Net 1 UEPS Technologies (NASDAQ:UEPS) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Thursday.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research raised Net 1 UEPS Technologies from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Friday, March 16th. BidaskClub raised Net 1 UEPS Technologies from a “sell” rating to a “hold” rating in a report on Monday, May 14th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $13.00.
Shares of Net 1 UEPS Technologies traded down $0.17, hitting $8.63, during mid-day trading on Thursday, according to MarketBeat Ratings. 235,453 shares of the stock traded hands, compared to its average volume of 219,270. The company has a quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 0.02. Net 1 UEPS Technologies has a 52 week low of $8.05 and a 52 week high of $13.20. The firm has a market capitalization of $512.33 million, a PE ratio of 5.11 and a beta of 0.80.
Net 1 UEPS Technologies (NASDAQ:UEPS) last released its earnings results on Thursday, May 10th. The business services provider reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.53. Net 1 UEPS Technologies had a return on equity of 15.79% and a net margin of 7.01%. The business had revenue of $162.72 million for the quarter, compared to the consensus estimate of $144.13 million. research analysts anticipate that Net 1 UEPS Technologies will post 1.64 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the business. Ellington Management Group LLC bought a new stake in Net 1 UEPS Technologies in the fourth quarter worth $121,000. Teacher Retirement System of Texas purchased a new position in shares of Net 1 UEPS Technologies in the fourth quarter worth $230,000. Firsthand Capital Management Inc. purchased a new position in shares of Net 1 UEPS Technologies in the first quarter worth $284,000. Ramsey Quantitative Systems purchased a new position in shares of Net 1 UEPS Technologies in the fourth quarter worth $326,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Net 1 UEPS Technologies in the fourth quarter worth $347,000. 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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