Point72 Asset Management L.P. lifted its position in shares of USA Technologies, Inc. (NASDAQ:USAT) by 42.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 450,617 shares of the technology company’s stock after purchasing an additional 134,845 shares during the period. Point72 Asset Management L.P. owned 0.75% of USA Technologies worth $6,309,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. increased its stake in shares of USA Technologies by 1,467.7% during the 2nd quarter. Sei Investments Co. now owns 84,857 shares of the technology company’s stock worth $1,188,000 after purchasing an additional 79,444 shares during the last quarter. Gilder Gagnon Howe & Co. LLC increased its stake in shares of USA Technologies by 364.6% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,635,291 shares of the technology company’s stock worth $22,894,000 after purchasing an additional 1,283,278 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its stake in shares of USA Technologies by 23.1% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 1,041,256 shares of the technology company’s stock worth $14,578,000 after purchasing an additional 195,435 shares during the last quarter. Allianz Asset Management GmbH increased its stake in shares of USA Technologies by 127.7% during the 1st quarter. Allianz Asset Management GmbH now owns 1,450,659 shares of the technology company’s stock worth $13,056,000 after purchasing an additional 813,622 shares during the last quarter. Finally, Avalon Advisors LLC grew its stake in USA Technologies by 65.8% in the 1st quarter. Avalon Advisors LLC now owns 251,440 shares of the technology company’s stock valued at $2,263,000 after buying an additional 99,744 shares during the last quarter. Institutional investors own 72.06% of the company’s stock.

A number of research analysts recently commented on USAT shares. BidaskClub upgraded shares of USA Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 26th. Lake Street Capital reiterated a “buy” rating and issued a $17.00 price target on shares of USA Technologies in a research note on Wednesday, June 13th. Finally, Zacks Investment Research upgraded shares of USA Technologies from a “sell” rating to a “hold” rating in a research note on Friday, July 27th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $13.67.

Shares of USAT opened at $10.50 on Tuesday. USA Technologies, Inc. has a 52 week low of $5.25 and a 52 week high of $16.83. The stock has a market capitalization of $642.01 million, a P/E ratio of -525.00 and a beta of 0.58. The company has a current ratio of 1.34, a quick ratio of 1.08 and a debt-to-equity ratio of 0.29.

USA Technologies Company Profile

USA Technologies, Inc provides wireless networking, cashless transactions, asset monitoring, and other value-added services in the United States and internationally. It designs and markets systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (M2M) services.

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Institutional Ownership by Quarter for USA Technologies (NASDAQ:USAT)

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