Trexquant Investment LP purchased a new stake in shares of USA Technologies, Inc. (NASDAQ:USAT) during the third quarter, Holdings Channel reports. The firm purchased 60,989 shares of the technology company’s stock, valued at approximately $439,000.

Other large investors have also made changes to their positions in the company. Sei Investments Co. increased its holdings in USA Technologies by 1,467.7% during the 2nd quarter. Sei Investments Co. now owns 84,857 shares of the technology company’s stock valued at $1,188,000 after purchasing an additional 79,444 shares during the period. Castleark Management LLC increased its holdings in USA Technologies by 9.7% during the 2nd quarter. Castleark Management LLC now owns 811,120 shares of the technology company’s stock valued at $11,356,000 after purchasing an additional 71,956 shares during the period. BlackRock Inc. increased its holdings in USA Technologies by 10.8% during the 2nd quarter. BlackRock Inc. now owns 3,455,813 shares of the technology company’s stock valued at $48,382,000 after purchasing an additional 337,016 shares during the period. Waddell & Reed Financial Inc. purchased a new position in USA Technologies during the 2nd quarter valued at about $20,600,000. Finally, Janus Henderson Group PLC purchased a new position in USA Technologies during the 2nd quarter valued at about $17,044,000. Institutional investors own 70.98% of the company’s stock.

Shares of USAT opened at $4.73 on Thursday. The company has a current ratio of 1.34, a quick ratio of 1.08 and a debt-to-equity ratio of 0.29. USA Technologies, Inc. has a 52 week low of $4.64 and a 52 week high of $16.83. The company has a market capitalization of $283.80 million, a PE ratio of 67.57 and a beta of 0.93.

Several analysts have weighed in on USAT shares. Zacks Investment Research raised USA Technologies from a “hold” rating to a “buy” rating and set a $7.75 price objective on the stock in a research report on Friday, October 12th. ValuEngine cut USA Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, BidaskClub cut USA Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $12.92.

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USA Technologies Profile

USA Technologies, Inc provides wireless networking, cashless transactions, asset monitoring, and other value-added services in the United States and internationally. It designs and markets systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (M2M) services.

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Institutional Ownership by Quarter for USA Technologies (NASDAQ:USAT)

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