Fmr LLC lifted its holdings in Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) by 15.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 685,134 shares of the business services provider’s stock after buying an additional 93,734 shares during the quarter. Fmr LLC owned 1.21% of Net 1 UEPS Technologies worth $6,755,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of UEPS. Marshall Wace North America L.P. purchased a new stake in shares of Net 1 UEPS Technologies in the second quarter valued at approximately $107,000. Karp Capital Management Corp purchased a new stake in shares of Net 1 UEPS Technologies in the first quarter valued at approximately $125,000. Highbridge Capital Management LLC purchased a new stake in shares of Net 1 UEPS Technologies in the first quarter valued at approximately $162,000. Wells Fargo & Company MN acquired a new position in Net 1 UEPS Technologies during the first quarter worth $205,000. Finally, Nationwide Fund Advisors acquired a new position in Net 1 UEPS Technologies during the first quarter worth $209,000. Hedge funds and other institutional investors own 56.09% of the company’s stock.
Net 1 UEPS Technologies (NASDAQ:UEPS) last issued its quarterly earnings results on Friday, August 25th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.07). The firm had revenue of $155.10 million for the quarter, compared to the consensus estimate of $172.64 million. Net 1 UEPS Technologies had a net margin of 11.96% and a return on equity of 14.06%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 earnings per share.
In other Net 1 UEPS Technologies news, Director Paul Edwards sold 5,000 shares of the stock in a transaction 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 transaction, the director now directly owns 19,822 shares of the company’s stock, valued at approximately $201,787.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christopher Stefan Seabrooke sold 24,533 shares of the stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $9.83, for a total value of $241,159.39. Following the transaction, the director now directly owns 18,124 shares of the company’s stock, valued at $178,158.92. The disclosure for this sale can be found here. Company insiders own 3.18% of the company’s stock.
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Several equities analysts recently issued reports on the company. Zacks Investment Research raised Net 1 UEPS Technologies from a “strong sell” rating to a “hold” rating in a report on Thursday, October 26th. TheStreet raised Net 1 UEPS Technologies from a “c” rating to a “b-” rating in a report on Tuesday, September 26th. ValuEngine raised Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Finally, BidaskClub raised Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th.
About Net 1 UEPS Technologies
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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