Russell Investments Group Ltd. acquired a new stake in Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) during the first quarter, according to its most recent filing with the SEC. The firm acquired 29,241 shares of the business services provider’s stock, valued at approximately $357,000. Russell Investments Group Ltd. owned approximately 0.06% of Net 1 UEPS Technologies as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the company. Trexquant Investment LP bought a new stake in shares of Net 1 UEPS Technologies during the fourth quarter worth $119,000. Allianz Asset Management AG boosted its stake in shares of Net 1 UEPS Technologies by 381.7% in the fourth quarter. Allianz Asset Management AG now owns 164,187 shares of the business services provider’s stock worth $1,885,000 after buying an additional 130,103 shares in the last quarter. Tudor Investment Corp Et Al boosted its stake in shares of Net 1 UEPS Technologies by 15.3% in the fourth quarter. Tudor Investment Corp Et Al now owns 40,817 shares of the business services provider’s stock worth $469,000 after buying an additional 5,430 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Net 1 UEPS Technologies by 3.6% in the fourth quarter. AQR Capital Management LLC now owns 128,414 shares of the business services provider’s stock worth $1,474,000 after buying an additional 4,488 shares in the last quarter. Finally, Nationwide Fund Advisors bought a new stake in shares of Net 1 UEPS Technologies during the first quarter worth $209,000. Hedge funds and other institutional investors own 57.08% of the company’s stock.

Shares of Net 1 UEPS Technologies, Inc. (UEPS) traded down 0.64% on Friday, reaching $9.28. 114,946 shares of the company were exchanged. The company has a 50-day moving average price of $9.86 and a 200 day moving average price of $11.12. The stock has a market capitalization of $526.04 million, a PE ratio of 5.68 and a beta of 0.77. Net 1 UEPS Technologies, Inc. has a 1-year low of $8.37 and a 1-year high of $13.81.

Net 1 UEPS Technologies (NASDAQ:UEPS) last issued its quarterly earnings data on Thursday, May 4th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.03. The company had revenue of $147.90 million during the quarter, compared to the consensus estimate of $156 million. Net 1 UEPS Technologies had a net margin of 14.19% and a return on equity of 15.31%. Net 1 UEPS Technologies’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $0.43 earnings per share. On average, analysts forecast that Net 1 UEPS Technologies, Inc. will post $1.78 EPS for the current fiscal year.

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A number of equities research analysts have weighed in on UEPS shares. Zacks Investment Research upgraded shares of Net 1 UEPS Technologies from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Saturday, June 10th. TheStreet lowered shares of Net 1 UEPS Technologies from a “b” rating to a “c+” rating in a research note on Thursday, May 4th. Finally, BidaskClub lowered shares of Net 1 UEPS Technologies from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th.

About Net 1 UEPS Technologies

Net 1 UEPS Technologies, Inc is a provider of payment solutions, transaction processing services and financial technology across multiple industries. The Company develops and markets a transaction processing solution that encompasses its smart card-based alternative payment system for the unbanked and under-banked populations of developing economies and for mobile transaction channels.

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

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