Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Thursday, October 26th.
According to Zacks, “Net 1 U.E.P.S. Technologies provides its universal electronic payment system as an alternative payment system for the unbanked and under-banked populations of developing economies. Net 1 believes that it is the first company worldwide to implement a system that can enable the estimated four billion people who generally have limited or no access to a bank account to enter affordably into electronic transactions with each other, government agencies, employers, merchants and other financial service providers. “
A number of other analysts have also recently issued reports on UEPS. BidaskClub cut shares of Net 1 UEPS Technologies from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th. ValuEngine upgraded shares of Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th. Finally, TheStreet upgraded shares of Net 1 UEPS Technologies from a “c” rating to a “b-” rating in a research note on Tuesday, September 26th.
Net 1 UEPS Technologies (NASDAQ:UEPS) opened at $9.88 on Thursday. The stock has a market cap of $562.45, a P/E ratio of 6.14 and a beta of 0.75. The company has a quick ratio of 1.52, a current ratio of 1.53 and a debt-to-equity ratio of 0.01. 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 released its earnings results on Friday, August 25th. The business services provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.07). Net 1 UEPS Technologies had a return on equity of 13.24% and a net margin of 11.17%. The firm had revenue of $155.10 million during the quarter, compared to analysts’ expectations of $172.64 million. During the same period last year, the business earned $0.51 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. research analysts expect that Net 1 UEPS Technologies will post 1.5 earnings per share for the current fiscal year.
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In related news, Director Paul Edwards sold 5,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $201,787.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christopher Stefan Seabrooke sold 24,533 shares of the company’s stock in a transaction dated 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 owns 18,124 shares in the company, valued at approximately $178,158.92. The disclosure for this sale can be found here. Insiders own 3.18% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. acquired a new stake in shares of Net 1 UEPS Technologies in the 2nd quarter valued at approximately $107,000. Wedbush Securities Inc. acquired a new stake in shares of Net 1 UEPS Technologies in the 3rd quarter valued at approximately $117,000. Karp Capital Management Corp acquired a new stake in shares of Net 1 UEPS Technologies in the 1st quarter valued at approximately $125,000. Regal Investment Advisors LLC acquired a new stake in shares of Net 1 UEPS Technologies in the 3rd quarter valued at approximately $156,000. Finally, Highbridge Capital Management LLC bought a new stake in Net 1 UEPS Technologies during the 1st quarter worth approximately $162,000. Institutional investors and hedge funds own 56.66% 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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