Wells Fargo & Company MN trimmed its holdings in Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) by 1.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,560 shares of the business services provider’s stock after selling 258 shares during the quarter. Wells Fargo & Company MN’s holdings in Net 1 UEPS Technologies were worth $163,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Seizert Capital Partners LLC raised its holdings in shares of Net 1 UEPS Technologies by 38.7% in the second quarter. Seizert Capital Partners LLC now owns 380,733 shares of the business services provider’s stock valued at $3,754,000 after buying an additional 106,193 shares during the last quarter. FMR LLC raised its holdings in shares of Net 1 UEPS Technologies by 1.4% in the first quarter. FMR LLC now owns 591,400 shares of the business services provider’s stock valued at $7,233,000 after buying an additional 8,400 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Net 1 UEPS Technologies by 24.2% in the second quarter. Bank of New York Mellon Corp now owns 332,807 shares of the business services provider’s stock valued at $3,282,000 after buying an additional 64,767 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Net 1 UEPS Technologies by 19.3% in the first quarter. AQR Capital Management LLC now owns 153,184 shares of the business services provider’s stock valued at $1,873,000 after buying an additional 24,770 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new position in shares of Net 1 UEPS Technologies in the second quarter valued at about $107,000. 56.42% of the stock is owned by institutional investors and hedge funds.

Net 1 UEPS Technologies, Inc. (UEPS) opened at $10.94 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.05. Net 1 UEPS Technologies, Inc. has a twelve month low of $8.87 and a twelve month high of $13.81. The stock has a market capitalization of $699.07, a PE ratio of 7.63 and a beta of 0.75.

Net 1 UEPS Technologies (NASDAQ:UEPS) last released its quarterly earnings results on Friday, August 25th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.07). The business had revenue of $155.10 million during the quarter, compared to the consensus estimate of $172.64 million. Net 1 UEPS Technologies had a net margin of 11.17% and a return on equity of 13.06%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. research analysts predict that Net 1 UEPS Technologies, Inc. will post 1.58 EPS for the current fiscal year.

UEPS has been the subject of a number of research analyst reports. BidaskClub raised Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. ValuEngine raised Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. TheStreet raised Net 1 UEPS Technologies from a “c” rating to a “b-” rating in a report on Tuesday, September 26th. Zacks Investment Research raised Net 1 UEPS Technologies from a “strong sell” rating to a “hold” rating in a report on Thursday, October 26th. Finally, Sidoti initiated coverage on Net 1 UEPS Technologies in a report on Monday, November 20th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. Net 1 UEPS Technologies currently has a consensus rating of “Buy” and an average target price of $11.00.

In related news, Director Paul Edwards sold 5,000 shares of Net 1 UEPS Technologies stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $10.18, for a total value of $50,900.00. Following the completion of the sale, the director now directly owns 19,822 shares in the company, valued at $201,787.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christopher Stefan Seabrooke sold 24,533 shares of Net 1 UEPS Technologies stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $9.83, for a total value of $241,159.39. Following the completion of the sale, the director now owns 18,124 shares of the company’s stock, valued at $178,158.92. The disclosure for this sale can be found here. 3.18% of the stock is owned by company insiders.

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Net 1 UEPS Technologies 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.

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

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