Insider Selling: Net 1 UEPS Technologies Inc. (UEPS) Insider Sells 8,363 Shares of Stock
Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) insider Philip Marc Belamant sold 8,363 shares of the business’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $8.90, for a total transaction of $74,430.70. Following the sale, the insider now owns 30,934 shares in the company, valued at approximately $275,312.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Philip Marc Belamant also recently made the following trade(s):
- On Monday, September 12th, Philip Marc Belamant sold 1,119 shares of Net 1 UEPS Technologies stock. The shares were sold at an average price of $9.60, for a total transaction of $10,742.40.
Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) opened at 8.93 on Wednesday. The firm has a 50-day moving average of $9.89 and a 200 day moving average of $10.19. Net 1 UEPS Technologies Inc. has a 1-year low of $8.44 and a 1-year high of $18.37. The firm has a market cap of $488.31 million, a price-to-earnings ratio of 5.22 and a beta of 0.90.
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Net 1 UEPS Technologies (NASDAQ:UEPS) last posted its quarterly earnings data on Thursday, August 25th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.07. The firm earned $151.30 million during the quarter, compared to analysts’ expectations of $161.90 million. Net 1 UEPS Technologies had a net margin of 13.96% and a return on equity of 17.72%. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.58 EPS. Analysts expect that Net 1 UEPS Technologies Inc. will post $1.70 earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of Net 1 UEPS Technologies from a “strong sell” rating to a “hold” rating in a report on Thursday, July 7th.
A number of large investors have recently bought and sold shares of the stock. Penserra Capital Management LLC boosted its stake in Net 1 UEPS Technologies by 7.0% in the second quarter. Penserra Capital Management LLC now owns 10,128 shares of the company’s stock valued at $101,000 after buying an additional 665 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new stake in Net 1 UEPS Technologies during the second quarter valued at $104,000. Hsbc Holdings PLC bought a new stake in Net 1 UEPS Technologies during the second quarter valued at $110,000. Royal Bank of Canada boosted its stake in Net 1 UEPS Technologies by 11.1% in the first quarter. Royal Bank of Canada now owns 12,395 shares of the company’s stock valued at $114,000 after buying an additional 1,234 shares during the last quarter. Finally, Boothbay Fund Management LLC bought a new stake in Net 1 UEPS Technologies during the first quarter valued at $124,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.
About Net 1 UEPS Technologies
Net 1 UEPS Technologies, Inc is South Africa-based a provider of payment solutions and transaction processing services across a range of industries and in various geographies. The Company operates in four segments: Smart card accounts, International transaction-based activities, financial services and Hardware, software and related technology sales.
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