Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in shares of Net 1 UEPS Technologies Inc (NASDAQ:UEPS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 26,100 shares of the business services provider’s stock, valued at approximately $237,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UEPS. Dynamic Technology Lab Private Ltd bought a new position in shares of Net 1 UEPS Technologies during the second quarter worth about $158,000. Paloma Partners Management Co bought a new position in shares of Net 1 UEPS Technologies during the second quarter worth about $233,000. Firsthand Capital Management Inc. bought a new position in shares of Net 1 UEPS Technologies during the first quarter worth about $284,000. JPMorgan Chase & Co. grew its holdings in shares of Net 1 UEPS Technologies by 22.9% during the first quarter. JPMorgan Chase & Co. now owns 71,369 shares of the business services provider’s stock worth $675,000 after buying an additional 13,299 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Net 1 UEPS Technologies by 9.3% during the first quarter. BlackRock Inc. now owns 118,052 shares of the business services provider’s stock worth $1,116,000 after buying an additional 10,029 shares in the last quarter. 53.95% of the stock is currently owned by institutional investors.

UEPS stock opened at $7.68 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 1.51 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $431.23 million, a price-to-earnings ratio of 3.94 and a beta of 1.25. Net 1 UEPS Technologies Inc has a twelve month low of $5.90 and a twelve month high of $13.20.

Net 1 UEPS Technologies (NASDAQ:UEPS) last posted its quarterly earnings results on Wednesday, August 29th. The business services provider reported $0.21 earnings per share for the quarter. The firm had revenue of $149.19 million during the quarter. Net 1 UEPS Technologies had a return on equity of 13.96% and a net margin of 6.39%.

A number of research firms recently issued reports on UEPS. BidaskClub upgraded Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a report on Friday. Maxim Group decreased their price objective on Net 1 UEPS Technologies from $24.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, August 29th. ValuEngine upgraded Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a report on Thursday, August 2nd. Finally, Sidoti began coverage on Net 1 UEPS Technologies in a report on Thursday, June 28th. They set a “buy” rating and a $18.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Net 1 UEPS Technologies has a consensus rating of “Hold” and a consensus target price of $15.50.

In related news, Director Christopher Stefan Seabrooke purchased 20,000 shares of the firm’s stock in a transaction on Thursday, September 20th. The stock was purchased at an average cost of $7.48 per share, for a total transaction of $149,600.00. Following the completion of the purchase, the director now directly owns 18,124 shares in the company, valued at $135,567.52. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Alfred T. Mockett purchased 20,790 shares of the firm’s stock in a transaction on Wednesday, June 27th. The stock was bought at an average price of $8.63 per share, with a total value of $179,417.70. Following the completion of the purchase, the director now owns 17,639 shares of the company’s stock, valued at $152,224.57. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 52,790 shares of company stock valued at $409,898. Corporate insiders own 3.18% of the company’s stock.

Net 1 UEPS Technologies Profile

Net 1 UEPS Technologies, Inc provides payment solutions, transaction processing services, and financial technologies to various industries in South Africa, South Korea, and internationally. The company develops and markets transaction processing solutions that comprise 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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