Shares of Net 1 UEPS Technologies (NASDAQ:UEPS) reached a new 52-week high and low on Friday . The company traded as low as $8.62 and last traded at $8.66, with a volume of 192279 shares traded. The stock had previously closed at $8.83.
A number of research firms have recently weighed in on UEPS. BidaskClub lowered Net 1 UEPS Technologies from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Zacks Investment Research lowered Net 1 UEPS Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, April 12th. ValuEngine lowered Net 1 UEPS Technologies from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. TheStreet lowered Net 1 UEPS Technologies from a “b-” rating to a “c” rating in a research report on Monday, February 12th. Finally, Robert W. Baird cut their price objective on Net 1 UEPS Technologies from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, February 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.00.
The firm has a market cap of $499.56, a P/E ratio of 5.12 and a beta of 0.72. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.30 and a quick ratio of 1.28.
Net 1 UEPS Technologies (NASDAQ:UEPS) last posted its 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 firm had revenue of $148.40 million for the quarter, compared to analyst estimates of $148.50 million. Net 1 UEPS Technologies had a return on equity of 12.30% and a net margin of 9.73%. Net 1 UEPS Technologies’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.43 earnings per share. analysts anticipate that Net 1 UEPS Technologies will post 1.64 earnings per share for the current fiscal year.
In other Net 1 UEPS Technologies news, Director Christopher Stefan Seabrooke bought 60,821 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average price of $10.75 per share, with a total value of $653,825.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Herman Kotze bought 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was acquired at an average cost of $9.85 per share, for a total transaction of $59,100.00. The disclosure for this purchase can be found here. Insiders purchased 195,500 shares of company stock worth $2,036,511 in the last three months. 3.18% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Lyon Street Capital LLC acquired a new position in Net 1 UEPS Technologies in the fourth quarter valued at $2,044,000. Two Sigma Investments LP boosted its stake in Net 1 UEPS Technologies by 198.7% in the fourth quarter. Two Sigma Investments LP now owns 321,899 shares of the business services provider’s stock valued at $3,827,000 after acquiring an additional 214,135 shares in the last quarter. Two Sigma Advisers LP boosted its stake in Net 1 UEPS Technologies by 73.3% in the fourth quarter. Two Sigma Advisers LP now owns 323,635 shares of the business services provider’s stock valued at $3,848,000 after acquiring an additional 136,900 shares in the last quarter. Ellington Management Group LLC acquired a new position in Net 1 UEPS Technologies in the fourth quarter valued at $121,000. Finally, Goldman Sachs Group Inc. boosted its stake in Net 1 UEPS Technologies by 507.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 68,693 shares of the business services provider’s stock valued at $817,000 after acquiring an additional 57,383 shares in the last quarter. 56.65% of the stock is currently owned by hedge funds and other institutional investors.
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Net 1 UEPS Technologies Company Profile
Net 1 UEPS Technologies, Inc provides payment solutions, transaction processing services, and financial technologies to various industries in South Africa, South Korea, and internationally. The company develops and markets transaction processing solutions that comprise 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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