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Net 1 Ueps Technolog (NASDAQ:UEPS) Insider General Atlantic Llc sold 532,466 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $9.32, for a total value of $4,962,583.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Net 1 Ueps Technolog (NASDAQ:UEPS) traded down 1.08% during mid-day trading on Wednesday, hitting $9.17. 346,748 shares of the company’s stock traded hands. Net 1 Ueps Technolog has a 52 week low of $6.60 and a 52 week high of $13.00. The stock’s 50-day moving average is $9.60 and its 200-day moving average is $9.67. The company has a market cap of $414.5 million and a P/E ratio of 15.45.

Net 1 Ueps Technolog (NASDAQ:UEPS) last announced its earnings results on Thursday, February 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.09. The company had revenue of $137.00 million for the quarter, compared to the consensus estimate of $120.40 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. Analysts expect that Net 1 Ueps Technolog will post $1.40 EPS for the current fiscal year.

Separately, analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of Net 1 Ueps Technolog in a research note on Friday, February 7th. They now have a $14.00 price target on the stock, up previously from $12.00.

Net 1 UEPS Technologies, Inc (NASDAQ:UEPS) provides a smart-card based alternative payment system for the unbanked and underbanked populations of developing economies.

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