Shares of Net 1 UEPS Technologies Inc (NASDAQ:UEPS) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokerages have set a one year consensus target price of $16.00 for the company and are predicting that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also given Net 1 UEPS Technologies an industry rank of 107 out of 265 based on the ratings given to its competitors.

A number of research analysts have recently issued reports on UEPS shares. ValuEngine raised Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. TheStreet lowered Net 1 UEPS Technologies from a “b-” rating to a “c+” rating in a report on Thursday, October 19th. BidaskClub raised Net 1 UEPS Technologies from a “sell” rating to a “hold” rating in a report on Saturday, December 30th. Zacks Investment Research raised Net 1 UEPS Technologies from a “strong sell” rating to a “hold” rating in a report on Thursday, October 26th. Finally, Sidoti started coverage on Net 1 UEPS Technologies in a report on Monday, November 20th. They set a “buy” rating on the stock.

In other Net 1 UEPS Technologies news, Director Paul Edwards sold 9,000 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $11.36, for a total value of $102,240.00. Following the sale, the director now owns 10,822 shares of the company’s stock, valued at $122,937.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alasdair Jonathan Kemsley Pein sold 6,500 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $11.01, for a total value of $71,565.00. Following the completion of the sale, the director now directly owns 29,061 shares in the company, valued at approximately $319,961.61. The disclosure for this sale can be found here. Corporate insiders own 3.18% of the company’s stock.

A number of institutional investors have recently bought and sold shares of UEPS. Highbridge Capital Management LLC lifted its position in shares of Net 1 UEPS Technologies by 58.1% in the third quarter. Highbridge Capital Management LLC now owns 38,683 shares of the business services provider’s stock valued at $377,000 after acquiring an additional 14,212 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Net 1 UEPS Technologies by 17.6% in the third quarter. Allianz Asset Management GmbH now owns 291,415 shares of the business services provider’s stock valued at $2,838,000 after acquiring an additional 43,521 shares in the last quarter. Woodmont Investment Counsel LLC lifted its position in shares of Net 1 UEPS Technologies by 8.4% in the third quarter. Woodmont Investment Counsel LLC now owns 105,801 shares of the business services provider’s stock valued at $1,031,000 after acquiring an additional 8,200 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Net 1 UEPS Technologies by 1,164.5% in the third quarter. JPMorgan Chase & Co. now owns 27,603 shares of the business services provider’s stock valued at $269,000 after acquiring an additional 25,420 shares in the last quarter. Finally, Hosking Partners LLP lifted its position in shares of Net 1 UEPS Technologies by 90.4% in the third quarter. Hosking Partners LLP now owns 474,947 shares of the business services provider’s stock valued at $4,626,000 after acquiring an additional 225,551 shares in the last quarter. 56.12% of the stock is currently owned by institutional investors.

Net 1 UEPS Technologies (UEPS) traded up $0.50 during trading hours on Friday, hitting $12.55. The stock had a trading volume of 1,072,344 shares, compared to its average volume of 713,589. The firm has a market capitalization of $744.09, a price-to-earnings ratio of 10.37 and a beta of 0.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.33 and a current ratio of 1.35. Net 1 UEPS Technologies has a 1-year low of $8.87 and a 1-year high of $13.81.

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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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