355,600 Shares in USA Technologies, Inc. (USAT) Purchased by First Washington CORP

First Washington CORP bought a new position in shares of USA Technologies, Inc. (NASDAQ:USAT) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 355,600 shares of the technology company’s stock, valued at approximately $2,560,000.

Several other institutional investors have also recently made changes to their positions in the stock. BlueMountain Capital Management LLC bought a new stake in USA Technologies during the 2nd quarter worth about $147,000. Greenwood Capital Associates LLC bought a new stake in USA Technologies during the 3rd quarter worth about $110,000. IFG Advisory LLC bought a new stake in USA Technologies during the 3rd quarter worth about $143,000. Bank of Montreal Can grew its holdings in USA Technologies by 1,265.7% during the 3rd quarter. Bank of Montreal Can now owns 25,169 shares of the technology company’s stock worth $181,000 after acquiring an additional 23,326 shares during the last quarter. Finally, USA Financial Portformulas Corp bought a new stake in USA Technologies during the 3rd quarter worth about $375,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Shares of NASDAQ:USAT opened at $4.79 on Tuesday. USA Technologies, Inc. has a 12 month low of $4.64 and a 12 month high of $16.83. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.34. The stock has a market cap of $298.20 million, a price-to-earnings ratio of 71.00 and a beta of 0.94.

A number of equities research analysts have commented on the stock. BidaskClub lowered shares of USA Technologies from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine lowered shares of USA Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 28th. Finally, Zacks Investment Research lowered shares of USA Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. USA Technologies presently has an average rating of “Hold” and a consensus price target of $12.92.

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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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