Net 1 UEPS Technologies, Inc. (UEPS) Director Alasdair Jonathan Kemsley Pein Sells 6,500 Shares

Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) Director Alasdair Jonathan Kemsley Pein sold 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $11.01, for a total value of $71,565.00. Following the completion of the transaction, the director now owns 29,061 shares of the company’s stock, valued at approximately $319,961.61. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Net 1 UEPS Technologies, Inc. (UEPS) traded down $0.43 during trading on Wednesday, hitting $10.94. The stock had a trading volume of 725,439 shares, compared to its average volume of 189,261. The stock has a market cap of $611.97, a PE ratio of 6.68 and a beta of 0.80. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.33 and a current ratio of 1.35. Net 1 UEPS Technologies, Inc. has a 12 month low of $8.87 and a 12 month high of $13.81.

A number of equities analysts have weighed in on the company. ValuEngine upgraded Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 22nd. TheStreet upgraded Net 1 UEPS Technologies from a “c+” rating to a “b-” rating in a report on Friday, December 1st. Sidoti assumed coverage on Net 1 UEPS Technologies in a report on Monday, November 20th. They issued a “buy” rating for the company. Finally, Zacks Investment Research upgraded Net 1 UEPS Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 price target for the company in a report on Saturday, November 18th. One analyst has rated the stock with a sell rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $11.00.

Institutional investors have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. purchased a new position in shares of Net 1 UEPS Technologies during the 2nd quarter valued at approximately $107,000. Wedbush Securities Inc. purchased a new position in shares of Net 1 UEPS Technologies during the 3rd quarter valued at approximately $117,000. Regal Investment Advisors LLC purchased a new position in shares of Net 1 UEPS Technologies during the 3rd quarter valued at approximately $156,000. Nine Chapters Capital Management LLC purchased a new position in shares of Net 1 UEPS Technologies during the 3rd quarter valued at approximately $190,000. Finally, Macquarie Group Ltd. purchased a new position in shares of Net 1 UEPS Technologies during the 3rd quarter valued at approximately $244,000. Institutional investors own 56.14% of the company’s stock.

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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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