Insider Selling: Net 1 UEPS Technologies Inc. (UEPS) Insider Sells $10,742.40 in Stock
Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) insider Philip Marc Belamant sold 1,119 shares of the company’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $9.60, for a total transaction of $10,742.40. Following the transaction, the insider now owns 30,998 shares in the company, valued at $297,580.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) opened at 8.94 on Tuesday. The firm has a market capitalization of $488.86 million, a price-to-earnings ratio of 5.23 and a beta of 0.90. The firm’s 50-day moving average is $9.93 and its 200 day moving average is $10.19. Net 1 UEPS Technologies Inc. has a 12 month low of $8.44 and a 12 month high of $18.37.
Net 1 UEPS Technologies (NASDAQ:UEPS) last announced its earnings results on Thursday, August 25th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.44 by $0.07. Net 1 UEPS Technologies had a net margin of 13.96% and a return on equity of 17.72%. The company earned $151.30 million during the quarter, compared to analysts’ expectations of $161.90 million. During the same period last year, the company posted $0.58 earnings per share. The business’s revenue for the quarter was down 7.9% on a year-over-year basis. Equities analysts predict that Net 1 UEPS Technologies Inc. will post $1.70 earnings per share for the current year.
Separately, Zacks Investment Research upgraded shares of Net 1 UEPS Technologies from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 7th.
Several hedge funds have recently bought and sold shares of the company. Penserra Capital Management LLC boosted its stake in Net 1 UEPS Technologies by 7.0% in the second quarter. Penserra Capital Management LLC now owns 10,128 shares of the company’s stock valued at $101,000 after buying an additional 665 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new stake in Net 1 UEPS Technologies during the second quarter valued at approximately $104,000. Hsbc Holdings PLC bought a new stake in Net 1 UEPS Technologies during the second quarter valued at approximately $110,000. Royal Bank of Canada boosted its stake in Net 1 UEPS Technologies by 11.1% in the first quarter. Royal Bank of Canada now owns 12,395 shares of the company’s stock valued at $114,000 after buying an additional 1,234 shares in the last quarter. Finally, Boothbay Fund Management LLC bought a new stake in Net 1 UEPS Technologies during the first quarter valued at approximately $124,000. Institutional investors and hedge funds own 68.48% of the company’s stock.
About Net 1 UEPS Technologies
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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