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

Shares of Net 1 UEPS Technologies Inc (NASDAQ:UEPS) have received a consensus recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $15.00.

Several research firms have recently issued reports on UEPS. Zacks Investment Research upgraded shares of Net 1 UEPS Technologies from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Friday, March 16th. BidaskClub upgraded shares of Net 1 UEPS Technologies from a “sell” rating to a “hold” rating in a research report on Monday, May 14th. Finally, ValuEngine upgraded shares of Net 1 UEPS Technologies from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd.

Several institutional investors have recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC bought a new stake in shares of Net 1 UEPS Technologies during the first quarter valued at approximately $16,758,000. Prescott Group Capital Management L.L.C. increased its position in Net 1 UEPS Technologies by 58.0% in the first quarter. Prescott Group Capital Management L.L.C. now owns 1,698,501 shares of the business services provider’s stock worth $16,068,000 after purchasing an additional 623,763 shares during the last quarter. Hosking Partners LLP increased its position in Net 1 UEPS Technologies by 4.4% in the first quarter. Hosking Partners LLP now owns 531,406 shares of the business services provider’s stock worth $5,027,000 after purchasing an additional 22,537 shares during the last quarter. Two Sigma Advisers LP increased its position in Net 1 UEPS Technologies by 73.3% in the fourth quarter. Two Sigma Advisers LP now owns 323,635 shares of the business services provider’s stock worth $3,848,000 after purchasing an additional 136,900 shares during the last quarter. Finally, Two Sigma Investments LP increased its position in Net 1 UEPS Technologies by 198.7% in the fourth quarter. Two Sigma Investments LP now owns 321,899 shares of the business services provider’s stock worth $3,827,000 after purchasing an additional 214,135 shares during the last quarter. Hedge funds and other institutional investors own 56.15% of the company’s stock.

Net 1 UEPS Technologies traded up $0.12, reaching $9.39, on Thursday, according to Marketbeat.com. 5,956 shares of the stock were exchanged, compared to its average volume of 344,547. Net 1 UEPS Technologies has a one year low of $8.05 and a one year high of $13.20. The stock has a market cap of $532.80 million, a price-to-earnings ratio of 5.54 and a beta of 0.80. The company has a current ratio of 1.32, a quick ratio of 1.29 and a debt-to-equity ratio of 0.02.

Net 1 UEPS Technologies (NASDAQ:UEPS) last released its earnings results on Thursday, May 10th. The business services provider reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.53. The company had revenue of $162.72 million for the quarter, compared to analysts’ expectations of $144.13 million. Net 1 UEPS Technologies had a net margin of 7.01% and a return on equity of 15.79%. sell-side analysts forecast that Net 1 UEPS Technologies will post 1.64 EPS for the current year.

Net 1 UEPS Technologies Company Profile

Net 1 UEPS Technologies, Inc provides payment solutions, transaction processing services, and financial technologies to various industries in South Africa, South Korea, and internationally. The company develops and markets transaction processing solutions that comprise 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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