Net 1 UEPS Technologies (UEPS) Sets New 52-Week High and Low at $8.64

Shares of Net 1 UEPS Technologies (NASDAQ:UEPS) reached a new 52-week high and low during trading on Wednesday . The company traded as low as $8.64 and last traded at $8.81, with a volume of 169672 shares changing hands. The stock had previously closed at $8.76.

A number of research firms recently commented on UEPS. BidaskClub lowered Net 1 UEPS Technologies from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Zacks Investment Research lowered Net 1 UEPS Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, April 12th. ValuEngine lowered Net 1 UEPS Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. TheStreet lowered Net 1 UEPS Technologies from a “b-” rating to a “c” rating in a research note on Monday, February 12th. Finally, Robert W. Baird decreased their price objective on Net 1 UEPS Technologies from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $13.00.

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The company has a quick ratio of 1.28, a current ratio of 1.30 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $499.56, a PE ratio of 5.56 and a beta of 0.72.

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. research analysts anticipate that Net 1 UEPS Technologies will post 1.64 EPS for the current year.

In other news, Director Christopher Stefan Seabrooke acquired 53,422 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were bought at an average cost of $9.77 per share, for a total transaction of $521,932.94. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Herman Kotze acquired 6,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was purchased at an average price of $9.85 per share, for a total transaction of $59,100.00. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 195,500 shares of company stock worth $2,036,511. 3.18% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Ellington Management Group LLC purchased a new position in shares of Net 1 UEPS Technologies in the 4th quarter worth about $121,000. Verity Asset Management Inc. purchased a new position in shares of Net 1 UEPS Technologies in the 4th quarter worth about $202,000. FNY Partners Fund LP purchased a new position in shares of Net 1 UEPS Technologies in the 4th quarter worth about $204,000. Teacher Retirement System of Texas purchased a new position in shares of Net 1 UEPS Technologies in the 4th quarter worth about $230,000. Finally, Ramsey Quantitative Systems purchased a new position in shares of Net 1 UEPS Technologies in the 4th quarter worth about $326,000. Institutional investors own 56.65% of the company’s stock.

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About Net 1 UEPS Technologies

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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