Spark Investment Management LLC bought a new position in shares of Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) during the third quarter, Holdings Channel reports. The firm bought 79,500 shares of the company’s stock, valued at approximately $680,000. Spark Investment Management LLC owned approximately 0.15% of Net 1 UEPS Technologies as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Hsbc Holdings PLC bought a new stake in shares of Net 1 UEPS Technologies during the second quarter worth about $110,000. Ativo Capital Management LLC raised its stake in shares of Net 1 UEPS Technologies by 77.8% in the second quarter. Ativo Capital Management LLC now owns 86,102 shares of the company’s stock worth $860,000 after buying an additional 37,683 shares in the last quarter. Woodmont Investment Counsel LLC raised its stake in shares of Net 1 UEPS Technologies by 36.7% in the second quarter. Woodmont Investment Counsel LLC now owns 113,735 shares of the company’s stock worth $1,137,000 after buying an additional 30,506 shares in the last quarter. Seizert Capital Partners LLC raised its stake in shares of Net 1 UEPS Technologies by 9.3% in the second quarter. Seizert Capital Partners LLC now owns 313,841 shares of the company’s stock worth $3,135,000 after buying an additional 26,663 shares in the last quarter. Finally, Virginia Retirement Systems ET AL bought a new stake in shares of Net 1 UEPS Technologies during the second quarter worth about $1,160,000. 57.54% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Net 1 UEPS Technologies (NASDAQ:UEPS)

Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) traded up 1.11% during mid-day trading on Friday, hitting $11.87. The company had a trading volume of 78,283 shares. Net 1 UEPS Technologies, Inc. has a 52-week low of $8.37 and a 52-week high of $12.35. The company has a market capitalization of $612.68 million, a P/E ratio of 7.04 and a beta of 0.73. The company has a 50-day moving average price of $11.59 and a 200 day moving average price of $10.42.

Net 1 UEPS Technologies (NASDAQ:UEPS) last issued its earnings results on Thursday, November 3rd. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.08. Net 1 UEPS Technologies had a return on equity of 16.70% and a net margin of 14.20%. The business had revenue of $155.68 million for the quarter, compared to analyst estimates of $158.37 million. During the same quarter last year, the company earned $0.56 EPS. The business’s quarterly revenue was up .8% on a year-over-year basis. On average, analysts forecast that Net 1 UEPS Technologies, Inc. will post $1.70 EPS for the current fiscal year.

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A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Net 1 UEPS Technologies from a “buy” rating to a “hold” rating in a research note on Friday, January 6th. TheStreet raised shares of Net 1 UEPS Technologies from a “hold” rating to a “buy” rating in a research note on Friday, December 2nd.

About Net 1 UEPS Technologies

Net 1 UEPS Technologies, Inc is a provider of payment solutions, transaction processing services and financial technology across multiple industries. The Company develops and markets a transaction processing solution that encompasses its smart card-based alternative payment system for the unbanked and under-banked populations of developing economies and for mobile transaction channels.

5 Day Chart for NASDAQ:UEPS

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