Net 1 UEPS Technologies (NASDAQ:UEPS) was upgraded by TheStreet from a “c+” rating to a “b-” rating in a report released on Friday.

A number of other research analysts have also recently commented 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. ValuEngine raised Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th. 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 initiated coverage on Net 1 UEPS Technologies in a research note on Monday, November 20th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, one has given a buy rating and two have assigned a strong buy rating to the company. Net 1 UEPS Technologies has an average rating of “Buy” and a consensus target price of $11.00.

Net 1 UEPS Technologies (NASDAQ UEPS) traded down $0.47 on Friday, hitting $10.94. The stock had a trading volume of 568,100 shares, compared to its average volume of 172,916. The company has a market capitalization of $649.54, a PE ratio of 7.09 and a beta of 0.80. Net 1 UEPS Technologies has a 1 year low of $8.87 and a 1 year high of $13.81. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.33 and a current ratio of 1.35.

In related news, Director Paul Edwards sold 5,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $10.18, for a total value of $50,900.00. Following the transaction, the director now owns 19,822 shares of the company’s stock, valued at $201,787.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher Stefan Seabrooke sold 24,533 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 18,124 shares in the company, valued at approximately $178,158.92. The disclosure for this sale can be found here. 3.18% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its holdings in Net 1 UEPS Technologies by 13.4% during the second quarter. Renaissance Technologies LLC now owns 1,652,967 shares of the business services provider’s stock worth $16,298,000 after buying an additional 195,767 shares during the period. FMR LLC lifted its holdings in Net 1 UEPS Technologies by 15.8% during the second quarter. FMR LLC now owns 685,134 shares of the business services provider’s stock worth $6,755,000 after buying an additional 93,734 shares during the period. Seizert Capital Partners LLC lifted its holdings in Net 1 UEPS Technologies by 38.1% during the third quarter. Seizert Capital Partners LLC now owns 525,650 shares of the business services provider’s stock worth $5,120,000 after buying an additional 144,917 shares during the period. Hosking Partners LLP lifted its holdings in Net 1 UEPS Technologies by 90.4% during the third quarter. Hosking Partners LLP now owns 474,947 shares of the business services provider’s stock worth $4,626,000 after buying an additional 225,551 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Net 1 UEPS Technologies by 22.6% during the third quarter. Bank of New York Mellon Corp now owns 407,992 shares of the business services provider’s stock worth $3,974,000 after buying an additional 75,185 shares during the period. Institutional investors own 56.14% of the company’s stock.

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About Net 1 UEPS Technologies

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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