Sidoti assumed coverage on shares of Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) in a note issued to investors on Monday. The brokerage set a “buy” rating on the business services provider’s stock.

Other equities analysts have also issued reports about the company. BidaskClub raised Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Zacks Investment Research upgraded Net 1 UEPS Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective on the stock in a research report on Saturday. TheStreet upgraded Net 1 UEPS Technologies from a “c” rating to a “b-” rating in a research report on Tuesday, September 26th. Finally, ValuEngine upgraded Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 30th. One analyst has rated the stock with a sell rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $11.00.

Shares of Net 1 UEPS Technologies (NASDAQ:UEPS) traded up $0.27 during midday trading on Monday, reaching $9.69. The company’s stock had a trading volume of 183,800 shares, compared to its average volume of 137,712. Net 1 UEPS Technologies has a 1-year low of $8.87 and a 1-year high of $13.81. The company has a market capitalization of $551.63, a price-to-earnings ratio of 6.02 and a beta of 0.75. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.05.

Net 1 UEPS Technologies (NASDAQ:UEPS) last announced its quarterly earnings data on Friday, August 25th. The business services provider reported $0.37 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $155.10 million for the quarter, compared to the consensus estimate of $172.64 million. During the same period last year, the company posted $0.51 earnings per share. Net 1 UEPS Technologies’s revenue for the quarter was up 2.5% on a year-over-year basis. equities research analysts anticipate that Net 1 UEPS Technologies will post 1.58 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This report was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/11/20/sidoti-initiates-coverage-on-net-1-ueps-technologies-inc-ueps.html.

In other news, Director Paul Edwards sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $10.18, for a total transaction of $50,900.00. Following the transaction, the director now directly owns 19,822 shares of the company’s stock, valued at $201,787.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher Stefan Seabrooke sold 24,533 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $9.83, for a total value of $241,159.39. Following the transaction, the director now directly owns 18,124 shares in the company, valued at $178,158.92. The disclosure for this sale can be found here. Company insiders own 3.18% of the company’s stock.

Several large investors have recently made changes to their positions in UEPS. Marshall Wace North America L.P. bought a new position in shares of Net 1 UEPS Technologies during the second quarter valued at about $107,000. Wedbush Securities Inc. bought a new stake in shares of Net 1 UEPS Technologies in the third quarter worth about $117,000. Regal Investment Advisors LLC bought a new stake in shares of Net 1 UEPS Technologies in the third quarter worth about $156,000. Nine Chapters Capital Management LLC bought a new stake in shares of Net 1 UEPS Technologies in the third quarter worth about $190,000. Finally, Macquarie Group Ltd. bought a new stake in shares of Net 1 UEPS Technologies in the third quarter worth about $244,000. 56.42% of the stock is currently owned by hedge funds and other institutional investors.

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.

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.