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 cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokerages have set a 12 month consensus target price of $16.00 for the company and are forecasting that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Net 1 UEPS Technologies an industry rank of 169 out of 265 based on the ratings given to its competitors.

Several brokerages have commented on UEPS. TheStreet upgraded shares of Net 1 UEPS Technologies from a “c” rating to a “b-” rating in a report on Tuesday, September 26th. Zacks Investment Research upgraded shares of Net 1 UEPS Technologies from a “strong sell” rating to a “hold” rating in a report on Thursday, October 26th. ValuEngine upgraded shares of Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Sidoti began coverage on shares of Net 1 UEPS Technologies in a report on Monday, November 20th. They issued a “buy” rating for the company. Finally, BidaskClub upgraded shares of Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th.

Shares of Net 1 UEPS Technologies (UEPS) opened at $10.86 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.05. Net 1 UEPS Technologies has a 1-year low of $8.87 and a 1-year high of $13.81. The company has a market cap of $622.79, a PE ratio of 6.80 and a beta of 0.80.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Morgan Stanley increased its position in shares of Net 1 UEPS Technologies by 0.4% during the first quarter. Morgan Stanley now owns 292,431 shares of the business services provider’s stock valued at $3,577,000 after acquiring an additional 1,269 shares in the last quarter. Bank of America Corp DE increased its position in shares of Net 1 UEPS Technologies by 17.7% during the first quarter. Bank of America Corp DE now owns 50,800 shares of the business services provider’s stock valued at $621,000 after acquiring an additional 7,634 shares in the last quarter. Credit Suisse AG increased its position in shares of Net 1 UEPS Technologies by 9.2% during the first quarter. Credit Suisse AG now owns 29,878 shares of the business services provider’s stock valued at $366,000 after acquiring an additional 2,505 shares in the last quarter. Spark Investment Management LLC increased its position in shares of Net 1 UEPS Technologies by 23.8% during the second quarter. Spark Investment Management LLC now owns 127,600 shares of the business services provider’s stock valued at $1,258,000 after acquiring an additional 24,500 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its position in shares of Net 1 UEPS Technologies by 40.7% during the second quarter. Wedge Capital Management L L P NC now owns 114,800 shares of the business services provider’s stock valued at $1,132,000 after acquiring an additional 33,200 shares in the last quarter. 56.14% of the stock is owned by institutional investors and hedge funds.

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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.

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