Net 1 UEPS Technologies (NASDAQ:UEPS) had its target price decreased by Maxim Group to $7.00 in a research report released on Monday morning, The Fly reports. Maxim Group currently has a positive rating on the business services provider’s stock.

UEPS has been the subject of several other research reports. ValuEngine cut shares of Net 1 UEPS Technologies from a hold rating to a sell rating in a research report on Saturday, January 19th. B. Riley began coverage on shares of Net 1 UEPS Technologies in a research report on Friday, January 18th. They issued a buy rating and a $10.00 price objective for the company. BidaskClub cut shares of Net 1 UEPS Technologies from a hold rating to a sell rating in a research report on Friday, January 25th. Finally, TheStreet cut shares of Net 1 UEPS Technologies from a c rating to a d+ rating in a research report on Friday, November 9th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $11.50.

UEPS opened at $3.92 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $216.54 million, a price-to-earnings ratio of 2.00 and a beta of 0.83. Net 1 UEPS Technologies has a 1-year low of $2.78 and a 1-year high of $11.00.

Net 1 UEPS Technologies (NASDAQ:UEPS) last posted its quarterly earnings data on Thursday, February 7th. The business services provider reported ($1.12) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.88). The company had revenue of $97.15 million during the quarter, compared to analyst estimates of $116.64 million. Net 1 UEPS Technologies had a negative net margin of 11.05% and a positive return on equity of 0.19%. The company’s revenue was down 34.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 EPS. As a group, equities research analysts forecast that Net 1 UEPS Technologies will post -0.43 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Prescott Group Capital Management L.L.C. boosted its stake in Net 1 UEPS Technologies by 94.4% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 5,636,233 shares of the business services provider’s stock worth $26,434,000 after acquiring an additional 2,737,144 shares during the last quarter. Capital World Investors boosted its stake in Net 1 UEPS Technologies by 3.2% during the 3rd quarter. Capital World Investors now owns 1,702,801 shares of the business services provider’s stock worth $13,622,000 after acquiring an additional 52,801 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in Net 1 UEPS Technologies by 8.9% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,230,326 shares of the business services provider’s stock worth $9,843,000 after acquiring an additional 100,269 shares during the last quarter. Hosking Partners LLP boosted its stake in Net 1 UEPS Technologies by 11.3% during the 4th quarter. Hosking Partners LLP now owns 578,824 shares of the business services provider’s stock worth $2,715,000 after acquiring an additional 58,558 shares during the last quarter. Finally, LSV Asset Management boosted its stake in Net 1 UEPS Technologies by 145.9% during the 4th quarter. LSV Asset Management now owns 371,027 shares of the business services provider’s stock worth $1,740,000 after acquiring an additional 220,149 shares during the last quarter. 51.90% of the stock is currently owned by institutional investors.

About Net 1 UEPS Technologies

Net 1 UEPS Technologies, Inc provides transaction processing services, financial inclusion products and services, and secure payment technologies in South Africa, the Republic of Korea, and internationally. The company develops and markets transaction processing solutions, including smart card-based alternative payment systems for the unbanked and under-banked populations of developing economies and for mobile transaction channels.

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