Net 1 UEPS Technologies (UEPS) Rating Increased to Strong-Buy at ValuEngine

Net 1 UEPS Technologies (NASDAQ:UEPS) was upgraded by research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday.

A number of other equities analysts have also recently weighed in on UEPS. BidaskClub raised Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. TheStreet raised Net 1 UEPS Technologies from a “c” rating to a “b-” rating in a research note on Tuesday, September 26th. Zacks Investment Research raised Net 1 UEPS Technologies from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 26th. Finally, Sidoti began coverage on Net 1 UEPS Technologies in a research note on Monday, November 20th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $11.00.

Net 1 UEPS Technologies (UEPS) opened at $11.41 on Friday. The stock has a market capitalization of $631.90, a PE ratio of 6.89 and a beta of 0.79. Net 1 UEPS Technologies has a fifty-two week low of $8.87 and a fifty-two week high of $13.81. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.05.

In other Net 1 UEPS Technologies news, Director Paul Edwards sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $10.18, for a total transaction of $50,900.00. Following the completion of the sale, the director now directly owns 19,822 shares in the company, valued at approximately $201,787.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher Stefan Seabrooke sold 24,533 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $9.83, for a total value of $241,159.39. Following the sale, the director now owns 18,124 shares of the company’s stock, valued at $178,158.92. The disclosure for this sale can be found here. Company insiders own 3.18% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its holdings in shares of Net 1 UEPS Technologies by 13.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,652,967 shares of the business services provider’s stock valued at $16,298,000 after buying an additional 195,767 shares during the last quarter. FMR LLC lifted its holdings in shares of Net 1 UEPS Technologies by 15.8% during the 2nd quarter. FMR LLC now owns 685,134 shares of the business services provider’s stock valued at $6,755,000 after buying an additional 93,734 shares during the last quarter. Seizert Capital Partners LLC lifted its holdings in shares of Net 1 UEPS Technologies by 38.1% during the 3rd quarter. Seizert Capital Partners LLC now owns 525,650 shares of the business services provider’s stock valued at $5,120,000 after buying an additional 144,917 shares during the last quarter. Hosking Partners LLP lifted its holdings in shares of Net 1 UEPS Technologies by 90.4% during the 3rd quarter. Hosking Partners LLP now owns 474,947 shares of the business services provider’s stock valued at $4,626,000 after buying an additional 225,551 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Net 1 UEPS Technologies by 22.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 407,992 shares of the business services provider’s stock valued at $3,974,000 after buying an additional 75,185 shares during the last quarter. Institutional investors and hedge funds own 56.15% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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