UBS Asset Management Americas Inc. bought a new stake in USA Technologies, Inc. (NASDAQ:USAT) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,128,943 shares of the technology company’s stock, valued at approximately $11,007,000. UBS Asset Management Americas Inc. owned approximately 2.11% of USA Technologies as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently bought and sold shares of USAT. Axiom International Investors LLC DE bought a new position in USA Technologies during the 3rd quarter worth approximately $1,954,000. Schwab Charles Investment Management Inc. increased its position in shares of USA Technologies by 57.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 88,400 shares of the technology company’s stock valued at $553,000 after purchasing an additional 32,100 shares during the period. EAM Investors LLC bought a new stake in shares of USA Technologies during the 3rd quarter worth $3,096,000. Russell Investments Group Ltd. bought a new stake in shares of USA Technologies during the 3rd quarter worth $7,163,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of USA Technologies by 17.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 145,379 shares of the technology company’s stock worth $909,000 after acquiring an additional 21,714 shares in the last quarter. Institutional investors and hedge funds own 56.07% of the company’s stock.
Several analysts have recently commented on USAT shares. Zacks Investment Research cut USA Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 15th. BidaskClub cut USA Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, February 27th. Finally, Northland Securities set a $12.00 target price on USA Technologies and gave the company a “buy” rating in a report on Monday, December 18th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $11.00.
Shares of USA Technologies, Inc. (NASDAQ USAT) traded up $0.15 during midday trading on Wednesday, reaching $9.65. 347,073 shares of the company were exchanged, compared to its average volume of 508,755. USA Technologies, Inc. has a fifty-two week low of $3.85 and a fifty-two week high of $10.10. The company has a market capitalization of $514.78, a P/E ratio of -39.79 and a beta of 0.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.36 and a quick ratio of 1.05.
USA Technologies (NASDAQ:USAT) last posted its quarterly earnings results on Thursday, February 8th. The technology company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. The firm had revenue of $32.51 million during the quarter, compared to the consensus estimate of $31.38 million. USA Technologies had a negative net margin of 10.39% and a positive return on equity of 2.18%. analysts anticipate that USA Technologies, Inc. will post 0.07 earnings per share for the current year.
In other news, Director Albin F. Moschner sold 9,478 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $9.61, for a total value of $91,083.58. Following the sale, the director now owns 352,926 shares of the company’s stock, valued at $3,391,618.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Albin F. Moschner sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $9.52, for a total transaction of $190,400.00. Following the sale, the director now directly owns 378,926 shares in the company, valued at approximately $3,607,375.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,901 shares of company stock valued at $484,097. 4.38% of the stock is currently owned by insiders.
USA Technologies 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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