Shares of Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokerages have set a 12 month consensus price objective of $16.00 for the company and are predicting that the company will post $0.38 earnings per share for the current quarter, according to Zacks. Zacks has also given Net 1 UEPS Technologies an industry rank of 82 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised Net 1 UEPS Technologies from a “strong sell” rating to a “hold” rating in a report on Thursday, July 7th.

In other news, insider Philip Marc Belamant sold 8,363 shares of the firm’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $8.90, for a total value of $74,430.70. Following the completion of the transaction, the insider now directly owns 30,934 shares of the company’s stock, valued at $275,312.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher Stefan Seabrooke sold 7,174 shares of the firm’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $9.71, for a total value of $69,659.54. Following the completion of the transaction, the director now directly owns 21,946 shares of the company’s stock, valued at $213,095.66. The disclosure for this sale can be found here. Company insiders own 5.58% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Penserra Capital Management LLC raised its position in Net 1 UEPS Technologies by 7.0% in the second quarter. Penserra Capital Management LLC now owns 10,128 shares of the company’s stock worth $101,000 after buying an additional 665 shares during the last quarter. State Street Corp raised its position in Net 1 UEPS Technologies by 2.0% in the second quarter. State Street Corp now owns 34,778 shares of the company’s stock worth $348,000 after buying an additional 695 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in Net 1 UEPS Technologies by 3.5% in the second quarter. UBS Asset Management Americas Inc. now owns 26,490 shares of the company’s stock worth $265,000 after buying an additional 900 shares during the last quarter. Royal Bank of Canada raised its position in Net 1 UEPS Technologies by 11.1% in the first quarter. Royal Bank of Canada now owns 12,395 shares of the company’s stock worth $114,000 after buying an additional 1,234 shares during the last quarter. Finally, RDL Financial Inc. raised its position in Net 1 UEPS Technologies by 1.1% in the first quarter. RDL Financial Inc. now owns 136,523 shares of the company’s stock worth $1,256,000 after buying an additional 1,432 shares during the last quarter. 67.74% of the stock is owned by hedge funds and other institutional investors.

Net 1 UEPS Technologies (NASDAQ:UEPS) traded up 0.11% during trading on Wednesday, hitting $8.94. The stock had a trading volume of 27,394 shares. The company has a 50-day moving average of $9.89 and a 200-day moving average of $10.19. The stock has a market capitalization of $488.86 million, a P/E ratio of 5.23 and a beta of 0.90. Net 1 UEPS Technologies has a 52 week low of $8.44 and a 52 week high of $18.37.

Net 1 UEPS Technologies (NASDAQ:UEPS) last released its earnings results on Thursday, August 25th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.07. The company earned $151.30 million during the quarter, compared to analyst estimates of $161.90 million. Net 1 UEPS Technologies had a return on equity of 17.72% and a net margin of 13.96%. Net 1 UEPS Technologies’s quarterly revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 earnings per share. On average, equities analysts expect that Net 1 UEPS Technologies will post $1.70 earnings per share for the current fiscal year.

Net 1 UEPS Technologies Company Profile

Net 1 UEPS Technologies, Inc is South Africa-based a provider of payment solutions and transaction processing services across a range of industries and in various geographies. The Company operates in four segments: Smart card accounts, International transaction-based activities, financial services and Hardware, software and related technology sales.

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