Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) was the target of unusually large options trading activity on Wednesday. Investors bought 1,690 put options on the company. This is an increase of approximately 871% compared to the typical daily volume of 174 put options.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Los Angeles Capital Management & Equity Research Inc. raised its position in Net 1 UEPS Technologies by 2.0% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 35,735 shares of the business services provider’s stock worth $352,000 after acquiring an additional 690 shares in the last quarter. Morgan Stanley raised its position in shares of Net 1 UEPS Technologies by 0.4% in the first quarter. Morgan Stanley now owns 292,431 shares of the business services provider’s stock valued at $3,577,000 after purchasing an additional 1,269 shares during the period. Credit Suisse AG raised its position in shares of Net 1 UEPS Technologies by 9.2% in the first quarter. Credit Suisse AG now owns 29,878 shares of the business services provider’s stock valued at $366,000 after purchasing an additional 2,505 shares during the period. Tudor Investment Corp ET AL raised its position in shares of Net 1 UEPS Technologies by 8.3% in the second quarter. Tudor Investment Corp ET AL now owns 38,601 shares of the business services provider’s stock valued at $381,000 after purchasing an additional 2,943 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Net 1 UEPS Technologies by 12.1% in the second quarter. Goldman Sachs Group Inc. now owns 32,035 shares of the business services provider’s stock valued at $316,000 after purchasing an additional 3,448 shares during the period. 56.14% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have issued reports on UEPS. TheStreet raised shares of Net 1 UEPS Technologies from a “c+” rating to a “b-” rating in a research report on Friday, December 1st. ValuEngine raised shares of Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Sidoti began coverage on shares of Net 1 UEPS Technologies in a research report on Monday, November 20th. They set a “buy” rating on the stock. Zacks Investment Research raised shares of Net 1 UEPS Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 price target on the stock in a research report on Saturday, November 18th. Finally, BidaskClub raised shares of Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $11.00.

Shares of Net 1 UEPS Technologies (NASDAQ UEPS) opened at $10.91 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.33 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 stock has a market cap of $618.23, a price-to-earnings ratio of 6.75 and a beta of 0.80.

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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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