Net 1 UEPS Technologies Inc (UEPS) Given Consensus Recommendation of “Hold” by Brokerages

Net 1 UEPS Technologies Inc (NASDAQ:UEPS) has earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $15.00.

Several analysts have commented on the company. TheStreet cut Net 1 UEPS Technologies from a “b-” rating to a “c” rating in a report on Monday. Robert W. Baird lowered their price target on Net 1 UEPS Technologies from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, February 9th. BidaskClub cut Net 1 UEPS Technologies from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. ValuEngine cut Net 1 UEPS Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research cut Net 1 UEPS Technologies from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 13th.

Net 1 UEPS Technologies (NASDAQ:UEPS) traded up $0.11 on Friday, reaching $9.61. The company’s stock had a trading volume of 474,200 shares, compared to its average volume of 574,230. The company has a quick ratio of 1.28, a current ratio of 1.30 and a debt-to-equity ratio of 0.03. The stock has a market cap of $546.16, a PE ratio of 9.24 and a beta of 0.67. Net 1 UEPS Technologies has a 52 week low of $8.87 and a 52 week high of $13.81.

Net 1 UEPS Technologies (NASDAQ:UEPS) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $148.40 million during the quarter, compared to analysts’ expectations of $148.50 million. Net 1 UEPS Technologies had a return on equity of 12.30% and a net margin of 9.73%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 EPS. equities research analysts predict that Net 1 UEPS Technologies will post 1.58 EPS for the current year.

In other news, Director Paul Edwards sold 9,000 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $11.36, for a total transaction of $102,240.00. Following the completion of the sale, the director now owns 10,822 shares in the company, valued at approximately $122,937.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alasdair Jonathan Kemsley Pein sold 6,500 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $11.01, for a total value of $71,565.00. Following the sale, the director now owns 29,061 shares of the company’s stock, valued at approximately $319,961.61. The disclosure for this sale can be found here. 3.18% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Tudor Investment Corp ET AL grew its holdings in shares of Net 1 UEPS Technologies by 8.3% during the 2nd quarter. Tudor Investment Corp ET AL now owns 38,601 shares of the business services provider’s stock worth $381,000 after purchasing an additional 2,943 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Net 1 UEPS Technologies by 12.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 32,035 shares of the business services provider’s stock worth $316,000 after purchasing an additional 3,448 shares during the period. Woodmont Investment Counsel LLC grew its holdings in shares of Net 1 UEPS Technologies by 8.4% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 105,801 shares of the business services provider’s stock worth $1,031,000 after purchasing an additional 8,200 shares during the period. Schroder Investment Management Group grew its holdings in shares of Net 1 UEPS Technologies by 22.8% during the 4th quarter. Schroder Investment Management Group now owns 46,900 shares of the business services provider’s stock worth $558,000 after purchasing an additional 8,700 shares during the period. Finally, Ellington Management Group LLC purchased a new stake in shares of Net 1 UEPS Technologies during the 4th quarter worth about $121,000. Institutional investors and hedge funds own 56.12% of the company’s stock.

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Net 1 UEPS Technologies Company Profile

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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