Net 1 UEPS Technologies (NASDAQ:UEPS) issued its quarterly earnings data on Thursday. The business services provider reported $0.01 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.13), reports. The firm had revenue of $125.88 million for the quarter, compared to analysts’ expectations of $145.03 million. Net 1 UEPS Technologies had a net margin of 6.39% and a return on equity of 13.96%. Net 1 UEPS Technologies’s revenue was down 17.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 EPS. Net 1 UEPS Technologies updated its FY19 guidance to at least $0.65 EPS.

UEPS stock opened at $4.84 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.51 and a quick ratio of 1.47. Net 1 UEPS Technologies has a one year low of $4.43 and a one year high of $13.20. The company has a market capitalization of $381.92 million, a price-to-earnings ratio of 3.46 and a beta of 1.32.

UEPS has been the subject of several recent analyst reports. Maxim Group reduced their price objective on shares of Net 1 UEPS Technologies from $24.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, August 29th. ValuEngine raised shares of Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 2nd. Finally, BidaskClub cut shares of Net 1 UEPS Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, October 13th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.50.

In other Net 1 UEPS Technologies news, CEO Herman Kotze acquired 12,000 shares of the stock in a transaction dated Wednesday, September 19th. The stock was purchased at an average cost of $6.74 per share, for a total transaction of $80,880.00. Following the acquisition, the chief executive officer now owns 481,000 shares in the company, valued at approximately $3,241,940. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher Stefan Seabrooke acquired 20,000 shares of the stock in a transaction dated Thursday, September 20th. The stock was acquired at an average price of $7.48 per share, with a total value of $149,600.00. Following the completion of the acquisition, the director now owns 18,124 shares in the company, valued at approximately $135,567.52. The disclosure for this purchase can be found here. In the last three months, insiders acquired 33,036 shares of company stock valued at $238,064. Corporate insiders own 3.46% of the company’s stock.

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About Net 1 UEPS Technologies

Net 1 UEPS Technologies, Inc provides payment solutions, transaction processing services, and financial technologies to various industries in South Africa, South Korea, and internationally. The company develops and markets transaction processing solutions that comprise 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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Earnings History for Net 1 UEPS Technologies (NASDAQ:UEPS)

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