Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) saw strong trading volume on Wednesday . 466,691 shares traded hands during trading, an increase of 52% from the previous session’s volume of 307,519 shares.The stock last traded at $9.84 and had previously closed at $9.85.

Several equities analysts recently weighed in on the company. Robert W. Baird assumed coverage on Net 1 UEPS Technologies in a research report on Sunday, May 8th. They set a “buy” rating on the stock. Zacks Investment Research upgraded Net 1 UEPS Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, March 16th. Finally, TheStreet downgraded Net 1 UEPS Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, April 5th.

The company has a market capitalization of $441.90 million and a P/E ratio of 5.64. The firm has a 50 day moving average price of $10.27 and a 200-day moving average price of $10.54.

Net 1 UEPS Technologies (NASDAQ:UEPS) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The business had revenue of $134.70 million for the quarter, compared to analyst estimates of $139.02 million. The firm’s quarterly revenue was down 10.9% on a year-over-year basis. During the same period last year, the business posted $0.57 EPS. Equities research analysts forecast that Net 1 UEPS Technologies Inc. will post $1.85 EPS for the current year.

Several institutional investors have bought and sold shares of UEPS. Bailard Inc. acquired a new position in Net 1 UEPS Technologies during the fourth quarter valued at approximately $1,632,000. Systematic Financial Management LP increased its position in Net 1 UEPS Technologies by 20.3% in the fourth quarter. Systematic Financial Management LP now owns 160,150 shares of the company’s stock valued at $2,163,000 after buying an additional 27,005 shares during the period. PNC Financial Services Group Inc. increased its position in Net 1 UEPS Technologies by 2,082.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 142,123 shares of the company’s stock valued at $1,919,000 after buying an additional 135,612 shares during the period. Schroder Investment Management Group increased its position in Net 1 UEPS Technologies by 190.0% in the fourth quarter. Schroder Investment Management Group now owns 128,186 shares of the company’s stock valued at $1,732,000 after buying an additional 83,986 shares during the period. Finally, New York State Common Retirement Fund increased its position in Net 1 UEPS Technologies by 20.3% in the fourth quarter. New York State Common Retirement Fund now owns 133,930 shares of the company’s stock valued at $1,809,000 after buying an additional 22,570 shares during the period.

Net 1 UEPS Technologies, Inc is South Africa-based a provider of payment solutions and transaction processing services across a range of industries and in various geographies. The Company operates in four segments: Smart card accounts, International transaction-based activities, financial services and Hardware, software and related technology sales.

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