ValuEngine Upgrades Net 1 UEPS Technologies, Inc. (UEPS) to Strong-Buy
Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.
UEPS has been the topic of several other reports. Zacks Investment Research downgraded shares of Net 1 UEPS Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. BidaskClub lowered shares of Net 1 UEPS Technologies from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th.
Shares of Net 1 UEPS Technologies (UEPS) opened at 9.74 on Friday. The firm has a market capitalization of $544.12 million, a P/E ratio of 7.32 and a beta of 0.74. Net 1 UEPS Technologies has a 12-month low of $8.39 and a 12-month high of $13.81. The company has a 50-day moving average price of $9.44 and a 200-day moving average price of $10.36.
Net 1 UEPS Technologies (NASDAQ:UEPS) last issued its earnings results on Friday, August 25th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.07). The firm had revenue of $155.10 million during the quarter, compared to analysts’ expectations of $172.64 million. Net 1 UEPS Technologies had a return on equity of 14.06% and a net margin of 11.96%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 EPS. Equities analysts predict that Net 1 UEPS Technologies will post $1.64 EPS for the current year.
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In other news, Director Christopher Stefan Seabrooke sold 24,533 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $9.83, for a total value of $241,159.39. Following the completion of the sale, the director now owns 18,124 shares of the company’s stock, valued at approximately $178,158.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul Edwards sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $10.18, for a total value of $50,900.00. Following the completion of the sale, the director now directly owns 19,822 shares of the company’s stock, valued at approximately $201,787.96. The disclosure for this sale can be found here. 6.32% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. Marshall Wace North America L.P. bought a new position in Net 1 UEPS Technologies during the 2nd quarter worth approximately $107,000. Karp Capital Management Corp purchased a new position in Net 1 UEPS Technologies in the 1st quarter worth approximately $125,000. Highbridge Capital Management LLC purchased a new position in Net 1 UEPS Technologies in the 1st quarter worth approximately $162,000. Trexquant Investment LP increased its stake in Net 1 UEPS Technologies by 38.5% in the 1st quarter. Trexquant Investment LP now owns 14,400 shares of the business services provider’s stock worth $176,000 after purchasing an additional 4,000 shares during the period. Finally, Wells Fargo & Company MN purchased a new position in Net 1 UEPS Technologies in the 1st quarter worth approximately $205,000. Institutional investors own 57.60% of the company’s stock.
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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