Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research raised Net 1 UEPS Technologies from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Saturday, June 10th. TheStreet cut Net 1 UEPS Technologies from a “b” rating to a “c+” rating in a report on Thursday, May 4th.

Net 1 UEPS Technologies (NASDAQ UEPS) traded up 2.36% during trading on Friday, hitting $9.56. The stock had a trading volume of 45,928 shares. The company has a market cap of $541.91 million, a PE ratio of 5.85 and a beta of 0.77. Net 1 UEPS Technologies has a 12 month low of $8.37 and a 12 month high of $13.81. The company’s 50 day moving average is $9.80 and its 200-day moving average is $11.02.

ILLEGAL ACTIVITY WARNING: This story was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://www.watchlistnews.com/net-1-ueps-technologies-inc-nasdaqueps-raised-to-sell-at-bidaskclub/1472277.html.

A number of large investors have recently bought and sold shares of UEPS. AJO LP boosted its stake in Net 1 UEPS Technologies by 5.8% in the second quarter. AJO LP now owns 397,131 shares of the business services provider’s stock valued at $3,916,000 after buying an additional 21,922 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Net 1 UEPS Technologies by 2.0% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 35,735 shares of the business services provider’s stock valued at $352,000 after buying an additional 690 shares during the period. Seizert Capital Partners LLC boosted its stake in Net 1 UEPS Technologies by 38.7% in the second quarter. Seizert Capital Partners LLC now owns 380,733 shares of the business services provider’s stock valued at $3,754,000 after buying an additional 106,193 shares during the period. Hosking Partners LLP boosted its stake in Net 1 UEPS Technologies by 1.6% in the second quarter. Hosking Partners LLP now owns 249,396 shares of the business services provider’s stock valued at $2,459,000 after buying an additional 4,029 shares during the period. Finally, Marshall Wace North America L.P. acquired a new stake in Net 1 UEPS Technologies during the second quarter valued at about $107,000. 56.92% of the stock is owned by institutional investors.

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.

Receive News & Ratings for Net 1 UEPS Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Net 1 UEPS Technologies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.