UEPS has been the subject of several other reports. Zacks Investment Research upgraded Net 1 UEPS Technologies from a hold rating to a strong-buy rating and set a $11.00 price objective for the company in a research note on Saturday, November 18th. ValuEngine upgraded Net 1 UEPS Technologies from a buy rating to a strong-buy rating in a research report on Wednesday, November 22nd. Sidoti assumed coverage on Net 1 UEPS Technologies in a research report on Monday, November 20th. They issued a buy rating for the company. Finally, BidaskClub upgraded Net 1 UEPS Technologies from a strong sell rating to a sell rating in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. Net 1 UEPS Technologies presently has an average rating of Buy and a consensus target price of $11.00.
Shares of Net 1 UEPS Technologies (UEPS) traded down $0.43 during trading on Friday, hitting $10.94. The company had a trading volume of 725,400 shares, compared to its average volume of 189,260. Net 1 UEPS Technologies has a 1 year low of $8.87 and a 1 year high of $13.81. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.05. The stock has a market cap of $647.27, a price-to-earnings ratio of 7.06 and a beta of 0.80.
In other news, Director Alasdair Jonathan Kemsley Pein sold 6,500 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $11.01, for a total transaction of $71,565.00. Following the sale, the director now owns 29,061 shares of the company’s stock, valued at $319,961.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul Edwards sold 5,000 shares of the stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $10.18, for a total value of $50,900.00. Following the completion of the transaction, the director now directly owns 19,822 shares in the company, valued at approximately $201,787.96. The disclosure for this sale can be found here. Insiders have sold 36,033 shares of company stock worth $363,624 over the last 90 days. 3.18% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in UEPS. Marshall Wace North America L.P. acquired a new stake in shares of Net 1 UEPS Technologies during the second quarter worth about $107,000. Wedbush Securities Inc. acquired a new stake in Net 1 UEPS Technologies in the third quarter valued at about $117,000. Regal Investment Advisors LLC acquired a new stake in Net 1 UEPS Technologies in the third quarter valued at about $156,000. Nine Chapters Capital Management LLC acquired a new stake in Net 1 UEPS Technologies in the third quarter valued at about $190,000. Finally, Macquarie Group Ltd. acquired a new stake in Net 1 UEPS Technologies in the third quarter valued at about $244,000. Institutional investors and hedge funds own 56.14% of the company’s stock.
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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