ValuEngine upgraded shares of Net 1 UEPS Technologies (NASDAQ:UEPS) from a buy rating to a strong-buy rating in a report issued on Friday morning.

UEPS has been the subject of several other research reports. Zacks Investment Research raised Net 1 UEPS Technologies from a hold rating to a strong-buy rating and set a $11.00 price target for the company in a research note on Saturday, November 18th. TheStreet raised Net 1 UEPS Technologies from a c rating to a b- rating in a research note on Tuesday, September 26th. Sidoti began coverage on Net 1 UEPS Technologies in a research note on Monday, November 20th. They issued a buy rating for the company. Finally, BidaskClub raised Net 1 UEPS Technologies from a strong sell rating to a sell rating in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $11.00.

Shares of Net 1 UEPS Technologies (NASDAQ:UEPS) traded up $0.31 during mid-day trading on Friday, hitting $11.41. The stock had a trading volume of 390,851 shares, compared to its average volume of 581,617. The firm has a market capitalization of $631.90, a PE ratio of 6.89 and a beta of 0.79. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.05. Net 1 UEPS Technologies has a 12 month low of $8.87 and a 12 month high of $13.81.

In related news, Director Paul Edwards sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 19,822 shares of the company’s stock, valued at $201,787.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher Stefan Seabrooke sold 24,533 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $9.83, for a total value of $241,159.39. Following the sale, the director now directly owns 18,124 shares of the company’s stock, valued at approximately $178,158.92. The disclosure for this sale can be found here. Corporate insiders own 3.18% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UEPS. Marshall Wace North America L.P. acquired a new stake in Net 1 UEPS Technologies during the second quarter worth approximately $107,000. Wedbush Securities Inc. acquired a new stake in Net 1 UEPS Technologies during the third quarter worth approximately $117,000. Regal Investment Advisors LLC acquired a new stake in Net 1 UEPS Technologies during the third quarter worth approximately $156,000. Nine Chapters Capital Management LLC acquired a new stake in Net 1 UEPS Technologies during the third quarter worth approximately $190,000. Finally, Macquarie Group Ltd. acquired a new stake in Net 1 UEPS Technologies during the third quarter worth approximately $244,000. 56.15% of the stock is owned by institutional investors and hedge funds.

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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.

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