Pitney Bowes Inc. (PBI), VeriFone Systems Inc (PAY): Here’s What This $36 Billion Money Manager Has Been Buying and Selling

Nuverra Environmental Solutions Inc (NYSE:NES), until recently known as Heckmann, provides water-related services and chemicals for the growing (but controversial) fracking method of gas extraction. (It handles waste disposal, too, among other things.) Heckmann posted disappointing earnings for its first quarter and recently warned that its second quarter won’t be pretty, either, in part due to bad weather. On the plus side, Nuverra Environmental Solutions Inc (NYSE:NES) has partnered with Halliburton to recycle fracking water.

VeriFone Systems Inc (NYSE:PAY) has seen its stock nearly halved over the past year, as it has repeatedly posted disappointing operational results. Indeed, its June earnings report sent shares down some 20%. Several insiders have recently bought hundreds of thousands of dollars’ worth of shares, though, which is rarely anything but a positive sign. The company’s recent contract with China is promising, too, and with growing free cash flow and a forward P/E ratio near 11, VeriFone Systems Inc (NYSE:PAY) is seen as attractive by some, and as a possible acquisition target. Bears worry, though, about competition (especially in the mobile realm), and don’t like that its operating and net margins have been falling lately.

We should never blindly copy any investor’s moves, no matter how talented the investor. But it can be useful to keep an eye on what smart folks are doing. 13F forms can be great places to find intriguing candidates for our portfolios.

Longtime Fool contributor Selena Maranjian, whom you can follow on Twitter, owns shares of Windstream. The Motley Fool recommends Halliburton. The Motley Fool owns shares of KeyCorp and Nuverra Environmental Solutions and has the following options: long January 2014 $4 calls on Nuverra Environmental Solutions and short January 2014 $3 puts on Nuverra Environmental Solutions.

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