Net 1 UEPS Technologies Sees Unusually High Options Volume (UEPS)

Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) was the target of unusually large options trading activity on Wednesday. Investors bought 1,690 put options on the company. This represents an increase of 871% compared to the average daily volume of 174 put options.

In other news, Director Paul Edwards sold 5,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were 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 $201,787.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher Stefan Seabrooke sold 24,533 shares of the company’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders own 3.18% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace North America L.P. purchased a new stake in Net 1 UEPS Technologies in the second quarter valued at approximately $107,000. Wedbush Securities Inc. purchased a new stake in Net 1 UEPS Technologies in the third quarter valued at approximately $117,000. Regal Investment Advisors LLC purchased a new stake in Net 1 UEPS Technologies in the third quarter valued at approximately $156,000. Nine Chapters Capital Management LLC purchased a new stake in Net 1 UEPS Technologies in the third quarter valued at approximately $190,000. Finally, Macquarie Group Ltd. purchased a new stake in Net 1 UEPS Technologies in the third quarter valued at approximately $244,000. Hedge funds and other institutional investors own 56.14% of the company’s stock.

Several research firms have recently issued reports on UEPS. TheStreet upgraded shares of Net 1 UEPS Technologies from a “c” rating to a “b-” rating in a report on Tuesday, September 26th. Zacks Investment Research upgraded shares of Net 1 UEPS Technologies from a “strong sell” rating to a “hold” rating in a report on Thursday, October 26th. ValuEngine upgraded shares of Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Sidoti began coverage on shares of Net 1 UEPS Technologies in a report on Monday, November 20th. They set a “buy” rating on the stock. Finally, BidaskClub upgraded shares of Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. One research 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 an average price target of $11.00.

Net 1 UEPS Technologies (NASDAQ UEPS) opened at $10.91 on Friday. Net 1 UEPS Technologies has a fifty-two week low of $8.87 and a fifty-two week high of $13.81. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.05. The stock has a market cap of $618.23, a PE ratio of 6.75 and a beta of 0.80.

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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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