Stock analysts at Sidoti started coverage on shares of Net 1 UEPS Technologies (NASDAQ:UEPS) in a research note issued on Monday, November 20th, The Fly reports. The brokerage set a “buy” rating on the business services provider’s stock.
A number of other brokerages have also recently weighed in on UEPS. ValuEngine upgraded shares of Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th. TheStreet cut shares of Net 1 UEPS Technologies from a “b-” rating to a “c+” rating in a research note on Thursday, October 19th. Zacks Investment Research raised shares of Net 1 UEPS Technologies from a “strong sell” rating to a “hold” rating in a report on Thursday, October 26th. Finally, BidaskClub raised shares of Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. One analyst has rated the stock with a sell rating, one has given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $11.00.
Net 1 UEPS Technologies (NASDAQ:UEPS) traded up $0.36 during mid-day trading on Monday, reaching $11.22. 679,784 shares of the company’s stock traded hands, compared to its average volume of 180,275. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.35 and a quick ratio of 1.33. Net 1 UEPS Technologies has a 12 month low of $8.87 and a 12 month high of $13.81. The company has a market capitalization of $611.97, a P/E ratio of 6.68 and a beta of 0.80.
In related news, Director Paul Edwards sold 5,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $10.18, for a total value of $50,900.00. Following the sale, the director now directly owns 19,822 shares in the company, valued at approximately $201,787.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher Stefan Seabrooke sold 24,533 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 18,124 shares in the company, valued at $178,158.92. The disclosure for this sale can be found here. Corporate insiders own 3.18% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Marshall Wace North America L.P. acquired a new stake in Net 1 UEPS Technologies during the 2nd quarter worth approximately $107,000. Wedbush Securities Inc. bought a new position in shares of Net 1 UEPS Technologies during the 3rd quarter worth approximately $117,000. Regal Investment Advisors LLC bought a new position in shares of Net 1 UEPS Technologies during the 3rd quarter worth approximately $156,000. Nine Chapters Capital Management LLC bought a new position in shares of Net 1 UEPS Technologies during the 3rd quarter worth approximately $190,000. Finally, Macquarie Group Ltd. bought a new position in shares of Net 1 UEPS Technologies in the third quarter valued at $244,000. Hedge funds and other institutional investors own 56.14% of the company’s stock.
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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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