Shares of Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) traded up 2.4% during mid-day trading on Wednesday . The stock traded as high as $9.94 and last traded at $9.91, with a volume of 113,746 shares trading hands. The stock had previously closed at $9.68.

Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of Net 1 UEPS Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, May 11th. 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 for the company.

The company’s 50-day moving average is $10.28 and its 200 day moving average is $10.22. The stock has a market capitalization of $503.35 million and a PE ratio of 5.80.

Net 1 UEPS Technologies (NASDAQ:UEPS) last announced its quarterly earnings data on Thursday, August 25th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.07. During the same quarter in the previous year, the business earned $0.58 earnings per share. The firm had revenue of $151.30 million for the quarter, compared to the consensus estimate of $161.90 million. The firm’s revenue for the quarter was down 7.9% on a year-over-year basis. On average, analysts predict that Net 1 UEPS Technologies Inc. will post $1.70 EPS for the current year.

A hedge fund recently raised its stake in Net 1 UEPS Technologies stock. RS Investment Management Co. LLC boosted its stake in shares of Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) by 32.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 223,984 shares of the company’s stock after buying an additional 54,259 shares during the period. RS Investment Management Co. LLC owned 0.49% of Net 1 UEPS Technologies worth $3,026,000 as of its most recent filing with the SEC.

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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