Net 1 UEPS Technologies, Inc. (UEPS) Trading 21.3% Higher

Shares of Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) traded up 21.3% on Thursday . The company traded as high as $12.74 and last traded at $12.28. 957,500 shares traded hands during mid-day trading, an increase of 569% from the average session volume of 143,184 shares. The stock had previously closed at $10.12.

A number of analysts recently weighed in on the stock. TheStreet upgraded shares of Net 1 UEPS Technologies from a “c” rating to a “b-” rating in a research report on Tuesday, September 26th. Zacks Investment Research upgraded shares of Net 1 UEPS Technologies from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 26th. ValuEngine upgraded shares of Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 30th. Sidoti assumed coverage on shares of Net 1 UEPS Technologies in a report on Monday. They set a “buy” rating on the stock. Finally, BidaskClub upgraded shares of Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $11.00.

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.35 and a quick ratio of 1.33. The company has a market cap of $576.11, a price-to-earnings ratio of 6.29 and a beta of 0.75.

Net 1 UEPS Technologies (NASDAQ:UEPS) last announced its earnings results on Friday, August 25th. The business services provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.07). The company had revenue of $155.10 million for the quarter, compared to analyst estimates of $172.64 million. Net 1 UEPS Technologies had a return on equity of 13.06% and a net margin of 11.17%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.51 earnings per share. research analysts forecast that Net 1 UEPS Technologies, Inc. will post 1.58 earnings per share for the current fiscal year.

In other Net 1 UEPS Technologies news, Director Christopher Stefan Seabrooke sold 24,533 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $9.83, for a total transaction of $241,159.39. Following the sale, the director now directly owns 18,124 shares in the company, valued at approximately $178,158.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul Edwards sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $10.18, for a total transaction of $50,900.00. Following the sale, the director now owns 19,822 shares in the company, valued at $201,787.96. The disclosure for this sale can be found here. Company insiders own 3.18% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Seizert Capital Partners LLC grew its stake in shares of Net 1 UEPS Technologies by 38.7% during the 2nd quarter. Seizert Capital Partners LLC now owns 380,733 shares of the business services provider’s stock worth $3,754,000 after acquiring an additional 106,193 shares in the last quarter. Woodmont Investment Counsel LLC grew its stake in shares of Net 1 UEPS Technologies by 28.9% during the 2nd quarter. Woodmont Investment Counsel LLC now owns 97,601 shares of the business services provider’s stock worth $962,000 after acquiring an additional 21,873 shares in the last quarter. ETF Managers Group LLC bought a new position in shares of Net 1 UEPS Technologies during the 2nd quarter worth approximately $540,000. FMR LLC grew its stake in shares of Net 1 UEPS Technologies by 1.4% during the 1st quarter. FMR LLC now owns 591,400 shares of the business services provider’s stock worth $7,233,000 after acquiring an additional 8,400 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Net 1 UEPS Technologies by 24.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 332,807 shares of the business services provider’s stock worth $3,282,000 after acquiring an additional 64,767 shares in the last quarter. 56.42% of the stock is owned by institutional investors.

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About Net 1 UEPS Technologies

Net 1 UEPS Technologies, Inc is a provider of payment solutions, transaction processing services and financial technology across multiple industries. The Company develops and markets a transaction processing solution that encompasses its smart card-based alternative payment system for the unbanked and under-banked populations of developing economies and for mobile transaction channels.

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