ValuEngine lowered shares of Net 1 UEPS Technologies (NASDAQ:UEPS) from a strong-buy rating to a buy rating in a report published on Friday.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Net 1 UEPS Technologies from a strong sell rating to a hold rating in a research report on Thursday, October 26th. TheStreet upgraded shares of Net 1 UEPS Technologies from a c+ rating to a b- rating in a research report on Friday, December 1st. BidaskClub upgraded shares of Net 1 UEPS Technologies from a sell rating to a hold rating in a research report on Saturday, December 30th. Finally, Sidoti assumed coverage on shares of Net 1 UEPS Technologies in a research report on Monday, November 20th. They set a buy rating for the company. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Net 1 UEPS Technologies has a consensus rating of Buy and a consensus target price of $11.00.

Net 1 UEPS Technologies (UEPS) opened at $11.12 on Friday. The company has a market cap of $676.30, a price-to-earnings ratio of 9.04 and a beta of 0.67. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.33 and a current ratio of 1.35. Net 1 UEPS Technologies has a 12-month low of $8.87 and a 12-month high of $13.81.

Net 1 UEPS Technologies (NASDAQ:UEPS) last announced its quarterly earnings data on Thursday, November 9th. The business services provider reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.07. The company had revenue of $152.56 million during the quarter, compared to the consensus estimate of $151.94 million. Net 1 UEPS Technologies had a net margin of 11.17% and a return on equity of 13.06%. sell-side analysts expect that Net 1 UEPS Technologies will post 1.58 earnings per share for the current year.

In other news, Director Alasdair Jonathan Kemsley Pein sold 6,500 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $11.01, for a total transaction of $71,565.00. Following the transaction, the director now directly owns 29,061 shares of the company’s stock, valued at approximately $319,961.61. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul Edwards sold 9,000 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $11.36, for a total transaction of $102,240.00. Following the transaction, the director now directly owns 10,822 shares in the company, valued at $122,937.92. The disclosure for this sale can be found here. 3.18% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Tudor Investment Corp ET AL grew its stake in shares of Net 1 UEPS Technologies by 8.3% during the 2nd quarter. Tudor Investment Corp ET AL now owns 38,601 shares of the business services provider’s stock worth $381,000 after purchasing an additional 2,943 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Net 1 UEPS Technologies by 12.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 32,035 shares of the business services provider’s stock worth $316,000 after purchasing an additional 3,448 shares during the period. Woodmont Investment Counsel LLC grew its stake in shares of Net 1 UEPS Technologies by 8.4% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 105,801 shares of the business services provider’s stock worth $1,031,000 after purchasing an additional 8,200 shares during the period. Vanguard Group Inc. grew its stake in shares of Net 1 UEPS Technologies by 6.9% during the 2nd quarter. Vanguard Group Inc. now owns 160,544 shares of the business services provider’s stock worth $1,584,000 after purchasing an additional 10,424 shares during the period. Finally, Wedbush Securities Inc. acquired a new position in shares of Net 1 UEPS Technologies during the 3rd quarter worth $117,000. 55.94% of the stock is currently owned by institutional investors and hedge funds.

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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.

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