Two Sigma Securities LLC Purchases Shares of 12,063 USA Technologies, Inc. (USAT)
Two Sigma Securities LLC acquired a new position in shares of USA Technologies, Inc. (NASDAQ:USAT) during the fourth quarter, HoldingsChannel reports. The fund acquired 12,063 shares of the technology company’s stock, valued at approximately $118,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Axiom International Investors LLC DE purchased a new stake in USA Technologies during the 3rd quarter worth about $1,954,000. Schwab Charles Investment Management Inc. lifted its holdings in USA Technologies by 57.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 88,400 shares of the technology company’s stock worth $553,000 after purchasing an additional 32,100 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in USA Technologies during the 3rd quarter worth about $7,163,000. Bank of New York Mellon Corp lifted its holdings in USA Technologies by 17.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 145,379 shares of the technology company’s stock worth $909,000 after purchasing an additional 21,714 shares in the last quarter. Finally, Emerald Advisers Inc. PA lifted its holdings in USA Technologies by 1,408.0% during the 4th quarter. Emerald Advisers Inc. PA now owns 572,131 shares of the technology company’s stock worth $5,578,000 after purchasing an additional 534,191 shares in the last quarter. 56.05% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on USAT. Northland Securities reissued a “buy” rating and set a $14.00 price objective on shares of USA Technologies in a report on Thursday, March 15th. BidaskClub raised USA Technologies from a “hold” rating to a “buy” rating in a report on Thursday, March 15th. Finally, Zacks Investment Research cut USA Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. USA Technologies has a consensus rating of “Buy” and an average target price of $12.00.
USA Technologies (NASDAQ:USAT) last issued its quarterly earnings data on Thursday, February 8th. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The business had revenue of $32.51 million for the quarter, compared to analysts’ expectations of $31.38 million. USA Technologies had a positive return on equity of 2.18% and a negative net margin of 10.39%. analysts expect that USA Technologies, Inc. will post 0.06 earnings per share for the current fiscal year.
In other USA Technologies news, Director Albin F. Moschner sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $9.45, for a total value of $189,000.00. Following the transaction, the director now directly owns 352,926 shares in the company, valued at approximately $3,335,150.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Albin F. Moschner sold 9,478 shares of the company’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $9.61, for a total value of $91,083.58. Following the completion of the transaction, the director now owns 352,926 shares in the company, valued at $3,391,618.86. The disclosure for this sale can be found here. Insiders sold a total of 30,522 shares of company stock worth $290,210 over the last 90 days. Corporate insiders own 4.38% of the company’s stock.
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USA Technologies Profile
USA Technologies, Inc provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale (POS) market. The Company is a provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other unattended market segments, such as amusement, commercial laundry, kiosk and others.
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