Insider Selling: Net 1 UEPS Technologies, Inc. (UEPS) Director Sells 24,533 Shares of Stock
Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) Director Christopher Stefan Seabrooke sold 24,533 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $9.83, for a total value of $241,159.39. Following the transaction, the director now directly owns 18,124 shares of the company’s stock, valued at approximately $178,158.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Net 1 UEPS Technologies, Inc. (UEPS) traded up 3.15% during trading on Friday, reaching $10.14. The company’s stock had a trading volume of 136,314 shares. The firm has a market capitalization of $566.46 million, a P/E ratio of 7.62 and a beta of 0.74. Net 1 UEPS Technologies, Inc. has a 52 week low of $8.37 and a 52 week high of $13.81. The firm has a 50-day moving average price of $9.44 and a 200-day moving average price of $10.36.
Net 1 UEPS Technologies (NASDAQ:UEPS) last announced its quarterly earnings data on Friday, August 25th. The business services provider reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.07). Net 1 UEPS Technologies had a net margin of 11.96% and a return on equity of 14.06%. The company had revenue of $155.10 million for the quarter, compared to analyst estimates of $172.64 million. During the same quarter last year, the company posted $0.51 EPS. Net 1 UEPS Technologies’s revenue was up 2.5% on a year-over-year basis. On average, equities analysts anticipate that Net 1 UEPS Technologies, Inc. will post $1.64 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the company. Karp Capital Management Corp acquired a new stake in shares of Net 1 UEPS Technologies during the 1st quarter valued at $125,000. Marshall Wace North America L.P. acquired a new stake in shares of Net 1 UEPS Technologies during the 2nd quarter valued at $107,000. Highbridge Capital Management LLC acquired a new stake in shares of Net 1 UEPS Technologies during the 1st quarter valued at $162,000. Trexquant Investment LP lifted its position in shares of Net 1 UEPS Technologies by 38.5% during the 1st quarter. Trexquant Investment LP now owns 14,400 shares of the business services provider’s stock valued at $176,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Wells Fargo & Company MN acquired a new stake in shares of Net 1 UEPS Technologies during the 1st quarter valued at $205,000. Institutional investors own 57.60% of the company’s stock.
Several equities analysts have weighed in on UEPS shares. BidaskClub downgraded Net 1 UEPS Technologies from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research downgraded Net 1 UEPS Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 9th.
Net 1 UEPS Technologies Company Profile
Net 1 UEPS Technologies, Inc is a provider of payment solutions, transaction processing services and financial technology across multiple industries. The Company develops and markets a transaction processing solution that encompasses its smart card-based alternative payment system for the unbanked and under-banked populations of developing economies and for mobile transaction channels.
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