based Eagle Asset Mgmt has invested 0.03% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). 72,083 were reported by Highbridge Management Ltd Limited Liability Company. Moreover, Manufacturers Life The has 0% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Citadel Ltd Liability Company holds 0.03% or 635,768 shares in its portfolio. Loomis Sayles & Company LP holds 0.03% of its portfolio in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 259,443 shares. Riverbridge Prtnrs Ltd Llc has 1.62M shares. Clarivest Asset Mgmt Ltd Liability Com, California-based fund reported 11 shares. Stephens Investment Mngmt Gp Inc Limited has 0.75% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 630,888 shares. New York-based Citigroup Inc has invested 0% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Tradewinds Management Lc has invested 0.01% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). California-based California Employees Retirement Sys has invested 0.01% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). 574,971 are held by Geode Cap Management Limited Liability. Tiaa Cref Invest Mngmt Limited Liability Corporation invested in 0.01% or 169,904 shares. Bbva Compass National Bank & Trust holds 0.02% of its portfolio in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 5,015 shares. 11,488 are held by Fincl Bank Of Montreal Can.

Among 18 analysts covering Beacon Roofing Supply (NASDAQ:BECN), 14 have Buy rating, 0 Sell and 4 Hold. Therefore 78% are positive. Beacon Roofing Supply had 43 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Overweight” rating by KeyBanc Capital Markets given on Friday, August 25. The rating was reinitiated by Wedbush on Wednesday, May 31 with “Neutral”. Wedbush initiated Beacon Roofing Supply, Inc. (NASDAQ:BECN) rating on Wednesday, September 7. Wedbush has “Neutral” rating and $50 target. The company was upgraded on Monday, October 26 by JP Morgan. The company was maintained on Monday, October 9 by RBC Capital Markets. The rating was initiated by Jefferies on Wednesday, July 6 with “Hold”. RBC Capital Markets maintained the shares of BECN in report on Tuesday, November 14 with “Buy” rating. The stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) has “Buy” rating given on Wednesday, October 11 by Jefferies. The firm earned “Buy” rating on Tuesday, November 21 by Robert W. Baird. The firm earned “Buy” rating on Friday, November 17 by KeyBanc Capital Markets.

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