Net 1 UEPS Technologies (UEPS) Rating Lowered to Sell at ValuEngine

Net 1 UEPS Technologies (NASDAQ:UEPS) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Other equities research analysts have also issued research reports about the stock. BidaskClub raised shares of Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a report on Thursday, May 3rd. Robert W. Baird lowered their price target on shares of Net 1 UEPS Technologies from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, February 9th. Zacks Investment Research raised shares of Net 1 UEPS Technologies from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Friday, March 16th. Finally, TheStreet lowered shares of Net 1 UEPS Technologies from a “b-” rating to a “c” rating in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $13.00.

Shares of Net 1 UEPS Technologies opened at $9.64 on Friday, Marketbeat reports. The firm has a market capitalization of $549.29 million, a price-to-earnings ratio of 5.70 and a beta of 0.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.29 and a current ratio of 1.32. Net 1 UEPS Technologies has a 52-week low of $8.05 and a 52-week high of $13.20.

Net 1 UEPS Technologies (NASDAQ:UEPS) last announced its quarterly earnings results on Thursday, May 10th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.53. The firm had revenue of $162.72 million for the quarter, compared to analyst estimates of $144.13 million. Net 1 UEPS Technologies had a net margin of 7.01% and a return on equity of 15.79%. analysts expect that Net 1 UEPS Technologies will post 1.64 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Schroder Investment Management Group grew its holdings in shares of Net 1 UEPS Technologies by 22.8% in the 4th quarter. Schroder Investment Management Group now owns 46,900 shares of the business services provider’s stock worth $558,000 after purchasing an additional 8,700 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Net 1 UEPS Technologies by 9.3% in the 1st quarter. BlackRock Inc. now owns 118,052 shares of the business services provider’s stock worth $1,116,000 after purchasing an additional 10,029 shares during the last quarter. Ellington Management Group LLC bought a new stake in shares of Net 1 UEPS Technologies in the 4th quarter worth about $121,000. Swiss National Bank grew its holdings in shares of Net 1 UEPS Technologies by 12.4% in the 4th quarter. Swiss National Bank now owns 101,192 shares of the business services provider’s stock worth $1,203,000 after purchasing an additional 11,200 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Net 1 UEPS Technologies by 22.9% in the 1st quarter. JPMorgan Chase & Co. now owns 71,369 shares of the business services provider’s stock worth $675,000 after purchasing an additional 13,299 shares during the last quarter. 56.15% of the stock is currently owned by institutional investors and hedge funds.

Net 1 UEPS Technologies Company Profile

Net 1 UEPS Technologies, Inc provides payment solutions, transaction processing services, and financial technologies to various industries in South Africa, South Korea, and internationally. The company develops and markets transaction processing solutions that comprise its smart card-based alternative payment system for the unbanked and under-banked populations of developing economies, and for mobile transaction channels.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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