Net 1 UEPS Technologies (NASDAQ:UEPS) Stock Rating Upgraded by B. Riley

Net 1 UEPS Technologies (NASDAQ:UEPS) was upgraded by investment analysts at B. Riley from a “neutral” rating to a “buy” rating in a research report issued on Thursday, Zacks.com reports.

UEPS has been the subject of a number of other reports. ValuEngine raised Net 1 UEPS Technologies from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Zacks Investment Research lowered Net 1 UEPS Technologies from a “buy” rating to a “hold” rating in a research note on Friday.

Shares of NASDAQ UEPS opened at $3.52 on Thursday. The stock has a fifty day moving average price of $3.40 and a two-hundred day moving average price of $3.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.24. The firm has a market cap of $198.55 million, a P/E ratio of -0.96 and a beta of 1.01. Net 1 UEPS Technologies has a 1 year low of $2.70 and a 1 year high of $4.45.

In other news, major shareholder Value Capital Partners (Pty) L sold 426,122 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $3.50, for a total value of $1,491,427.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Value Advisers International sold 4,398,424 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $3.46, for a total value of $15,218,547.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,241,871 shares of company stock valued at $18,048,567. Corporate insiders own 2.91% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clear Harbor Asset Management LLC lifted its holdings in shares of Net 1 UEPS Technologies by 159.6% in the fourth quarter. Clear Harbor Asset Management LLC now owns 61,000 shares of the business services provider’s stock valued at $227,000 after purchasing an additional 37,500 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Net 1 UEPS Technologies by 19.6% in the first quarter. Assenagon Asset Management S.A. now owns 43,182 shares of the business services provider’s stock valued at $126,000 after purchasing an additional 7,062 shares in the last quarter. Oxford Asset Management LLP purchased a new stake in shares of Net 1 UEPS Technologies in the fourth quarter valued at $108,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Net 1 UEPS Technologies by 38.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 710,528 shares of the business services provider’s stock valued at $2,644,000 after purchasing an additional 197,279 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Net 1 UEPS Technologies by 84.1% in the fourth quarter. Geode Capital Management LLC now owns 67,545 shares of the business services provider’s stock valued at $251,000 after purchasing an additional 30,847 shares in the last quarter. Institutional investors own 47.76% of the company’s stock.

About Net 1 UEPS Technologies

Net 1 UEPS Technologies, Inc provides transaction processing services, financial inclusion products and services, and secure payment technologies in South Africa, the Republic of Korea, and internationally. The company develops and markets transaction processing solutions, including smart card-based alternative payment systems for the unbanked and under-banked populations of developing economies and for mobile transaction channels.

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