Net 1 UEPS Technologies Inc (UEPS) Receives Consensus Rating of “Hold” from Brokerages

Net 1 UEPS Technologies Inc (NASDAQ:UEPS) has been given an average recommendation of “Hold” by the six ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $15.00.

Several research firms have commented on UEPS. Robert W. Baird reissued a “buy” rating and set a $15.00 price objective on shares of Net 1 UEPS Technologies in a report on Friday. Zacks Investment Research raised shares of Net 1 UEPS Technologies from a “strong sell” rating to a “hold” rating in a report on Thursday, October 26th. BidaskClub downgraded shares of Net 1 UEPS Technologies from a “hold” rating to a “sell” rating in a report on Thursday. ValuEngine downgraded shares of Net 1 UEPS Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Finally, TheStreet raised shares of Net 1 UEPS Technologies from a “c+” rating to a “b-” rating in a report on Friday, December 1st.

Shares of Net 1 UEPS Technologies (UEPS) traded down $0.83 during mid-day trading on Friday, reaching $9.85. The company’s stock had a trading volume of 2,103,045 shares, compared to its average volume of 587,127. Net 1 UEPS Technologies has a 1-year low of $8.87 and a 1-year high of $13.81. The stock has a market cap of $615.96, a price-to-earnings ratio of 8.01 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, beating the consensus estimate of $0.34 by $0.07. Net 1 UEPS Technologies had a net margin of 11.17% and a return on equity of 13.06%. The business had revenue of $152.56 million during the quarter, compared to the consensus estimate of $151.94 million. equities analysts anticipate that Net 1 UEPS Technologies will post 1.58 earnings per share for the current fiscal year.

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

Large investors have recently made changes to their positions in the stock. Wedbush Securities Inc. bought a new position in shares of Net 1 UEPS Technologies in the 3rd quarter valued at about $117,000. Regal Investment Advisors LLC bought a new stake in Net 1 UEPS Technologies in the third quarter worth about $156,000. Nine Chapters Capital Management LLC bought a new stake in Net 1 UEPS Technologies in the third quarter worth about $190,000. Verity Asset Management Inc. bought a new stake in Net 1 UEPS Technologies in the fourth quarter worth about $202,000. Finally, FNY Partners Fund LP bought a new stake in Net 1 UEPS Technologies in the fourth quarter worth about $204,000. 55.94% of the stock is owned by hedge funds and other institutional investors.

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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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