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Verifone Systems (PAY) Shareholder North Star Asset Management Lowered Holding; Contrarius Investment Management LTD Has Upped Michael Kors Hldgs LTD (KORS) Holding by $20.87 Million

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 $7.15 million, 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 $1.92 billion market cap company. The stock decreased 0.29% or $0.05 during the last trading session, reaching $17.37. About 804,512 shares traded. VeriFone Systems, Inc. (NYSE:PAY) has declined 31.93% since February 17, 2017 and is downtrending. It has underperformed by 48.63% the S&P500.

Contrarius Investment Management Ltd increased its stake in Michael Kors Hldgs Ltd (KORS) by 171.84% based on its latest 2017Q3 regulatory filing with the SEC. Contrarius Investment Management Ltd bought 443,965 shares as the company’s stock declined 4.93% while stock markets rallied. The institutional investor held 702,327 shares of the apparel company at the end of 2017Q3, valued at $33.61 million, up from 258,362 at the end of the previous reported quarter. Contrarius Investment Management Ltd who had been investing in Michael Kors Hldgs Ltd for a number of months, seems to be bullish on the $9.72B market cap company. The stock decreased 1.28% or $0.83 during the last trading session, reaching $63.9. About 3.04M shares traded or 30.18% up from the average. Michael Kors Holdings Limited (NYSE:KORS) has declined 10.54% since February 17, 2017 and is downtrending. It has underperformed by 27.24% 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 company was maintained on Wednesday, June 8 by Stifel Nicolaus. The stock of VeriFone Systems, Inc. (NYSE:PAY) has “Hold” rating given on Friday, September 15 by Citigroup. The firm earned “Buy” rating on Friday, December 11 by Stifel Nicolaus. The company was maintained on Friday, September 2 by Stifel Nicolaus. Raymond James maintained it with “Buy” rating and $22.0 target in Monday, December 11 report. Imperial Capital maintained the stock with “In-Line” rating in Tuesday, June 13 report. As per Tuesday, December 15, the company rating was downgraded by Goldman Sachs. The firm has “Outperform” rating by Imperial Capital given on Friday, September 11. Argus Research upgraded it to “Buy” rating and $35 target in Wednesday, September 30 report. The firm has “Neutral” rating given on Wednesday, June 8 by Credit Suisse.

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. Teachers Retirement Sys Of The State Of Kentucky stated it has 0.01% of its portfolio in VeriFone Systems, Inc. (NYSE:PAY). Skylands Limited Company reported 150 shares stake. 338,779 are held by Invest Serv Of America Inc. Retirement Of Alabama accumulated 484,383 shares. First Manhattan holds 495 shares. Exane Derivatives accumulated 2,574 shares. Point72 Asia (Hong Kong) Limited holds 0.1% of its portfolio in VeriFone Systems, Inc. (NYSE:PAY) for 7,150 shares. Balyasny Asset accumulated 47,331 shares or 0% of the stock. Pzena Invest Management has 2.47M shares. Moreover, North Star Investment Mngmt has 0% invested in VeriFone Systems, Inc. (NYSE:PAY). Janney Montgomery Scott Ltd Llc invested 0% of its portfolio in VeriFone Systems, Inc. (NYSE:PAY). Arizona State Retirement has invested 0.02% in VeriFone Systems, Inc. (NYSE:PAY). Raymond James & Assocs holds 258,105 shares. Eagle Boston Investment Mngmt invested in 1.01% or 478,285 shares. Pnc Financial Svcs stated it has 2,071 shares or 0% of all its holdings.

Analysts await VeriFone Systems, Inc. (NYSE:PAY) to report earnings on March, 8. They expect $0.16 earnings per share, up 33.33% or $0.04 from last year’s $0.12 per share. PAY’s profit will be $17.66 million for 27.14 P/E if the $0.16 EPS becomes a reality. After $0.35 actual earnings per share reported by VeriFone Systems, Inc. for the previous quarter, Wall Street now forecasts -54.29% negative EPS growth.

North Star Asset Management Inc, which manages about $1.15 billion and $1.01B US Long portfolio, upped its stake in Hologic Inc (NASDAQ:HOLX) by 25,372 shares to 194,848 shares, valued at $7.15 million in 2017Q3, according to the filing. It also increased its holding in Wells Fargo & Co (NYSE:WFC) by 7,866 shares in the quarter, for a total of 29,809 shares, and has risen its stake in Lowe’s Companies (NYSE:LOW).

Among 35 analysts covering Michael Kors Holdings Ltd (NYSE:KORS), 10 have Buy rating, 2 Sell and 23 Hold. Therefore 29% are positive. Michael Kors Holdings Ltd had 121 analyst reports since July 21, 2015 according to SRatingsIntel. Robert W. Baird maintained the shares of KORS in report on Monday, October 30 with “Hold” rating. The firm earned “Hold” rating on Wednesday, November 8 by Deutsche Bank. On Friday, September 29 the stock rating was maintained by Robert W. Baird with “Hold”. Piper Jaffray upgraded Michael Kors Holdings Limited (NYSE:KORS) on Tuesday, January 19 to “Neutral” rating. The stock of Michael Kors Holdings Limited (NYSE:KORS) earned “Peer Perform” rating by Wolfe Research on Tuesday, August 18. The rating was maintained by Buckingham Research on Friday, October 6 with “Neutral”. Mizuho maintained Michael Kors Holdings Limited (NYSE:KORS) rating on Friday, January 22. Mizuho has “Neutral” rating and $40 target. Nomura maintained the shares of KORS in report on Wednesday, August 9 with “Buy” rating. Susquehanna maintained Michael Kors Holdings Limited (NYSE:KORS) on Thursday, February 8 with “Buy” rating. The stock of Michael Kors Holdings Limited (NYSE:KORS) has “Buy” rating given on Tuesday, December 19 by Needham.

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