Wasatch Advisors Inc. Lowers Stake in USA Technologies, Inc. (USAT)

Wasatch Advisors Inc. cut its stake in shares of USA Technologies, Inc. (NASDAQ:USAT) by 16.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,121,175 shares of the technology company’s stock after selling 219,904 shares during the period. Wasatch Advisors Inc. owned 2.09% of USA Technologies worth $10,931,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in shares of USA Technologies by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 123,665 shares of the technology company’s stock valued at $643,000 after buying an additional 1,540 shares during the period. Teachers Advisors LLC grew its stake in shares of USA Technologies by 4.1% during the 2nd quarter. Teachers Advisors LLC now owns 66,813 shares of the technology company’s stock valued at $347,000 after buying an additional 2,620 shares during the period. TIAA CREF Investment Management LLC grew its stake in shares of USA Technologies by 2.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 105,852 shares of the technology company’s stock valued at $550,000 after buying an additional 2,692 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of USA Technologies by 17.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,782 shares of the technology company’s stock valued at $181,000 after buying an additional 5,263 shares during the period. Finally, California State Teachers Retirement System grew its stake in shares of USA Technologies by 10.6% during the 3rd quarter. California State Teachers Retirement System now owns 76,270 shares of the technology company’s stock valued at $477,000 after buying an additional 7,300 shares during the period. 51.17% of the stock is owned by institutional investors.

In other USA Technologies news, Director Albin F. Moschner sold 6,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $8.46, for a total value of $50,760.00. Following the transaction, the director now owns 416,926 shares in the company, valued at approximately $3,527,193.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Albin F. Moschner sold 9,478 shares of the business’s stock in a transaction on Wednesday, December 26th. The stock was sold at an average price of $9.61, for a total transaction of $91,083.58. Following the completion of the transaction, the director now owns 352,926 shares in the company, valued at approximately $3,391,618.86. The disclosure for this sale can be found here. Insiders have sold a total of 120,901 shares of company stock worth $1,080,337 in the last 90 days. Company insiders own 4.38% of the company’s stock.

USA Technologies, Inc. (NASDAQ USAT) opened at $9.35 on Thursday. The company has a current ratio of 2.67, a quick ratio of 2.38 and a debt-to-equity ratio of 0.01. The firm has a market cap of $498.67, a price-to-earnings ratio of 935.94 and a beta of 1.02. USA Technologies, Inc. has a 1-year low of $3.80 and a 1-year high of $10.10.

USA Technologies (NASDAQ:USAT) last posted its earnings results on Wednesday, November 8th. The technology company reported $0.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. The business had revenue of $25.62 million for the quarter, compared to analyst estimates of $25.87 million. USA Technologies had a net margin of 0.37% and a return on equity of 1.20%. research analysts forecast that USA Technologies, Inc. will post 0.07 earnings per share for the current fiscal year.

USAT has been the topic of several recent research reports. Zacks Investment Research upgraded shares of USA Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 25th. Northland Securities set a $12.00 target price on shares of USA Technologies and gave the company a “buy” rating in a report on Monday, December 18th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. USA Technologies has an average rating of “Buy” and a consensus target price of $11.50.

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About USA Technologies

USA Technologies, Inc provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale (POS) market. The Company is a provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other unattended market segments, such as amusement, commercial laundry, kiosk and others.

Institutional Ownership by Quarter for USA Technologies (NASDAQ:USAT)

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