Net 1 UEPS Technologies Inc (UEPS) Director Acquires $756,876.45 in Stock

Net 1 UEPS Technologies Inc (NASDAQ:UEPS) Director Christopher Stefan Seabrooke acquired 70,935 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were bought at an average price of $10.67 per share, with a total value of $756,876.45. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

Christopher Stefan Seabrooke also recently made the following trade(s):

  • On Monday, February 19th, Christopher Stefan Seabrooke acquired 4,322 shares of Net 1 UEPS Technologies stock. The shares were bought at an average price of $10.36 per share, with a total value of $44,775.92.
  • On Thursday, February 15th, Christopher Stefan Seabrooke acquired 53,422 shares of Net 1 UEPS Technologies stock. The shares were bought at an average price of $9.77 per share, with a total value of $521,932.94.

Shares of Net 1 UEPS Technologies Inc (UEPS) traded down $0.10 during trading hours on Thursday, reaching $10.00. The company’s stock had a trading volume of 233,279 shares, compared to its average volume of 539,859. The company has a current ratio of 1.30, a quick ratio of 1.28 and a debt-to-equity ratio of 0.03. Net 1 UEPS Technologies Inc has a 12-month low of $8.87 and a 12-month high of $13.81. The firm has a market cap of $568.32, a price-to-earnings ratio of 9.62 and a beta of 0.67.

Net 1 UEPS Technologies (NASDAQ:UEPS) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. Net 1 UEPS Technologies had a return on equity of 12.30% and a net margin of 9.73%. The firm had revenue of $148.40 million for the quarter, compared to analyst estimates of $148.50 million. During the same period last year, the company earned $0.43 EPS. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. equities analysts predict that Net 1 UEPS Technologies Inc will post 1.64 earnings per share for the current year.

Large investors have recently modified their holdings of the business. Wedbush Securities Inc. acquired a new stake in Net 1 UEPS Technologies in the 3rd quarter worth about $117,000. Ellington Management Group LLC acquired a new stake in Net 1 UEPS Technologies in the 4th quarter worth about $121,000. Regal Investment Advisors LLC acquired a new stake in Net 1 UEPS Technologies in the 3rd quarter worth about $156,000. Nine Chapters Capital Management LLC acquired a new stake in Net 1 UEPS Technologies in the 3rd quarter worth about $190,000. Finally, Verity Asset Management Inc. acquired a new stake in Net 1 UEPS Technologies in the 4th quarter worth about $202,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently commented on UEPS. Zacks Investment Research upgraded Net 1 UEPS Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective for the company in a research report on Saturday, November 18th. Robert W. Baird dropped their price objective on Net 1 UEPS Technologies from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, February 9th. TheStreet cut Net 1 UEPS Technologies from a “b-” rating to a “c” rating in a research report on Monday, February 12th. ValuEngine upgraded Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 22nd. Finally, Sidoti assumed coverage on Net 1 UEPS Technologies in a research note on Monday, November 20th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned 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 target price of $13.00.

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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.

Insider Buying and Selling by Quarter for Net 1 UEPS Technologies (NASDAQ:UEPS)

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