Net 1 UEPS Technologies Inc (UEPS) CEO Acquires $59,100.00 in Stock

Net 1 UEPS Technologies Inc (NASDAQ:UEPS) CEO Herman Kotze purchased 6,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were purchased at an average cost of $9.85 per share, for a total transaction of $59,100.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Net 1 UEPS Technologies Inc (NASDAQ:UEPS) opened at $10.35 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.28 and a debt-to-equity ratio of 0.03. The company has a market cap of $588.21, a price-to-earnings ratio of 6.55 and a beta of 0.67. Net 1 UEPS Technologies Inc has a 1 year low of $8.87 and a 1 year high of $13.81.

Net 1 UEPS Technologies (NASDAQ:UEPS) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. Net 1 UEPS Technologies had a net margin of 9.73% and a return on equity of 12.30%. The firm had revenue of $148.40 million for the quarter, compared to analyst estimates of $148.50 million. During the same quarter in the prior year, the business earned $0.43 earnings per share. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. equities research analysts expect that Net 1 UEPS Technologies Inc will post 1.64 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in UEPS. Vanguard Group Inc. raised its holdings in shares of Net 1 UEPS Technologies by 6.9% during the second quarter. Vanguard Group Inc. now owns 160,544 shares of the business services provider’s stock valued at $1,584,000 after purchasing an additional 10,424 shares during the period. FMR LLC raised its holdings in shares of Net 1 UEPS Technologies by 15.8% during the second quarter. FMR LLC now owns 685,134 shares of the business services provider’s stock valued at $6,755,000 after purchasing an additional 93,734 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Net 1 UEPS Technologies by 12.1% during the second quarter. Goldman Sachs Group Inc. now owns 32,035 shares of the business services provider’s stock valued at $316,000 after purchasing an additional 3,448 shares during the period. AHL Partners LLP raised its holdings in shares of Net 1 UEPS Technologies by 135.4% during the second quarter. AHL Partners LLP now owns 81,220 shares of the business services provider’s stock valued at $801,000 after purchasing an additional 46,721 shares during the period. Finally, State Street Corp raised its holdings in shares of Net 1 UEPS Technologies by 16.5% during the second quarter. State Street Corp now owns 97,463 shares of the business services provider’s stock valued at $961,000 after purchasing an additional 13,810 shares during the period. Hedge funds and other institutional investors own 56.12% of the company’s stock.

A number of analysts have commented on UEPS shares. ValuEngine raised shares of Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 22nd. Sidoti started coverage on shares of Net 1 UEPS Technologies in a research report on Monday, November 20th. They set a “buy” rating on the stock. Zacks Investment Research cut shares of Net 1 UEPS Technologies from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 13th. BidaskClub raised shares of Net 1 UEPS Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. Finally, TheStreet raised shares of Net 1 UEPS Technologies from a “c+” rating to a “b-” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $13.00.

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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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