Net 1 UEPS Technologies Inc (NASDAQ:UEPS) Director Christopher Stefan Seabrooke acquired 20,000 shares of the company’s stock in a transaction on Thursday, September 20th. The shares were bought at an average price of $7.48 per share, with a total value of $149,600.00. Following the completion of the purchase, the director now directly owns 18,124 shares of the company’s stock, valued at $135,567.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Net 1 UEPS Technologies stock opened at $7.65 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.51 and a quick ratio of 1.47. Net 1 UEPS Technologies Inc has a 52-week low of $5.90 and a 52-week high of $13.20. The firm has a market cap of $407.55 million, a price-to-earnings ratio of 3.73 and a beta of 1.23.

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

Several large investors have recently made changes to their positions in UEPS. Foundry Partners LLC acquired a new stake in shares of Net 1 UEPS Technologies in the second quarter valued at $5,216,000. Millennium Management LLC increased its stake in shares of Net 1 UEPS Technologies by 224.3% in the second quarter. Millennium Management LLC now owns 700,170 shares of the business services provider’s stock valued at $6,358,000 after buying an additional 484,253 shares in the last quarter. Prescott Group Capital Management L.L.C. increased its stake in shares of Net 1 UEPS Technologies by 11.8% in the second quarter. Prescott Group Capital Management L.L.C. now owns 1,898,857 shares of the business services provider’s stock valued at $17,242,000 after buying an additional 200,356 shares in the last quarter. Daiwa SB Investments Ltd. increased its stake in shares of Net 1 UEPS Technologies by 68.8% in the second quarter. Daiwa SB Investments Ltd. now owns 372,897 shares of the business services provider’s stock valued at $3,386,000 after buying an additional 151,963 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Net 1 UEPS Technologies by 98.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 214,009 shares of the business services provider’s stock valued at $1,943,000 after buying an additional 105,926 shares in the last quarter. Institutional investors own 53.49% of the company’s stock.

Several research analysts have issued reports on UEPS shares. Maxim Group dropped their price objective on Net 1 UEPS Technologies from $24.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, August 29th. ValuEngine upgraded Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 2nd. BidaskClub lowered Net 1 UEPS Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, June 21st. Finally, Sidoti started coverage on Net 1 UEPS Technologies in a research note 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 company. Net 1 UEPS Technologies presently has an average rating of “Hold” and an average price target of $15.50.

About Net 1 UEPS Technologies

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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