Shares of Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokerages have set a 1-year consensus target price of $16.00 for the company and are anticipating that the company will post $0.41 EPS for the current quarter, according to Zacks. Zacks has also assigned Net 1 UEPS Technologies an industry rank of 94 out of 265 based on the ratings given to its competitors.

UEPS has been the topic of a number of research analyst reports. ValuEngine upgraded Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 30th. TheStreet downgraded Net 1 UEPS Technologies from a “b-” rating to a “c+” rating in a research report on Thursday, October 19th. BidaskClub downgraded Net 1 UEPS Technologies from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research upgraded Net 1 UEPS Technologies from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 26th.

Shares of Net 1 UEPS Technologies (UEPS) opened at $9.88 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.53 and a quick ratio of 1.52. The company has a market capitalization of $562.45, a PE ratio of 6.14 and a beta of 0.75. Net 1 UEPS Technologies has a 52-week low of $8.87 and a 52-week high of $13.81.

Net 1 UEPS Technologies (NASDAQ:UEPS) last posted its earnings results on Friday, August 25th. The business services provider reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.07). The firm had revenue of $155.10 million during the quarter, compared to analysts’ expectations of $172.64 million. Net 1 UEPS Technologies had a return on equity of 13.24% and a net margin of 11.17%. Net 1 UEPS Technologies’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. analysts anticipate that Net 1 UEPS Technologies will post 1.5 EPS for the current fiscal year.

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In other news, Director Paul Edwards sold 5,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $10.18, for a total value of $50,900.00. Following the sale, the director now directly owns 19,822 shares in the company, valued at $201,787.96. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Christopher Stefan Seabrooke sold 24,533 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 18,124 shares in the company, valued at $178,158.92. The disclosure for this sale can be found here. Corporate insiders own 3.18% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Marshall Wace North America L.P. purchased a new stake in shares of Net 1 UEPS Technologies in the second quarter worth approximately $107,000. Wedbush Securities Inc. purchased a new stake in shares of Net 1 UEPS Technologies in the third quarter worth approximately $117,000. Regal Investment Advisors LLC purchased a new stake in shares of Net 1 UEPS Technologies in the third quarter worth approximately $156,000. Wells Fargo & Company MN bought a new position in Net 1 UEPS Technologies in the first quarter worth approximately $205,000. Finally, Nine Chapters Capital Management LLC bought a new position in Net 1 UEPS Technologies in the third quarter worth approximately $190,000. Hedge funds and other institutional investors own 56.45% of the company’s stock.

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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