Bank of New York Mellon Corp Has $3.28 Million Stake in Net 1 UEPS Technologies, Inc. (UEPS)

Bank of New York Mellon Corp increased its position in shares of Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) by 24.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 332,807 shares of the business services provider’s stock after buying an additional 64,767 shares during the quarter. Bank of New York Mellon Corp owned about 0.59% of Net 1 UEPS Technologies worth $3,282,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Swiss National Bank raised its position in shares of Net 1 UEPS Technologies by 13.8% during the 1st quarter. Swiss National Bank now owns 89,992 shares of the business services provider’s stock valued at $1,101,000 after buying an additional 10,900 shares during the period. FMR LLC raised its position 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 valued at $7,233,000 after buying an additional 8,400 shares during the period. Trexquant Investment LP raised its position in shares of Net 1 UEPS Technologies by 38.5% during the 1st quarter. Trexquant Investment LP now owns 14,400 shares of the business services provider’s stock valued at $176,000 after buying an additional 4,000 shares during the period. Bogle Investment Management L P DE raised its position in shares of Net 1 UEPS Technologies by 48.5% during the 1st quarter. Bogle Investment Management L P DE now owns 100,852 shares of the business services provider’s stock valued at $1,233,000 after buying an additional 32,922 shares during the period. Finally, Karp Capital Management Corp purchased a new stake in shares of Net 1 UEPS Technologies during the 1st quarter valued at approximately $125,000. 57.01% of the stock is currently owned by hedge funds and other institutional investors.

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

COPYRIGHT VIOLATION NOTICE: “Bank of New York Mellon Corp Has $3.28 Million Stake in Net 1 UEPS Technologies, Inc. (UEPS)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/10/bank-of-new-york-mellon-corp-has-3-28-million-stake-in-net-1-ueps-technologies-inc-ueps.html.

Several research firms have recently commented on UEPS. BidaskClub raised shares of Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. ValuEngine raised shares of Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 30th. TheStreet raised shares of Net 1 UEPS Technologies from a “c” rating to a “b-” rating in a research report on Tuesday, September 26th. Finally, Zacks Investment Research lowered shares of Net 1 UEPS Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th.

Shares of Net 1 UEPS Technologies, Inc. (UEPS) opened at 9.48 on Tuesday. The firm has a market cap of $529.59 million, a P/E ratio of 7.13 and a beta of 0.77. The company has a 50-day moving average of $9.58 and a 200 day moving average of $10.02. Net 1 UEPS Technologies, Inc. has a 12-month low of $9.06 and a 12-month high of $13.81.

Net 1 UEPS Technologies (NASDAQ:UEPS) last posted its quarterly earnings results on Friday, August 25th. The business services provider reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.07). The company had revenue of $155.10 million for the quarter, compared to analysts’ expectations of $172.64 million. Net 1 UEPS Technologies had a return on equity of 14.06% and a net margin of 11.96%. The business’s revenue for the quarter was up 2.5% on a year-over-year ba

Other hedge funds have also recently added to or reduced their stakes in the company. Swiss National Bank raised its position in shares of Net 1 UEPS Technologies by 13.8% during the 1st quarter. Swiss National Bank now owns 89,992 shares of the business services provider’s stock valued at $1,101,000 after buying an additional 10,900 shares during the period. FMR LLC raised its position 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 valued at $7,233,000 after buying an additional 8,400 shares during the period. Trexquant Investment LP raised its position in shares of Net 1 UEPS Technologies by 38.5% during the 1st quarter. Trexquant Investment LP now owns 14,400 shares of the business services provider’s stock valued at $176,000 after buying an additional 4,000 shares during the period. Bogle Investment Management L P DE raised its position in shares of Net 1 UEPS Technologies by 48.5% during the 1st quarter. Bogle Investment Management L P DE now owns 100,852 shares of the business services provider’s stock valued at $1,233,000 after buying an additional 32,922 shares during the period. Finally, Karp Capital Management Corp purchased a new stake in shares of Net 1 UEPS Technologies during the 1st quarter valued at approximately $125,000. 57.01% of the stock is currently owned by hedge funds and other institutional investors.

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

COPYRIGHT VIOLATION NOTICE: “Bank of New York Mellon Corp Has $3.28 Million Stake in Net 1 UEPS Technologies, Inc. (UEPS)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/10/bank-of-new-york-mellon-corp-has-3-28-million-stake-in-net-1-ueps-technologies-inc-ueps.html.

Several research firms have recently commented on UEPS. BidaskClub raised shares of Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. ValuEngine raised shares of Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 30th. TheStreet raised shares of Net 1 UEPS Technologies from a “c” rating to a “b-” rating in a research report on Tuesday, September 26th. Finally, Zacks Investment Research lowered shares of Net 1 UEPS Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th.

Shares of Net 1 UEPS Technologies, Inc. (UEPS) opened at 9.48 on Tuesday. The firm has a market cap of $529.59 million, a P/E ratio of 7.13 and a beta of 0.77. The company has a 50-day moving average of $9.58 and a 200 day moving average of $10.02. Net 1 UEPS Technologies, Inc. has a 12-month low of $9.06 and a 12-month high of $13.81.

Net 1 UEPS Technologies (NASDAQ:UEPS) last posted its quarterly earnings results on Friday, August 25th. The business services provider reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.07). The company had revenue of $155.10 million for the quarter, compared to analysts’ expectations of $172.64 million. Net 1 UEPS Technologies had a return on equity of 14.06% and a net margin of 11.96%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 EPS. Equities research analysts anticipate that Net 1 UEPS Technologies, Inc. will post $1.64 earnings per share for the current fiscal year.

Net 1 UEPS Technologies 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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Institutional Ownership by Quarter for Net 1 UEPS Technologies (NASDAQ:UEPS)

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