Net 1 UEPS Technologies (UEPS) Upgraded to “B-” by TheStreet
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.
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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.
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