Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) shares traded up 2% on Wednesday . The company traded as high as $10.35 and last traded at $10.34, with a volume of 71,034 shares changing hands. The stock had previously closed at $10.14.

A number of research analysts recently weighed in on the stock. Robert W. Baird assumed coverage on shares of Net 1 UEPS Technologies in a research report on Sunday, May 8th. They set a “buy” rating on the stock. Zacks Investment Research raised shares of Net 1 UEPS Technologies from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 7th. Finally, TheStreet lowered shares of 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 cap of $466.68 million and a price-to-earnings ratio of 5.95. The company has a 50 day moving average of $10.18 and a 200 day moving average of $10.44.

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

Several institutional investors have modified their holdings of UEPS. Bailard Inc. acquired a new position in shares of Net 1 UEPS Technologies during the fourth quarter valued at $1,632,000. Systematic Financial Management LP boosted its stake 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 worth $2,163,000 after buying an additional 27,005 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake 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 worth $1,919,000 after buying an additional 135,612 shares during the last quarter. Schroder Investment Management Group boosted its stake 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 worth $1,732,000 after buying an additional 83,986 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake 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 worth $1,809,000 after buying an additional 22,570 shares during the last quarter.

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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