Net 1 UEPS Technologies Inc. (UEPS) Trading Down 2.3%
Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) shares were down 2.3% during mid-day trading on Friday . The company traded as low as $10.08 and last traded at $10.19, with a volume of 60,699 shares trading hands. The stock had previously closed at $10.43.
Several research firms recently commented on UEPS. Zacks Investment Research raised Net 1 UEPS Technologies from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 7th. Robert W. Baird reissued a “buy” rating on shares of Net 1 UEPS Technologies in a research note on Monday, May 16th.
The stock has a market capitalization of $457.67 million and a PE ratio of 5.84. The company’s 50-day moving average is $10.13 and its 200-day moving average is $10.24.
Several hedge funds and institutional investors recently added to or reduced their stakes in UEPS. Schroder Investment Management Group raised 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 worth $1,732,000 after buying an additional 83,986 shares during the last quarter. Systematic Financial Management LP raised 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 worth $2,163,000 after buying an additional 27,005 shares during the last quarter. Finally, RS Investment Management Co. LLC raised its position in Net 1 UEPS Technologies by 32.0% in the fourth quarter. RS Investment Management Co. LLC now owns 223,984 shares of the company’s stock worth $3,026,000 after buying an additional 54,259 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.