Insider Selling: General Atlantic Llc Sells 575,000 Shares of Net 1 Ueps Technolog Stock (UEPS)
Net 1 Ueps Technolog (NASDAQ:UEPS) Insider General Atlantic Llc sold 575,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $10.10, for a total value of $5,807,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Net 1 Ueps Technolog (NASDAQ:UEPS) traded up 5.65% on Monday, hitting $10.66. 690,595 shares of the company’s stock traded hands. Net 1 Ueps Technolog has a one year low of $6.60 and a one year high of $13.00. The stock has a 50-day moving average of $9.55 and a 200-day moving average of $9.6. The company has a market cap of $488.0 million and a price-to-earnings ratio of 9.09.
Net 1 Ueps Technolog (NASDAQ:UEPS) last released its earnings data on Thursday, May 8th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.13. The company had revenue of $138.10 million for the quarter, compared to the consensus estimate of $129.54 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 24.3% on a year-over-year basis. Analysts expect that Net 1 Ueps Technolog will post $1.40 EPS for the current fiscal year.
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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