Rathbones Group PLC Buys 225,000 Shares of Lesaka Technologies, Inc. $LSAK

Rathbones Group PLC grew its stake in shares of Lesaka Technologies, Inc. (NASDAQ:LSAK) by 6.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,644,420 shares of the company’s stock after purchasing an additional 225,000 shares during the period. Rathbones Group PLC owned about 4.33% of Lesaka Technologies worth $17,384,000 as of its most recent filing with the SEC.

Separately, Susquehanna International Group LLP bought a new stake in Lesaka Technologies during the 3rd quarter worth approximately $74,000. 24.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Finance Corp International sold 106,948 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $4.90, for a total value of $524,045.20. Following the transaction, the insider owned 5,330,784 shares in the company, valued at approximately $26,120,841.60. This represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 798,768 shares of company stock valued at $3,951,513 in the last quarter. 3.40% of the stock is currently owned by corporate insiders.

Lesaka Technologies Price Performance

Shares of NASDAQ LSAK opened at $4.99 on Friday. Lesaka Technologies, Inc. has a twelve month low of $3.62 and a twelve month high of $5.54. The stock’s 50 day moving average price is $4.96 and its 200-day moving average price is $4.58. The company has a market capitalization of $427.82 million, a PE ratio of -14.26 and a beta of 0.32. The company has a quick ratio of 1.44, a current ratio of 1.54 and a debt-to-equity ratio of 1.00.

Lesaka Technologies (NASDAQ:LSAK) last posted its quarterly earnings data on Friday, March 27th. The company reported $0.03 EPS for the quarter. Lesaka Technologies had a negative return on equity of 15.95% and a negative net margin of 4.11%.The business had revenue of $96.37 million for the quarter. On average, equities analysts anticipate that Lesaka Technologies, Inc. will post 0.03 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on LSAK. Weiss Ratings lowered Lesaka Technologies from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday. Wall Street Zen raised Lesaka Technologies from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Zacks Research raised Lesaka Technologies from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Lesaka Technologies presently has a consensus rating of “Reduce”.

About Lesaka Technologies

Lesaka Technologies, Inc operates as a Fintech company that utilizes its proprietary banking and payment technologies to deliver financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. It offers cash management solutions, growth capital, card acquiring, bill payment technologies, and value-added services to formal and informal retail merchants, as well as banking, lending, and insurance solutions to consumers across Southern Africa. The company also engages in the sale of POS devices, SIM cards, and other consumables; and license of rights to use certain technology developed by the company, as well as offers related technology services.