Axiom International Investors LLC DE Lowers Stake in USA Technologies, Inc. (USAT)

Axiom International Investors LLC DE cut its holdings in USA Technologies, Inc. (NASDAQ:USAT) by 56.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 74,725 shares of the technology company’s stock after selling 96,420 shares during the quarter. Axiom International Investors LLC DE owned approximately 0.12% of USA Technologies worth $538,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Greenwood Capital Associates LLC acquired a new stake in shares of USA Technologies in the third quarter valued at $110,000. IFG Advisory LLC bought a new position in USA Technologies in the third quarter valued at about $143,000. BlueMountain Capital Management LLC bought a new position in USA Technologies in the second quarter valued at about $147,000. Bank of Montreal Can boosted its holdings in USA Technologies by 1,265.7% in the third quarter. Bank of Montreal Can now owns 25,169 shares of the technology company’s stock valued at $181,000 after acquiring an additional 23,326 shares during the last quarter. Finally, Credit Suisse AG boosted its holdings in USA Technologies by 152.6% in the third quarter. Credit Suisse AG now owns 34,800 shares of the technology company’s stock valued at $251,000 after acquiring an additional 21,022 shares during the last quarter. Institutional investors own 71.15% of the company’s stock.

Several equities analysts recently issued reports on USAT shares. BidaskClub upgraded USA Technologies from a “hold” rating to a “buy” rating in a report on Thursday, August 30th. Zacks Investment Research upgraded USA Technologies from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a report on Friday, October 12th. Finally, ValuEngine cut USA Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 28th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. USA Technologies presently has a consensus rating of “Buy” and an average price target of $12.92.

USA Technologies stock opened at $4.97 on Friday. The stock has a market capitalization of $297.01 million, a P/E ratio of 70.71 and a beta of 0.93. USA Technologies, Inc. has a 12-month low of $4.64 and a 12-month high of $16.83. The company has a current ratio of 1.34, a quick ratio of 1.08 and a debt-to-equity ratio of 0.29.

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USA Technologies Company Profile

USA Technologies, Inc provides wireless networking, cashless transactions, asset monitoring, and other value-added services in the United States and internationally. It designs and markets systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (M2M) services.

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Institutional Ownership by Quarter for USA Technologies (NASDAQ:USAT)

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