Royce & Associates LP decreased its stake in shares of Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) by 50.9% during the second quarter, Holdings Channel reports. The fund owned 15,700 shares of the company’s stock after selling 16,300 shares during the period. Royce & Associates LP’s holdings in Net 1 UEPS Technologies were worth $157,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Orbis Allan Gray Ltd bought a new position in Net 1 UEPS Technologies during the first quarter valued at approximately $83,730,000. Sensato Investors LLC boosted its position in Net 1 UEPS Technologies by 169.3% in the first quarter. Sensato Investors LLC now owns 596,396 shares of the company’s stock valued at $5,487,000 after buying an additional 374,940 shares during the last quarter. Prescott Group Capital Management L.L.C. boosted its position in Net 1 UEPS Technologies by 69.7% in the second quarter. Prescott Group Capital Management L.L.C. now owns 849,722 shares of the company’s stock valued at $8,489,000 after buying an additional 348,988 shares during the last quarter. Renaissance Technologies LLC boosted its position in Net 1 UEPS Technologies by 30.8% in the first quarter. Renaissance Technologies LLC now owns 1,440,500 shares of the company’s stock valued at $13,253,000 after buying an additional 338,900 shares during the last quarter. Finally, Oxford Asset Management bought a new position in Net 1 UEPS Technologies during the second quarter valued at approximately $2,657,000. 67.74% of the stock is currently owned by hedge funds and other institutional investors.

Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) traded up 1.10% during trading on Friday, reaching $9.19. 92,462 shares of the company’s stock traded hands. The firm’s 50 day moving average is $9.84 and its 200-day moving average is $10.17. The company has a market capitalization of $502.53 million, a price-to-earnings ratio of 5.37 and a beta of 0.90. 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 posted its quarterly earnings results on Thursday, August 25th. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $151.30 million for the quarter, compared to the consensus estimate of $161.90 million. During the same quarter in the previous year, the company earned $0.58 earnings per share. The business’s revenue was down 7.9% compared to the same quarter last year. Analysts expect that Net 1 UEPS Technologies Inc. will post $1.70 EPS for the current fiscal year.

Separately, Zacks Investment Research cut shares of Net 1 UEPS Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, September 1st.

In other news, Director Christopher Stefan Seabrooke sold 7,174 shares of the business’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $9.71, for a total value of $69,659.54. Following the sale, the director now owns 21,946 shares in the company, valued at approximately $213,095.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Philip Marc Belamant sold 8,363 shares of the business’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $8.90, for a total transaction of $74,430.70. Following the completion of the sale, the insider now owns 30,934 shares in the company, valued at approximately $275,312.60. The disclosure for this sale can be found here. Company insiders own 5.58% of the company’s stock.

Net 1 UEPS Technologies Company Profile

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.

5 Day Chart for NASDAQ:UEPS

Want to see what other hedge funds are holding UEPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Net 1 UEPS Technologies Inc. (NASDAQ:UEPS).

Receive News & Ratings for Net 1 UEPS Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Net 1 UEPS Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.