Robert W. Baird Lowers Net 1 UEPS Technologies (UEPS) Price Target to $15.00

Net 1 UEPS Technologies (NASDAQ:UEPS) had its price target lowered by analysts at Robert W. Baird from $16.00 to $15.00 in a report released on Friday. The firm presently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price objective indicates a potential upside of 52.28% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. ValuEngine raised shares of Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 22nd. Sidoti started coverage on shares of Net 1 UEPS Technologies in a research report on Monday, November 20th. They issued a “buy” rating for the company. BidaskClub upgraded shares of Net 1 UEPS Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, December 30th. Zacks Investment Research upgraded shares of Net 1 UEPS Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 target price on the stock in a research note on Saturday, November 18th. Finally, TheStreet upgraded shares of Net 1 UEPS Technologies from a “c+” rating to a “b-” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $13.00.

Shares of Net 1 UEPS Technologies (UEPS) traded down $0.83 during mid-day trading on Friday, reaching $9.85. 2,103,000 shares of the company’s stock were exchanged, compared to its average volume of 575,613. Net 1 UEPS Technologies has a twelve month low of $8.87 and a twelve month high of $13.81. The company has a quick ratio of 1.28, a current ratio of 1.30 and a debt-to-equity ratio of 0.03. The company has a market cap of $560.08, a P/E ratio of 6.24 and a beta of 0.67.

Net 1 UEPS Technologies (NASDAQ:UEPS) last issued its quarterly earnings data on Thursday, November 9th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.07. Net 1 UEPS Technologies had a net margin of 9.73% and a return on equity of 12.30%. The business had revenue of $152.56 million during the quarter, compared to the consensus estimate of $151.94 million. research analysts predict that Net 1 UEPS Technologies will post 1.58 earnings per share for the current fiscal year.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wedbush Securities Inc. purchased a new position in Net 1 UEPS Technologies in the third quarter valued at about $117,000. Regal Investment Advisors LLC purchased a new stake in shares of Net 1 UEPS Technologies during the 3rd quarter valued at approximately $156,000. Nine Chapters Capital Management LLC purchased a new stake in shares of Net 1 UEPS Technologies during the 3rd quarter valued at approximately $190,000. Verity Asset Management Inc. purchased a new stake in shares of Net 1 UEPS Technologies during the 4th quarter valued at approximately $202,000. Finally, FNY Partners Fund LP purchased a new stake in shares of Net 1 UEPS Technologies during the 4th quarter valued at approximately $204,000. Hedge funds and other institutional investors own 56.12% 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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