Paul Edwards Sells 9,000 Shares of Net 1 UEPS Technologies Inc (UEPS) Stock

Net 1 UEPS Technologies Inc (NASDAQ:UEPS) Director Paul Edwards sold 9,000 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $11.36, for a total transaction of $102,240.00. Following the transaction, the director now directly owns 10,822 shares in the company, valued at $122,937.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Paul Edwards also recently made the following trade(s):

  • On Wednesday, September 20th, Paul Edwards sold 5,000 shares of Net 1 UEPS Technologies stock. The stock was sold at an average price of $10.18, for a total transaction of $50,900.00.

Net 1 UEPS Technologies Inc (NASDAQ:UEPS) traded down $0.17 during midday trading on Thursday, hitting $10.93. 361,000 shares of the company traded hands, compared to its average volume of 193,848. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.05. Net 1 UEPS Technologies Inc has a twelve month low of $8.87 and a twelve month high of $13.81. The company has a market capitalization of $631.90, a PE ratio of 6.89 and a beta of 0.80.

Several equities analysts have commented on the stock. TheStreet raised shares of Net 1 UEPS Technologies from a “c+” rating to a “b-” rating in a research report on Friday, December 1st. ValuEngine upgraded shares of Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Sidoti began coverage on shares of Net 1 UEPS Technologies in a report on Monday, November 20th. They set a “buy” rating for the company. Finally, Zacks Investment Research upgraded shares of Net 1 UEPS Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 price target for the company in a report on Saturday, November 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $11.00.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. bought a new position in Net 1 UEPS Technologies during the second quarter worth about $107,000. Wedbush Securities Inc. bought a new position in Net 1 UEPS Technologies during the third quarter worth about $117,000. Regal Investment Advisors LLC bought a new position in Net 1 UEPS Technologies during the third quarter worth about $156,000. Nine Chapters Capital Management LLC bought a new position in Net 1 UEPS Technologies during the third quarter worth about $190,000. Finally, Macquarie Group Ltd. bought a new position in Net 1 UEPS Technologies during the third quarter worth about $244,000. Institutional investors and hedge funds own 56.12% of the company’s stock.

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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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