TheStreet upgraded shares of Net 1 UEPS Technologies (NASDAQ:UEPS) from a c+ rating to a b- rating in a report published on Friday.

UEPS has been the topic of a number of other research reports. ValuEngine upgraded shares of Net 1 UEPS Technologies from a buy rating to a strong-buy rating in a report on Wednesday, November 22nd. BidaskClub upgraded shares of Net 1 UEPS Technologies from a strong sell rating to a sell rating in a report on Friday, August 11th. Sidoti assumed coverage on shares of Net 1 UEPS Technologies in a research note on Monday, November 20th. They issued a buy rating on the stock. Finally, Zacks Investment Research upgraded shares of Net 1 UEPS Technologies from a hold rating to a strong-buy rating and set a $11.00 price objective on the stock in a research note on Saturday, November 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $11.00.

Net 1 UEPS Technologies (NASDAQ UEPS) traded down $0.47 during mid-day trading on Friday, hitting $10.94. 568,100 shares of the stock were exchanged, compared to its average volume of 172,916. Net 1 UEPS Technologies has a twelve month low of $8.87 and a twelve month high of $13.81. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.35 and a quick ratio of 1.33. The firm has a market capitalization of $649.54, a price-to-earnings ratio of 7.09 and a beta of 0.80.

In other news, Director Christopher Stefan Seabrooke sold 24,533 shares of the stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $9.83, for a total transaction of $241,159.39. Following the transaction, the director now owns 18,124 shares in the company, valued at approximately $178,158.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Paul Edwards sold 5,000 shares of the stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $10.18, for a total transaction of $50,900.00. Following the transaction, the director now owns 19,822 shares in the company, valued at approximately $201,787.96. The disclosure for this sale can be found here. 3.18% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in UEPS. Marshall Wace North America L.P. acquired a new position in shares of Net 1 UEPS Technologies during the 2nd quarter worth $107,000. Wedbush Securities Inc. acquired a new position in shares of Net 1 UEPS Technologies during the 3rd quarter worth $117,000. Regal Investment Advisors LLC acquired a new position in shares of Net 1 UEPS Technologies during the 3rd quarter worth $156,000. Nine Chapters Capital Management LLC acquired a new position in shares of Net 1 UEPS Technologies during the 3rd quarter worth $190,000. Finally, Macquarie Group Ltd. acquired a new position in shares of Net 1 UEPS Technologies during the 3rd quarter worth $244,000. Institutional investors own 56.14% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Net 1 UEPS Technologies (UEPS) Upgraded to “B-” by TheStreet” was originally reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and international trademark and copyright legislation. The original version of this story can be accessed at https://theolympiareport.com/2017/12/05/net-1-ueps-technologies-ueps-upgraded-to-b-by-thestreet.html.

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.

Receive News & Ratings for Net 1 UEPS Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Net 1 UEPS Technologies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.