Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) Receives Consensus Recommendation of “Strong Buy” from Analysts
Shares of Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokerages have set a one year consensus price objective of $16.00 for the company and are expecting that the company will post $0.38 EPS for the current quarter, according to Zacks. Zacks has also assigned Net 1 UEPS Technologies an industry rank of 82 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded Net 1 UEPS Technologies from a “strong sell” rating to a “hold” rating in a report on Thursday, July 7th.
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Net 1 UEPS Technologies (NASDAQ:UEPS) traded up 0.11% on Wednesday, reaching $8.94. The company had a trading volume of 27,394 shares. The company’s 50 day moving average is $9.89 and its 200-day moving average is $10.19. The firm has a market capitalization of $488.86 million, a price-to-earnings ratio of 5.23 and a beta of 0.90. Net 1 UEPS Technologies has a one year low of $8.44 and a one year high of $18.37.
Net 1 UEPS Technologies (NASDAQ:UEPS) last released its quarterly earnings results on Thursday, August 25th. The company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.07. Net 1 UEPS Technologies had a return on equity of 17.72% and a net margin of 13.96%. The business had revenue of $151.30 million for the quarter, compared to the consensus estimate of $161.90 million. During the same quarter last year, the business posted $0.58 earnings per share. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. On average, equities research analysts expect that Net 1 UEPS Technologies will post $1.70 earnings per share for the current fiscal year.
In related news, Director Christopher Stefan Seabrooke sold 7,174 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $9.71, for a total value of $69,659.54. Following the sale, the director now directly owns 21,946 shares of the company’s stock, valued at $213,095.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Philip Marc Belamant sold 8,363 shares of the firm’s stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $8.90, for a total value of $74,430.70. Following the completion of the sale, the insider now directly owns 30,934 shares in the company, valued at $275,312.60. The disclosure for this sale can be found here. 5.58% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the company. 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 acquired a new stake in Net 1 UEPS Technologies during the second quarter valued at about $104,000. Hsbc Holdings PLC acquired a new stake in Net 1 UEPS Technologies during the second quarter valued at about $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 acquired a new stake in Net 1 UEPS Technologies during the first quarter valued at about $124,000. 67.74% of the stock is currently owned by institutional investors.
Net 1 UEPS Technologies Company Profile
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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