Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) shares saw an uptick in trading volume on Monday . 194,599 shares changed hands during trading, an increase of 57% from the previous session’s volume of 124,090 shares.The stock last traded at $10.27 and had previously closed at $10.12.

A number of research firms have recently weighed in on UEPS. Zacks Investment Research downgraded Net 1 UEPS Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th. Robert W. Baird began coverage on Net 1 UEPS Technologies in a report on Sunday, May 8th. They set a “buy” rating for the company.

The company has a 50-day moving average price of $10.25 and a 200 day moving average price of $10.20. The company has a market cap of $462.17 million and a P/E ratio of 5.90.

Other large investors have made changes to their positions in the company. Schroder Investment Management Group boosted its stake in shares of 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. RS Investment Management Co. LLC boosted its stake in shares of 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. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Net 1 UEPS Technologies by 4.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 685,731 shares of the company’s stock worth $9,264,000 after buying an additional 26,250 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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