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.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/net-1-ueps-technologies-inc-nasdaqueps-receives-consensus-recommendation-of-strong-buy-from-analysts.html

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.

5 Day Chart for NASDAQ:UEPS

Get a free copy of the Zacks research report on Net 1 UEPS Technologies (UEPS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Net 1 UEPS Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Net 1 UEPS Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.