TIAA CREF Investment Management LLC grew its position in USA Technologies, Inc. (NASDAQ:USAT) by 2.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 105,852 shares of the technology company’s stock after buying an additional 2,692 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.26% of USA Technologies worth $550,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Bank of New York Mellon Corp raised its holdings in USA Technologies by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 123,665 shares of the technology company’s stock worth $643,000 after buying an additional 1,540 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of USA Technologies by 4.1% in the second quarter. Teachers Advisors LLC now owns 66,813 shares of the technology company’s stock worth $347,000 after acquiring an additional 2,620 shares during the period. Rhumbline Advisers grew its stake in shares of USA Technologies by 25.2% in the second quarter. Rhumbline Advisers now owns 39,402 shares of the technology company’s stock worth $205,000 after acquiring an additional 7,935 shares during the period. Monarch Partners Asset Management LLC grew its stake in shares of USA Technologies by 13.8% in the second quarter. Monarch Partners Asset Management LLC now owns 114,430 shares of the technology company’s stock worth $595,000 after acquiring an additional 13,840 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of USA Technologies by 5.3% in the first quarter. Geode Capital Management LLC now owns 274,159 shares of the technology company’s stock worth $1,165,000 after acquiring an additional 13,887 shares during the period. 39.27% of the stock is owned by institutional investors and hedge funds.

Shares of USA Technologies, Inc. (USAT) opened at $8.45 on Friday. USA Technologies, Inc. has a 12 month low of $3.80 and a 12 month high of $8.50. The company has a market cap of $409.10, a P/E ratio of 390.00 and a beta of 0.87. The company has a quick ratio of 2.38, a current ratio of 2.67 and a debt-to-equity ratio of 0.01.

USA Technologies (NASDAQ:USAT) last announced its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.00 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.01. The firm had revenue of $25.62 million during the quarter, compared to analyst estimates of $25.87 million. USA Technologies had a net margin of 0.37% and a return on equity of 1.20%. research analysts anticipate that USA Technologies, Inc. will post 0.06 EPS for the current fiscal year.

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USAT has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of USA Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Northland Securities reiterated a “buy” rating and issued a $7.25 price target on shares of USA Technologies in a research note on Tuesday, September 5th. ValuEngine upgraded shares of USA Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub lowered shares of USA Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, William Blair initiated coverage on shares of USA Technologies in a research note on Thursday, August 24th. They issued an “outperform” rating for the company. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. USA Technologies currently has an average rating of “Hold” and a consensus price target of $7.50.

USA Technologies Company Profile

USA Technologies, Inc provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale (POS) market. The Company is a provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other unattended market segments, such as amusement, commercial laundry, kiosk and others.

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Institutional Ownership by Quarter for USA Technologies (NASDAQ:USAT)

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