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) 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.
ILLEGAL ACTIVITY NOTICE: “Zacks: Analysts Set $16.00 Price Target for Net 1 UEPS Technologies Inc (UEPS)” was posted by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://www.com-unik.info/2018/02/08/zacks-analysts-set-16-00-price-target-for-net-1-ueps-technologies-inc-ueps.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Net 1 UEPS Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Net 1 UEPS Technologies and related companies with MarketBeat.com's FREE daily email newsletter.