Net 1 UEPS Technologies Inc (UEPS) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Net 1 UEPS Technologies Inc (NASDAQ:UEPS) have been assigned an average rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $17.00.

UEPS has been the topic of a number of research analyst reports. Maxim Group initiated coverage on shares of Net 1 UEPS Technologies in a research note on Monday, July 30th. They issued a “buy” rating and a $24.00 price target on the stock. ValuEngine raised shares of Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 2nd. BidaskClub downgraded shares of Net 1 UEPS Technologies from a “sell” rating to a “strong sell” rating in a research note on Friday, August 17th. Finally, TheStreet downgraded shares of Net 1 UEPS Technologies from a “c” rating to a “d+” rating in a research note on Friday, November 9th.

Shares of Net 1 UEPS Technologies stock traded down $0.05 on Friday, reaching $4.82. The company had a trading volume of 347,668 shares, compared to its average volume of 614,920. The company has a market capitalization of $273.94 million, a price-to-earnings ratio of 3.15 and a beta of 1.32. Net 1 UEPS Technologies has a 52-week low of $4.43 and a 52-week high of $13.20. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.47 and a current ratio of 1.38.

Net 1 UEPS Technologies (NASDAQ:UEPS) last released its quarterly earnings results on Thursday, November 8th. The business services provider reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). The company had revenue of $125.88 million during the quarter, compared to analysts’ expectations of $145.03 million. Net 1 UEPS Technologies had a net margin of 2.47% and a return on equity of 10.61%. Net 1 UEPS Technologies’s revenue was down 17.5% on a year-over-year basis. During the same period last year, the firm posted $0.43 earnings per share.

In other Net 1 UEPS Technologies news, Director Christopher Stefan Seabrooke acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 20th. The stock was purchased at an average price of $7.48 per share, for a total transaction of $149,600.00. Following the completion of the acquisition, the director now owns 18,124 shares of the company’s stock, valued at approximately $135,567.52. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Herman Kotze acquired 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The stock was acquired at an average price of $6.74 per share, with a total value of $80,880.00. Following the acquisition, the chief executive officer now directly owns 481,000 shares of the company’s stock, valued at approximately $3,241,940. The disclosure for this purchase can be found here. Insiders bought a total of 39,036 shares of company stock worth $265,244 over the last three months. Insiders own 3.46% of the company’s stock.

Several hedge funds have recently made changes to their positions in UEPS. Prescott Group Capital Management L.L.C. grew its holdings in shares of Net 1 UEPS Technologies by 52.7% in the third quarter. Prescott Group Capital Management L.L.C. now owns 2,899,089 shares of the business services provider’s stock valued at $23,193,000 after purchasing an additional 1,000,232 shares in the last quarter. Foundry Partners LLC acquired a new position in shares of Net 1 UEPS Technologies in the second quarter valued at approximately $5,216,000. Millennium Management LLC grew its holdings in shares of Net 1 UEPS Technologies by 224.3% in the second quarter. Millennium Management LLC now owns 700,170 shares of the business services provider’s stock valued at $6,358,000 after purchasing an additional 484,253 shares in the last quarter. LSV Asset Management acquired a new position in shares of Net 1 UEPS Technologies in the third quarter valued at approximately $1,207,000. Finally, ClariVest Asset Management LLC acquired a new position in shares of Net 1 UEPS Technologies in the third quarter valued at approximately $853,000. Hedge funds and other institutional investors own 53.72% of the company’s stock.

Net 1 UEPS Technologies Company Profile

Net 1 UEPS Technologies, Inc provides transaction processing services, financial inclusion products and services, and secure payment technologies in South Africa, the Republic of Korea, and internationally. The company develops and markets transaction processing solutions, including smart card-based alternative payment systems for the unbanked and under-banked populations of developing economies and for mobile transaction channels.

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