Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) insider Philip Marc Belamant sold 8,363 shares of Net 1 UEPS Technologies stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $8.90, for a total transaction of $74,430.70. Following the transaction, the insider now directly owns 30,934 shares in the company, valued at approximately $275,312.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Philip Marc Belamant also recently made the following trade(s):

  • On Monday, September 12th, Philip Marc Belamant sold 1,119 shares of Net 1 UEPS Technologies stock. The stock was sold at an average price of $9.60, for a total transaction of $10,742.40.

Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) opened at 9.09 on Friday. Net 1 UEPS Technologies Inc. has a 52-week low of $8.44 and a 52-week high of $18.37. The company has a market cap of $497.06 million, a PE ratio of 5.32 and a beta of 0.90. The firm’s 50 day moving average is $9.84 and its 200 day moving average is $10.17.

Net 1 UEPS Technologies (NASDAQ:UEPS) last announced its quarterly earnings results on Thursday, August 25th. The company reported $0.51 earnings per share (EPS) for the quarter, beating 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 had revenue of $151.30 million for the quarter, compared to analysts’ expectations of $161.90 million. During the same quarter in the previous year, the company earned $0.58 earnings per share. Net 1 UEPS Technologies’s quarterly revenue was down 7.9% on a year-over-year basis. Analysts forecast that Net 1 UEPS Technologies Inc. will post $1.70 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Penserra Capital Management LLC boosted its position in shares of 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 position in shares of Net 1 UEPS Technologies during the second quarter valued at about $104,000. Hsbc Holdings PLC bought a new position in shares of Net 1 UEPS Technologies during the second quarter valued at about $110,000. Royal Bank of Canada boosted its position in shares of 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 position in shares of Net 1 UEPS Technologies during the first quarter valued at about $124,000. Institutional investors own 67.74% of the company’s stock.

Separately, Zacks Investment Research raised shares of Net 1 UEPS Technologies from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 7th.

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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