Zacks: Analysts Set $16.00 Price Target for Net 1 UEPS Technologies Inc (UEPS)

Shares of Net 1 UEPS Technologies Inc (NASDAQ:UEPS) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Analysts have set a 12-month consensus price target of $16.00 for the company and are anticipating that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Net 1 UEPS Technologies an industry rank of 119 out of 265 based on the ratings given to related companies.

Several equities research analysts recently commented on UEPS shares. ValuEngine upgraded Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 22nd. Sidoti started coverage on Net 1 UEPS Technologies in a report on Monday, November 20th. They issued a “buy” rating for the company. BidaskClub upgraded Net 1 UEPS Technologies from a “sell” rating to a “hold” rating in a report on Saturday, December 30th. Zacks Investment Research upgraded Net 1 UEPS Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective for the company in a report on Saturday, November 18th. Finally, TheStreet upgraded Net 1 UEPS Technologies from a “c+” rating to a “b-” rating in a report on Friday, December 1st.

Net 1 UEPS Technologies (NASDAQ:UEPS) traded down $0.14 during midday trading on Friday, reaching $10.68. The company had a trading volume of 756,037 shares, compared to its average volume of 530,964. Net 1 UEPS Technologies has a 52 week low of $8.87 and a 52 week high of $13.81. The company has a market cap of $627.91, a P/E ratio of 8.68 and a beta of 0.67. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.35 and a quick ratio of 1.33.

Net 1 UEPS Technologies (NASDAQ:UEPS) last released its quarterly earnings data on Thursday, November 9th. The business services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Net 1 UEPS Technologies had a return on equity of 13.06% and a net margin of 11.17%. The company had revenue of $152.56 million during the quarter, compared to the consensus estimate of $151.94 million. equities research analysts anticipate that Net 1 UEPS Technologies will post 1.58 EPS for the current year.

In other Net 1 UEPS Technologies news, Director Paul Edwards sold 9,000 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $11.36, for a total transaction of $102,240.00. Following the completion of the sale, the director now directly owns 10,822 shares in the company, valued at approximately $122,937.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Alasdair Jonathan Kemsley Pein sold 6,500 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $11.01, for a total value of $71,565.00. Following the sale, the director now owns 29,061 shares of the company’s stock, valued at $319,961.61. The disclosure for this sale can be found here. 3.18% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in UEPS. Wedbush Securities Inc. bought a new stake in shares of Net 1 UEPS Technologies during the 3rd quarter valued at about $117,000. Regal Investment Advisors LLC bought a new stake in shares of Net 1 UEPS Technologies during the 3rd quarter valued at about $156,000. Nine Chapters Capital Management LLC bought a new stake in shares of Net 1 UEPS Technologies during the 3rd quarter valued at about $190,000. Verity Asset Management Inc. bought a new stake in shares of Net 1 UEPS Technologies during the 4th quarter valued at about $202,000. Finally, FNY Partners Fund LP bought a new stake in shares of Net 1 UEPS Technologies during the 4th quarter valued at about $204,000. Institutional investors and hedge funds own 55.94% of the company’s stock.

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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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