Zacks: Net 1 UEPS Technologies, Inc. (UEPS) Receives Average Recommendation of “Strong Buy” from Analysts

Shares of Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokers have set a 12-month consensus price target of $16.00 for the company and are expecting that the company will post $0.40 EPS for the current quarter, according to Zacks. Zacks has also assigned Net 1 UEPS Technologies an industry rank of 169 out of 265 based on the ratings given to its competitors.

Several brokerages have recently commented on UEPS. TheStreet raised Net 1 UEPS Technologies from a “c+” rating to a “b-” rating in a research note on Friday, December 1st. ValuEngine raised Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Sidoti began coverage on Net 1 UEPS Technologies in a research note on Monday, November 20th. They issued a “buy” rating on the stock. Finally, Zacks Investment Research raised Net 1 UEPS Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 price target on the stock in a research note on Saturday, November 18th.

Shares of Net 1 UEPS Technologies (NASDAQ UEPS) traded down $0.31 during trading on Thursday, hitting $10.91. The stock had a trading volume of 442,002 shares, compared to its average volume of 690,934. Net 1 UEPS Technologies has a twelve month low of $8.87 and a twelve month high of $13.81. The firm has a market cap of $621.08, a price-to-earnings ratio of 6.78 and a beta of 0.80. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.05.

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

Several hedge funds have recently bought and sold shares of UEPS. Hosking Partners LLP raised its holdings in shares of Net 1 UEPS Technologies by 90.4% in the 3rd quarter. Hosking Partners LLP now owns 474,947 shares of the business services provider’s stock valued at $4,626,000 after buying an additional 225,551 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Net 1 UEPS Technologies by 13.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,652,967 shares of the business services provider’s stock valued at $16,298,000 after buying an additional 195,767 shares during the period. Seizert Capital Partners LLC raised its holdings in shares of Net 1 UEPS Technologies by 38.1% in the 3rd quarter. Seizert Capital Partners LLC now owns 525,650 shares of the business services provider’s stock valued at $5,120,000 after buying an additional 144,917 shares during the period. FMR LLC raised its holdings in shares of Net 1 UEPS Technologies by 15.8% in the 2nd quarter. FMR LLC now owns 685,134 shares of the business services provider’s stock valued at $6,755,000 after buying an additional 93,734 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Net 1 UEPS Technologies by 22.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 407,992 shares of the business services provider’s stock valued at $3,974,000 after buying an additional 75,185 shares during the period. Hedge funds and other institutional investors own 56.14% of the company’s stock.

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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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