Zacks: Net 1 UEPS Technologies Inc (UEPS) Receives Consensus Rating of “Strong Buy” from Analysts

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

Brokerages have set a twelve-month consensus price target of $16.00 for the company and are anticipating that the company will post $0.40 EPS for the current quarter, according to Zacks. Zacks has also given Net 1 UEPS Technologies an industry rank of 108 out of 265 based on the ratings given to related companies.

Several equities analysts recently issued reports on the company. BidaskClub upgraded Net 1 UEPS Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. TheStreet upgraded Net 1 UEPS Technologies from a “c+” rating to a “b-” rating in a research report on Friday, December 1st. ValuEngine raised Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Sidoti started coverage on Net 1 UEPS Technologies in a report on Monday, November 20th. They issued a “buy” rating on the stock. Finally, Zacks Investment Research raised Net 1 UEPS Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective on the stock in a report on Saturday, November 18th.

In other news, Director Paul Edwards sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $11.36, for a total transaction of $102,240.00. Following the sale, the director now owns 10,822 shares of the company’s stock, valued at approximately $122,937.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alasdair Jonathan Kemsley Pein sold 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $11.01, for a total value of $71,565.00. Following the sale, the director now directly owns 29,061 shares in the company, valued at approximately $319,961.61. The disclosure for this sale can be found here. 3.18% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the company. Marshall Wace North America L.P. purchased a new stake in shares of Net 1 UEPS Technologies during the 2nd quarter worth approximately $107,000. Wedbush Securities Inc. purchased a new stake in shares of Net 1 UEPS Technologies during the 3rd quarter worth approximately $117,000. Regal Investment Advisors LLC purchased a new stake in shares of Net 1 UEPS Technologies during the 3rd quarter worth approximately $156,000. Nine Chapters Capital Management LLC purchased a new stake in shares of Net 1 UEPS Technologies during the 3rd quarter worth approximately $190,000. Finally, Macquarie Group Ltd. purchased a new stake in shares of Net 1 UEPS Technologies during the 3rd quarter worth approximately $244,000. 56.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of Net 1 UEPS Technologies (NASDAQ:UEPS) traded down $0.04 during mid-day trading on Wednesday, reaching $12.13. The company had a trading volume of 342,922 shares, compared to its average volume of 646,014. The firm has a market cap of $692.81, a PE ratio of 10.02 and a beta of 0.77. Net 1 UEPS Technologies has a 1 year low of $8.87 and a 1 year high of $13.81. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.35 and a quick ratio of 1.33.

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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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