Nationwide Fund Advisors Holds Position in USA Technologies, Inc. (USAT)

Nationwide Fund Advisors continued to hold its stake in shares of USA Technologies, Inc. (NASDAQ:USAT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,524 shares of the technology company’s stock at the end of the 2nd quarter. Nationwide Fund Advisors owned 0.05% of USA Technologies worth $107,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in USAT. Alliancebernstein L.P. bought a new stake in USA Technologies during the second quarter worth approximately $130,000. Private Advisor Group LLC bought a new stake in USA Technologies during the second quarter worth approximately $197,000. Rhumbline Advisers raised its holdings in USA Technologies by 25.2% during the second quarter. Rhumbline Advisers now owns 39,402 shares of the technology company’s stock worth $205,000 after purchasing an additional 7,935 shares in the last quarter. Ballentine Partners LLC bought a new stake in USA Technologies during the second quarter worth approximately $285,000. Finally, Teachers Advisors LLC raised its holdings in USA Technologies by 4.1% during the second quarter. Teachers Advisors LLC now owns 66,813 shares of the technology company’s stock worth $347,000 after purchasing an additional 2,620 shares in the last quarter. 43.06% of the stock is currently owned by hedge funds and other institutional investors.

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USAT has been the topic of several recent analyst reports. Northland Securities reissued a “buy” rating and set a $7.25 target price on shares of USA Technologies in a report on Tuesday, September 5th. Zacks Investment Research raised USA Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 25th. ValuEngine raised USA Technologies from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub cut USA Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Finally, William Blair initiated coverage on USA Technologies in a report on Thursday, August 24th. They set an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.50.

Shares of USA Technologies, Inc. (NASDAQ:USAT) opened at $8.70 on Wednesday. USA Technologies, Inc. has a twelve month low of $3.80 and a twelve month high of $8.80. The company has a market capitalization of $466.49, a P/E ratio of 422.50 and a beta of 0.87. The company has a current ratio of 2.67, a quick ratio of 2.38 and a debt-to-equity ratio of 0.01.

USA Technologies (NASDAQ:USAT) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. The company had revenue of $25.62 million for the quarter, compared to analysts’ expectations of $25.87 million. USA Technologies had a return on equity of 1.20% and a net margin of 0.37%. analysts expect that USA Technologies, Inc. will post 0.07 EPS for the current year.

In other USA Technologies news, Director Albin F. Moschner sold 20,000 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $8.25, for a total value of $165,000.00. Following the transaction, the director now owns 422,926 shares of the company’s stock, valued at $3,489,139.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.38% of the stock is currently owned by corporate insiders.

USA Technologies Company Profile

USA Technologies, Inc provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale (POS) market. The Company is a provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other unattended market segments, such as amusement, commercial laundry, kiosk and others.

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Institutional Ownership by Quarter for USA Technologies (NASDAQ:USAT)

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