Alyeska Investment Group L.P. Buys New Position in USA Technologies, Inc. (USAT)
Alyeska Investment Group L.P. bought a new stake in shares of USA Technologies, Inc. (NASDAQ:USAT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 300,000 shares of the technology company’s stock, valued at approximately $1,875,000. Alyeska Investment Group L.P. owned 0.60% of USA Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. HighTower Advisors LLC purchased a new position in shares of USA Technologies during the second quarter valued at approximately $1,668,000. Ardsley Advisory Partners purchased a new position in shares of USA Technologies during the second quarter valued at approximately $2,080,000. Vanguard Group Inc. increased its stake in shares of USA Technologies by 3.3% during the first quarter. Vanguard Group Inc. now owns 1,440,142 shares of the technology company’s stock valued at $6,121,000 after buying an additional 45,825 shares during the period. EAM Investors LLC purchased a new position in shares of USA Technologies during the third quarter valued at approximately $3,096,000. Finally, Wells Fargo & Company MN increased its stake in shares of USA Technologies by 16.0% during the second quarter. Wells Fargo & Company MN now owns 716,928 shares of the technology company’s stock valued at $3,728,000 after buying an additional 99,035 shares during the period. 51.17% of the stock is currently owned by hedge funds and other institutional investors.
USAT has been the topic of several research analyst reports. Zacks Investment Research raised USA Technologies from a “hold” rating to a “strong-buy” rating and set a $7.75 target price on the stock in a research note on Saturday, November 11th. Northland Securities reissued a “buy” rating and set a $7.25 target price on shares of USA Technologies in a research note on Tuesday, September 5th. Finally, William Blair assumed coverage on USA Technologies in a research note on Thursday, August 24th. They issued an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $8.25.
In related news, Director Albin F. Moschner sold 6,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $8.46, for a total value of $50,760.00. Following the sale, the director now directly owns 416,926 shares of the company’s stock, valued at $3,527,193.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Albin F. Moschner sold 8,000 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $8.47, for a total value of $67,760.00. Following the completion of the sale, the director now directly owns 416,926 shares in the company, valued at $3,531,363.22. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,000 shares of company stock worth $486,440. 4.38% of the stock is owned by insiders.
Shares of USA Technologies, Inc. (NASDAQ USAT) opened at $9.25 on Thursday. The firm has a market capitalization of $461.13, a price-to-earnings ratio of 430.00 and a beta of 1.03. USA Technologies, Inc. has a 12 month low of $3.80 and a 12 month high of $9.55. The company has a quick ratio of 2.38, a current ratio of 2.67 and a debt-to-equity ratio of 0.01.
USA Technologies (NASDAQ:USAT) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. The company had revenue of $25.62 million for the quarter, compared to analysts’ expectations of $25.87 million. USA Technologies had a return on equity of 1.20% and a net margin of 0.37%. analysts predict that USA Technologies, Inc. will post 0.07 EPS for the current year.
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USA Technologies Company Profile
USA Technologies, Inc provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale (POS) market. The Company is a provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other unattended market segments, such as amusement, commercial laundry, kiosk and others.
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