Wedge Capital Management L L P NC boosted its position in Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) by 40.7% during the second quarter, Holdings Channel reports. The institutional investor owned 114,800 shares of the business services provider’s stock after buying an additional 33,200 shares during the period. Wedge Capital Management L L P NC’s holdings in Net 1 UEPS Technologies were worth $1,132,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UEPS. Acadian Asset Management LLC increased its position in Net 1 UEPS Technologies by 32.2% in the first quarter. Acadian Asset Management LLC now owns 1,562,033 shares of the business services provider’s stock worth $19,105,000 after buying an additional 380,603 shares in the last quarter. Prescott Group Capital Management L.L.C. increased its position in Net 1 UEPS Technologies by 8.6% in the second quarter. Prescott Group Capital Management L.L.C. now owns 965,918 shares of the business services provider’s stock worth $9,524,000 after buying an additional 76,425 shares in the last quarter. Schroder Investment Management Group increased its position in Net 1 UEPS Technologies by 40.7% in the first quarter. Schroder Investment Management Group now owns 634,629 shares of the business services provider’s stock worth $7,774,000 after buying an additional 183,615 shares in the last quarter. FMR LLC increased its position in Net 1 UEPS Technologies by 1.4% in the first quarter. FMR LLC now owns 591,400 shares of the business services provider’s stock worth $7,233,000 after buying an additional 8,400 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in Net 1 UEPS Technologies by 1.2% in the first quarter. California Public Employees Retirement System now owns 312,900 shares of the business services provider’s stock worth $3,827,000 after buying an additional 3,700 shares in the last quarter. Hedge funds and other institutional investors own 56.90% of the company’s stock.

Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) opened at 9.74 on Thursday. The stock has a market cap of $552.11 million, a P/E ratio of 5.96 and a beta of 0.77. The company’s 50-day moving average price is $9.77 and its 200-day moving average price is $10.95. Net 1 UEPS Technologies, Inc. has a 1-year low of $8.37 and a 1-year high of $13.81.

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A number of research analysts recently issued reports on UEPS shares. Zacks Investment Research upgraded Net 1 UEPS Technologies from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Saturday, May 13th. BidaskClub downgraded Net 1 UEPS Technologies from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Finally, TheStreet downgraded Net 1 UEPS Technologies from a “b” rating to a “c+” rating in a research note on Thursday, May 4th.

Net 1 UEPS Technologies Company Profile

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.

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

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