Net 1 UEPS Technologies (UEPS) Rating Lowered to Hold at Zacks Investment Research

Net 1 UEPS Technologies (NASDAQ:UEPS) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Saturday, January 13th.

According to Zacks, “Net 1 U.E.P.S. Technologies provides its universal electronic payment system as an alternative payment system for the unbanked and under-banked populations of developing economies. Net 1 believes that it is the first company worldwide to implement a system that can enable the estimated four billion people who generally have limited or no access to a bank account to enter affordably into electronic transactions with each other, government agencies, employers, merchants and other financial service providers. “

Other equities research analysts also recently issued reports about the company. TheStreet raised Net 1 UEPS Technologies from a “c” rating to a “b-” rating in a research report on Tuesday, September 26th. ValuEngine raised Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 30th. BidaskClub raised Net 1 UEPS Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. Finally, Sidoti began coverage on Net 1 UEPS Technologies in a research report on Monday, November 20th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $11.00.

Net 1 UEPS Technologies (UEPS) traded down $0.08 on Friday, hitting $11.53. The stock had a trading volume of 213,005 shares, compared to its average volume of 516,834. Net 1 UEPS Technologies has a one year low of $8.87 and a one year 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 stock has a market capitalization of $656.38, a price-to-earnings ratio of 9.37 and a beta of 0.77.

Net 1 UEPS Technologies (NASDAQ:UEPS) last issued its quarterly earnings results on Thursday, November 9th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.07. Net 1 UEPS Technologies had a return on equity of 11.03% and a net margin of 11.57%. equities analysts expect that Net 1 UEPS Technologies will post 1.58 earnings per share for the current year.

In other news, Director Paul Edwards sold 9,000 shares of Net 1 UEPS Technologies stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $11.36, for a total value of $102,240.00. Following the completion of the transaction, the director now owns 10,822 shares in the company, valued at $122,937.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $71,565.00. Following the completion of the transaction, the director now owns 29,061 shares of the company’s stock, valued at approximately $319,961.61. The disclosure for this sale can be found here. 3.18% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. Highbridge Capital Management LLC raised its position in Net 1 UEPS Technologies by 58.1% in the 3rd quarter. Highbridge Capital Management LLC now owns 38,683 shares of the business services provider’s stock worth $377,000 after purchasing an additional 14,212 shares during the last quarter. Allianz Asset Management GmbH raised its position in Net 1 UEPS Technologies by 17.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 291,415 shares of the business services provider’s stock worth $2,838,000 after purchasing an additional 43,521 shares during the last quarter. Woodmont Investment Counsel LLC raised its position in Net 1 UEPS Technologies by 8.4% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 105,801 shares of the business services provider’s stock worth $1,031,000 after purchasing an additional 8,200 shares during the last quarter. JPMorgan Chase & Co. raised its position in Net 1 UEPS Technologies by 1,164.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,603 shares of the business services provider’s stock worth $269,000 after purchasing an additional 25,420 shares during the last quarter. Finally, Hosking Partners LLP grew its holdings in Net 1 UEPS Technologies by 90.4% during the 3rd quarter. Hosking Partners LLP now owns 474,947 shares of the business services provider’s stock worth $4,626,000 after acquiring an additional 225,551 shares during the period. Institutional investors own 56.12% 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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