Rathbones Group PLC Boosts Stock Holdings in Lesaka Technologies, Inc. $LSAK

Rathbones Group PLC boosted its position in Lesaka Technologies, Inc. (NASDAQ:LSAK) by 6.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,644,420 shares of the company’s stock after purchasing an additional 225,000 shares during the period. Rathbones Group PLC’s holdings in Lesaka Technologies were worth $17,384,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Susquehanna International Group LLP purchased a new position in Lesaka Technologies in the third quarter valued at approximately $74,000. Institutional investors own 24.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wall Street Zen upgraded Lesaka Technologies from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings cut shares of Lesaka Technologies from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday. Finally, Zacks Research raised shares of Lesaka Technologies from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Lesaka Technologies presently has a consensus rating of “Reduce”.

Insider Buying and Selling at Lesaka Technologies

In other news, major shareholder Finance Corp International sold 106,948 shares of the company’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $4.90, for a total value of $524,045.20. Following the transaction, the insider owned 5,330,784 shares of the company’s stock, valued at approximately $26,120,841.60. This represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 798,768 shares of company stock valued at $3,951,513 over the last quarter. Corporate insiders own 3.40% of the company’s stock.

Lesaka Technologies Trading Down 1.2%

Shares of LSAK stock opened at $4.99 on Friday. The company’s fifty day simple moving average is $4.96 and its two-hundred day simple moving average is $4.58. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.54 and a quick ratio of 1.44. Lesaka Technologies, Inc. has a 1 year low of $3.62 and a 1 year high of $5.54. The stock has a market capitalization of $427.82 million, a price-to-earnings ratio of -14.26 and a beta of 0.32.

Lesaka Technologies (NASDAQ:LSAK) last issued its earnings results on Friday, March 27th. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $96.37 million for the quarter. Lesaka Technologies had a negative net margin of 4.11% and a negative return on equity of 15.95%. As a group, analysts anticipate that Lesaka Technologies, Inc. will post 0.03 earnings per share for the current year.

About Lesaka Technologies

Lesaka Technologies, Inc operates as a Fintech company that utilizes its proprietary banking and payment technologies to deliver financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. It offers cash management solutions, growth capital, card acquiring, bill payment technologies, and value-added services to formal and informal retail merchants, as well as banking, lending, and insurance solutions to consumers across Southern Africa. The company also engages in the sale of POS devices, SIM cards, and other consumables; and license of rights to use certain technology developed by the company, as well as offers related technology services.