Net 1 UEPS Technologies Inc (NASDAQ:UEPS) was downgraded by stock analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued to clients and investors on Thursday.

UEPS has been the topic of a number of other reports. BidaskClub raised Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Zacks Investment Research lowered Net 1 UEPS Technologies from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, ValuEngine raised Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th.

Shares of Net 1 UEPS Technologies (UEPS) traded up 1.07% during midday trading on Thursday, hitting $9.47. 90,279 shares of the stock traded hands. Net 1 UEPS Technologies has a 12-month low of $9.06 and a 12-month high of $13.81. The company has a market capitalization of $529.03 million, a PE ratio of 7.12 and a beta of 0.77. The firm’s 50 day moving average price is $9.58 and its 200 day moving average price is $9.87.

Net 1 UEPS Technologies (NASDAQ:UEPS) last posted its earnings results on Friday, August 25th. The business services provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.07). The business had revenue of $155.10 million for the quarter, compared to analyst estimates of $172.64 million. Net 1 UEPS Technologies had a return on equity of 6.60% and a net margin of 5.98%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 earnings per share. Analysts expect that Net 1 UEPS Technologies will post $1.64 EPS for the current year.

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In other Net 1 UEPS Technologies news, Director Christopher Stefan Seabrooke sold 24,533 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $9.83, for a total value of $241,159.39. Following the transaction, the director now directly owns 18,124 shares of the company’s stock, valued at approximately $178,158.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul Edwards sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $10.18, for a total value of $50,900.00. Following the completion of the transaction, the director now directly owns 19,822 shares in the company, valued at $201,787.96. The disclosure for this sale can be found here. 3.18% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Shell Asset Management Co. grew its holdings in Net 1 UEPS Technologies by 34.3% in the 3rd quarter. Shell Asset Management Co. now owns 110,484 shares of the business services provider’s stock valued at $1,331,000 after buying an additional 28,243 shares in the last quarter. State Street Corp grew its holdings in Net 1 UEPS Technologies by 16.5% in the 2nd quarter. State Street Corp now owns 97,463 shares of the business services provider’s stock valued at $961,000 after buying an additional 13,810 shares in the last quarter. ETF Managers Group LLC acquired a new position in Net 1 UEPS Technologies in the 2nd quarter valued at $540,000. AHL Partners LLP grew its holdings in Net 1 UEPS Technologies by 135.4% in the 2nd quarter. AHL Partners LLP now owns 81,220 shares of the business services provider’s stock valued at $801,000 after buying an additional 46,721 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Net 1 UEPS Technologies by 12.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 32,035 shares of the business services provider’s stock valued at $316,000 after buying an additional 3,448 shares in the last quarter. 57.01% of the stock is currently owned by hedge funds and other institutional investors.

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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