Swiss National Bank raised its position in Net 1 UEPS Technologies Inc (NASDAQ:UEPS) by 12.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,192 shares of the business services provider’s stock after purchasing an additional 11,200 shares during the period. Swiss National Bank owned 0.18% of Net 1 UEPS Technologies worth $1,203,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Regal Investment Advisors LLC purchased a new stake in shares of Net 1 UEPS Technologies in the 3rd quarter valued at approximately $156,000. FNY Partners Fund LP purchased a new stake in shares of Net 1 UEPS Technologies in the 4th quarter valued at approximately $204,000. Teacher Retirement System of Texas purchased a new stake in shares of Net 1 UEPS Technologies in the 4th quarter valued at approximately $230,000. Macquarie Group Ltd. acquired a new position in shares of Net 1 UEPS Technologies in the 3rd quarter valued at $244,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Net 1 UEPS Technologies by 1,164.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,603 shares of the business services provider’s stock valued at $269,000 after buying an additional 25,420 shares in the last quarter. 56.45% of the stock is currently owned by institutional investors.
Several research analysts have recently issued reports on the stock. Robert W. Baird lowered their target price on shares of Net 1 UEPS Technologies from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, February 9th. ValuEngine upgraded shares of Net 1 UEPS Technologies from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. BidaskClub cut shares of Net 1 UEPS Technologies from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. TheStreet cut shares of Net 1 UEPS Technologies from a “b-” rating to a “c” rating in a report on Monday, February 12th. Finally, 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 for the company in a report on Saturday, November 18th. 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. The stock currently has an average rating of “Hold” and an average price target of $13.00.
Net 1 UEPS Technologies (NASDAQ:UEPS) last issued its earnings results on Thursday, February 8th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. Net 1 UEPS Technologies had a net margin of 9.73% and a return on equity of 12.30%. The business had revenue of $148.40 million during the quarter, compared to analysts’ expectations of $148.50 million. During the same quarter in the prior year, the business posted $0.43 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. sell-side analysts expect that Net 1 UEPS Technologies Inc will post 1.64 earnings per share for the current year.
In other Net 1 UEPS Technologies news, CEO Herman Kotze purchased 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was purchased at an average price of $9.85 per share, for a total transaction of $59,100.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christopher Stefan Seabrooke purchased 53,422 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were acquired at an average price of $9.77 per share, with a total value of $521,932.94. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 195,500 shares of company stock valued at $2,036,511. Company insiders own 3.18% 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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