Insider Selling: Net 1 UEPS Technologies, Inc. (UEPS) Director Sells $71,565.00 in Stock
Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) Director Alasdair Jonathan Kemsley Pein sold 6,500 shares of Net 1 UEPS Technologies stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $11.01, for a total value of $71,565.00. Following the sale, the director now directly owns 29,061 shares in the company, valued at approximately $319,961.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Net 1 UEPS Technologies, Inc. (UEPS) traded up $0.34 on Friday, hitting $11.17. The stock had a trading volume of 448,925 shares, compared to its average volume of 765,168. The company has a market capitalization of $616.53, a PE ratio of 6.73 and a beta of 0.80. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.33 and a current ratio of 1.35. Net 1 UEPS Technologies, Inc. has a 52 week low of $8.87 and a 52 week high of $13.81.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. bought a new stake in shares of Net 1 UEPS Technologies during the second quarter valued at approximately $107,000. Wedbush Securities Inc. bought a new stake in shares of Net 1 UEPS Technologies during the third quarter valued at approximately $117,000. Regal Investment Advisors LLC bought a new stake in shares of Net 1 UEPS Technologies during the third quarter valued at approximately $156,000. Nine Chapters Capital Management LLC bought a new stake in shares of Net 1 UEPS Technologies during the third quarter valued at approximately $190,000. Finally, Macquarie Group Ltd. acquired a new position in shares of Net 1 UEPS Technologies during the third quarter valued at approximately $244,000. 56.14% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently weighed in on the company. TheStreet raised Net 1 UEPS Technologies from a “c+” rating to a “b-” rating in a report on Friday, December 1st. ValuEngine raised Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Sidoti assumed coverage on Net 1 UEPS Technologies in a report on Monday, November 20th. They set a “buy” rating on the stock. Finally, Zacks Investment Research raised Net 1 UEPS Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 price target on the stock in a report on Saturday, November 18th. One investment analyst has rated the stock with a sell rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $11.00.
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About Net 1 UEPS Technologies
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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