AlphaMark Advisors LLC Raises Position in Net 1 UEPS Technologies Inc (UEPS)

AlphaMark Advisors LLC increased its stake in shares of Net 1 UEPS Technologies Inc (NASDAQ:UEPS) by 22.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,955 shares of the business services provider’s stock after purchasing an additional 19,656 shares during the period. AlphaMark Advisors LLC owned 0.19% of Net 1 UEPS Technologies worth $856,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of UEPS. Foundry Partners LLC acquired a new position in shares of Net 1 UEPS Technologies during the 2nd quarter worth approximately $5,216,000. Millennium Management LLC raised its position in shares of Net 1 UEPS Technologies by 224.3% during the 2nd quarter. Millennium Management LLC now owns 700,170 shares of the business services provider’s stock worth $6,358,000 after purchasing an additional 484,253 shares during the last quarter. Prescott Group Capital Management L.L.C. raised its position in shares of Net 1 UEPS Technologies by 11.8% during the 2nd quarter. Prescott Group Capital Management L.L.C. now owns 1,898,857 shares of the business services provider’s stock worth $17,242,000 after purchasing an additional 200,356 shares during the last quarter. Daiwa SB Investments Ltd. raised its position in shares of Net 1 UEPS Technologies by 68.8% during the 2nd quarter. Daiwa SB Investments Ltd. now owns 372,897 shares of the business services provider’s stock worth $3,386,000 after purchasing an additional 151,963 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Net 1 UEPS Technologies by 98.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 214,009 shares of the business services provider’s stock worth $1,943,000 after purchasing an additional 105,926 shares during the last quarter. Hedge funds and other institutional investors own 53.57% of the company’s stock.

In related news, CEO Herman Kotze acquired 12,000 shares of the stock in a transaction dated Wednesday, September 19th. The stock was bought at an average cost of $6.74 per share, with a total value of $80,880.00. Following the purchase, the chief executive officer now directly owns 481,000 shares of the company’s stock, valued at $3,241,940. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Christopher Stefan Seabrooke acquired 20,000 shares of the stock in a transaction dated Thursday, September 20th. The shares were bought at an average cost of $7.48 per share, with a total value of $149,600.00. Following the completion of the purchase, the director now directly owns 18,124 shares in the company, valued at $135,567.52. The disclosure for this purchase can be found here. Insiders acquired a total of 33,036 shares of company stock valued at $238,064 over the last quarter. 3.46% of the stock is currently owned by insiders.

Several research analysts recently issued reports on the company. ValuEngine upgraded Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 2nd. Maxim Group assumed coverage on Net 1 UEPS Technologies in a research report on Monday, July 30th. They set a “buy” rating and a $24.00 price objective for the company. Finally, BidaskClub downgraded Net 1 UEPS Technologies from a “sell” rating to a “strong sell” rating in a research report on Friday, August 17th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.50.

Shares of UEPS opened at $6.92 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.51 and a quick ratio of 1.47. The firm has a market capitalization of $397.84 million, a price-to-earnings ratio of 3.61 and a beta of 1.32. Net 1 UEPS Technologies Inc has a fifty-two week low of $5.90 and a fifty-two week high of $13.20.

Net 1 UEPS Technologies (NASDAQ:UEPS) last issued its quarterly earnings results on Wednesday, August 29th. The business services provider reported $0.21 earnings per share for the quarter. The company had revenue of $149.19 million during the quarter. Net 1 UEPS Technologies had a return on equity of 13.96% and a net margin of 6.39%.

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Net 1 UEPS Technologies 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.

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Institutional Ownership by Quarter for Net 1 UEPS Technologies (NASDAQ:UEPS)

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