USA Technologies, Inc. (USAT) Stake Decreased by White Pine Capital LLC
White Pine Capital LLC lowered its holdings in USA Technologies, Inc. (NASDAQ:USAT) by 23.3% in the 4th quarter, Holdings Channel reports. The firm owned 83,190 shares of the technology company’s stock after selling 25,300 shares during the period. White Pine Capital LLC’s holdings in USA Technologies were worth $811,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Axiom International Investors LLC DE purchased a new position in shares of USA Technologies in the third quarter worth $1,954,000. Schwab Charles Investment Management Inc. raised its stake in shares of USA Technologies by 57.0% in the third 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 during the last quarter. EAM Investors LLC purchased a new position in shares of USA Technologies in the third quarter worth $3,096,000. Russell Investments Group Ltd. purchased a new position in shares of USA Technologies in the third quarter worth $7,163,000. Finally, Bank of New York Mellon Corp raised its stake in shares of USA Technologies by 17.6% in the third 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 during the last quarter. Hedge funds and other institutional investors own 57.50% of the company’s stock.
Several research analysts have recently weighed in on USAT shares. Zacks Investment Research cut USA Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 15th. BidaskClub cut USA Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Finally, Northland Securities set a $12.00 price objective on USA Technologies and gave the company a “buy” rating in a research report on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $11.00.
USA Technologies (NASDAQ:USAT) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $32.51 million during 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%. equities analysts forecast that USA Technologies, Inc. will post 0.07 EPS for the current year.
In related news, Director Albin F. Moschner sold 9,478 shares of the company’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $9.61, for a total transaction of $91,083.58. Following the completion of the sale, the director now owns 352,926 shares in the company, valued at $3,391,618.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Albin F. Moschner sold 20,000 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $9.52, for a total value of $190,400.00. Following the sale, the director now owns 378,926 shares of the company’s stock, valued at approximately $3,607,375.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 74,901 shares of company stock valued at $693,377. 4.38% of the stock is owned by company insiders.
USA Technologies Company 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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