Seizert Capital Partners LLC increased its holdings in shares of Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) by 38.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 525,650 shares of the business services provider’s stock after buying an additional 144,917 shares during the quarter. Seizert Capital Partners LLC owned 0.94% of Net 1 UEPS Technologies worth $5,120,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of UEPS. Woodmont Investment Counsel LLC grew its stake in Net 1 UEPS Technologies by 28.9% in the second quarter. Woodmont Investment Counsel LLC now owns 97,601 shares of the business services provider’s stock valued at $962,000 after purchasing an additional 21,873 shares in the last quarter. FMR LLC grew its stake in Net 1 UEPS Technologies by 1.4% in the first quarter. FMR LLC now owns 591,400 shares of the business services provider’s stock valued at $7,233,000 after purchasing an additional 8,400 shares in the last quarter. ETF Managers Group LLC purchased a new position in Net 1 UEPS Technologies in the second quarter valued at about $540,000. Bank of New York Mellon Corp grew its stake in Net 1 UEPS Technologies by 24.2% in the second quarter. Bank of New York Mellon Corp now owns 332,807 shares of the business services provider’s stock valued at $3,282,000 after purchasing an additional 64,767 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Net 1 UEPS Technologies by 13.4% in the second quarter. Renaissance Technologies LLC now owns 1,652,967 shares of the business services provider’s stock valued at $16,298,000 after purchasing an additional 195,767 shares in the last quarter. Institutional investors and hedge funds own 56.09% of the company’s stock.

In related news, Director Christopher Stefan Seabrooke sold 24,533 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $9.83, for a total transaction of $241,159.39. Following the completion of the transaction, the director now owns 18,124 shares in the company, valued at $178,158.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul Edwards sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $10.18, for a total transaction of $50,900.00. Following the transaction, the director now owns 19,822 shares of the company’s stock, valued at approximately $201,787.96. The disclosure for this sale can be found here. Corporate insiders own 3.18% of the company’s stock.

Net 1 UEPS Technologies, Inc. (UEPS) traded down $0.04 on Friday, hitting $9.10. The stock had a trading volume of 221,138 shares, compared to its average volume of 100,993. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.52 and a current ratio of 1.53. The company has a market cap of $512.35, a P/E ratio of 5.26 and a beta of 0.75.

Net 1 UEPS Technologies (NASDAQ:UEPS) last posted its quarterly earnings results on Friday, August 25th. The business services provider reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.07). The firm had revenue of $155.10 million during the quarter, compared to the consensus estimate of $172.64 million. Net 1 UEPS Technologies had a return on equity of 14.06% and a net margin of 11.96%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 earnings per share. sell-side analysts forecast that Net 1 UEPS Technologies, Inc. will post 1.5 EPS for the current fiscal year.

A number of brokerages have commented on UEPS. TheStreet upgraded Net 1 UEPS Technologies from a “c” rating to a “b-” rating in a research note on Tuesday, September 26th. BidaskClub upgraded Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded Net 1 UEPS Technologies from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 26th. Finally, ValuEngine upgraded Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th.

ILLEGAL ACTIVITY WARNING: This piece was first published by Watch List News and is the property of of Watch List News. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at https://www.watchlistnews.com/net-1-ueps-technologies-inc-ueps-shares-bought-by-seizert-capital-partners-llc/1678375.html.

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.

Want to see what other hedge funds are holding UEPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS).

Institutional Ownership by Quarter for Net 1 UEPS Technologies (NASDAQ:UEPS)

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.