Zacks: Net 1 UEPS Technologies, Inc. (UEPS) Given $16.00 Average Target Price by Analysts
Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 12 month consensus target price of $16.00 for the company and are forecasting that the company will post $0.41 earnings per share for the current quarter, according to Zacks. Zacks has also given Net 1 UEPS Technologies an industry rank of 164 out of 265 based on the ratings given to related companies.
UEPS has been the subject of a number of recent research reports. BidaskClub downgraded shares of Net 1 UEPS Technologies from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. ValuEngine raised shares of Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 30th. TheStreet raised shares of Net 1 UEPS Technologies from a “c” rating to a “b-” rating in a research report on Tuesday, September 26th. Finally, Zacks Investment Research raised shares of Net 1 UEPS Technologies from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 26th.
In related news, Director Christopher Stefan Seabrooke sold 24,533 shares of Net 1 UEPS Technologies stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $9.83, for a total transaction of $241,159.39. Following the transaction, the director now owns 18,124 shares in the company, valued at approximately $178,158.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paul Edwards sold 5,000 shares of Net 1 UEPS Technologies stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $10.18, for a total transaction of $50,900.00. Following the transaction, the director now owns 19,822 shares in the company, valued at approximately $201,787.96. The disclosure for this sale can be found here. Insiders own 3.18% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in UEPS. Marshall Wace North America L.P. purchased a new position in shares of Net 1 UEPS Technologies during the 2nd quarter valued at $107,000. Wedbush Securities Inc. purchased a new position in shares of Net 1 UEPS Technologies during the 3rd quarter valued at $117,000. Regal Investment Advisors LLC purchased a new position in shares of Net 1 UEPS Technologies during the 3rd quarter valued at $156,000. Nine Chapters Capital Management LLC purchased a new position in shares of Net 1 UEPS Technologies during the 3rd quarter valued at $190,000. Finally, Wells Fargo & Company MN purchased a new position in shares of Net 1 UEPS Technologies during the 1st quarter valued at $205,000. Institutional investors own 56.66% of the company’s stock.
Shares of Net 1 UEPS Technologies (UEPS) traded up $0.02 during mid-day trading on Wednesday, hitting $9.54. 294,300 shares of the stock were exchanged, compared to its average volume of 136,673. Net 1 UEPS Technologies has a 12-month low of $8.87 and a 12-month high of $13.81. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.52 and a current ratio of 1.35. The company has a market cap of $549.35, a P/E ratio of 5.99 and a beta of 0.75.
Net 1 UEPS Technologies (NASDAQ:UEPS) last issued its quarterly earnings data on Friday, August 25th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.07). Net 1 UEPS Technologies had a net margin of 11.17% and a return on equity of 13.06%. The business had revenue of $155.10 million for the quarter, compared to the consensus estimate of $172.64 million. During the same period in the previous year, the firm earned $0.51 EPS. The company’s revenue was up 2.5% on a year-over-year basis. sell-side analysts expect that Net 1 UEPS Technologies will post 1.5 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This piece was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/11/15/zacks-net-1-ueps-technologies-inc-ueps-given-16-00-average-target-price-by-analysts.html.
Net 1 UEPS Technologies Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for Net 1 UEPS Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Net 1 UEPS Technologies Inc. and related stocks with our FREE daily email newsletter.