Are VeriFone’s Heaviest Stockholders Selling Now and Asking Questions Later?

In 2012, VeriFone Systems, Inc. (NYSE:PAY) shares are up .34 percent. Today, shares dipped another 6% in trading. On Thursday, the company reported that its second-quarter earnings dropped 43% thanks to restructuring and acquisition costs continuing to dominate its strong revenue and better-than-expected core profit. Its stock tanked in after-hours trading after third quarter guidance estimates came in below expectations.

In its conference call, VeriFone Chief Financial Officer Robert Dykes said, “The recent strength of the U.S. dollar has taken away the increase would otherwise have reflected in our guidance.”

With its disappointing guidance estimates, will VeriFone’s (NYSE:PAY) largest shareholders decrease their positions? 420 institutional firms indicated owning shares of VeriFone Systems, Inc (NYSE:PAY) in Q1 2012. These firms reported owning a total of 317.688 million shares on 03/31/2012. The shares closed at $51.87 on 03/31/2012.

Here are the ten largest positions in VeriFone Systems, Inc at the end of March 31st, 2012.

Citigroup Inc held 28,831,000 shares on 03/31/2012 worth $34,345,000. This brought the portfolio total to 0.03%.

Wolverine Asset Management LLC held 28,363,000 shares on 03/31/2012 worth $33,763,000. This brought the portfolio total to 0.65%.

Blackrock Institutional Trust Company N.A. held 25,000,000 shares on 03/31/2012 worth $29,781,000. This brought the portfolio total to 0.01%.

Ubs Oconnor LLC held 23,000,000 shares on 03/31/2012 worth $27,390,000. This brought the portfolio total to 0.36%.

Mackay Shields LLC held 17,708,000 shares on 03/31/2012 worth $21,183,000. This brought the portfolio total to 0.04%.

Weintraub Capital Management L.P. held 13,505,000 shares on 03/31/2012 worth $16,088,000. This brought the portfolio total to 1.87%.

Silverback Asset Management LLC held 11,550,000 shares on 03/31/2012 worth $13,745,000. This brought the portfolio total to 0.75%.

Susquehanna International Group LLP held 11,000,000 shares on 03/31/2012 worth $13,104,000. This brought the portfolio total to 0.0%.

Peak6 Investments L.P. held 8,500,000 shares on 03/31/2012 worth $10,126,000. This brought the portfolio total to 0.06%.

Td securities USA llc held 5,000,000 shares on 03/31/2012 worth $5,913,000. This brought the portfolio total to 0.17%.

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