ETF Managers Group LLC purchased a new position in Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 54,776 shares of the business services provider’s stock, valued at approximately $540,000. ETF Managers Group LLC owned 0.10% of Net 1 UEPS Technologies as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC lifted its position in shares of Net 1 UEPS Technologies by 13.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,652,967 shares of the business services provider’s stock worth $16,298,000 after purchasing an additional 195,767 shares during the period. Prescott Group Capital Management L.L.C. lifted its position in shares of Net 1 UEPS Technologies by 8.6% in the 2nd quarter. Prescott Group Capital Management L.L.C. now owns 965,918 shares of the business services provider’s stock worth $9,524,000 after purchasing an additional 76,425 shares during the period. FMR LLC lifted its position in shares of Net 1 UEPS Technologies by 15.8% in the 2nd quarter. FMR LLC now owns 685,134 shares of the business services provider’s stock worth $6,755,000 after purchasing an additional 93,734 shares during the period. AJO LP lifted its position in shares of Net 1 UEPS Technologies by 5.8% in the 2nd quarter. AJO LP now owns 397,131 shares of the business services provider’s stock worth $3,916,000 after purchasing an additional 21,922 shares during the period. Finally, Seizert Capital Partners LLC lifted its position in shares of Net 1 UEPS Technologies by 38.7% in the 2nd quarter. Seizert Capital Partners LLC now owns 380,733 shares of the business services provider’s stock worth $3,754,000 after purchasing an additional 106,193 shares during the period. Hedge funds and other institutional investors own 57.60% of the company’s stock.

Shares of Net 1 UEPS Technologies, Inc. (NASDAQ UEPS) remained flat at $9.56 on Friday. The company had a trading volume of 10,871 shares. Net 1 UEPS Technologies, Inc. has a 12 month low of $9.06 and a 12 month high of $13.81. The company’s 50-day moving average is $9.58 and its 200 day moving average is $10.12. The stock has a market capitalization of $534.06 million, a P/E ratio of 7.19 and a beta of 0.77.

Net 1 UEPS Technologies (NASDAQ:UEPS) last issued its earnings results on Friday, August 25th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.07). Net 1 UEPS Technologies had a return on equity of 14.06% and a net margin of 11.96%. The firm had revenue of $155.10 million during the quarter, compared to the consensus estimate of $172.64 million. During the same quarter in the prior year, the business posted $0.51 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts forecast that Net 1 UEPS Technologies, Inc. will post $1.64 earnings per share for the current year.

A number of brokerages have recently issued reports on UEPS. TheStreet upgraded shares of Net 1 UEPS Technologies from a “c” rating to a “b-” rating in a research report on Tuesday, September 26th. BidaskClub upgraded shares of Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Zacks Investment Research downgraded shares of Net 1 UEPS Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, ValuEngine upgraded shares of Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 30th.

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In related news, Director Paul Edwards sold 5,000 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $10.18, for a total value of $50,900.00. Following the completion of the sale, the director now owns 19,822 shares of the company’s stock, valued at $201,787.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher Stefan Seabrooke sold 24,533 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $9.83, for a total value of $241,159.39. Following the completion of the sale, the director now directly owns 18,124 shares of the company’s stock, valued at approximately $178,158.92. The disclosure for this sale can be found here. Company insiders own 6.32% of the company’s stock.

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.

Institutional Ownership by Quarter for Net 1 UEPS Technologies (NASDAQ:UEPS)

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