ValuEngine Upgrades Net 1 UEPS Technologies, Inc. (UEPS) to “Strong-Buy”

Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

A number of other research analysts have also recently commented on the stock. Sidoti assumed coverage on shares of Net 1 UEPS Technologies in a research report on Monday. They set a “buy” rating on the stock. Zacks Investment Research upgraded shares of Net 1 UEPS Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 price target for the company in a research note on Saturday, November 18th. TheStreet lowered shares of Net 1 UEPS Technologies from a “b-” rating to a “c+” rating in a research note on Thursday, October 19th. Finally, BidaskClub upgraded shares of Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $11.00.

Net 1 UEPS Technologies (NASDAQ:UEPS) opened at $12.28 on Wednesday. Net 1 UEPS Technologies has a 12-month low of $8.87 and a 12-month high of $13.81. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.33 and a current ratio of 1.35. The company has a market cap of $576.11, a price-to-earnings ratio of 6.29 and a beta of 0.75.

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). Net 1 UEPS Technologies had a return on equity of 13.06% and a net margin of 11.17%. The firm had revenue of $155.10 million for the quarter, compared to analyst estimates of $172.64 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. research analysts anticipate that Net 1 UEPS Technologies will post 1.58 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “ValuEngine Upgrades Net 1 UEPS Technologies, Inc. (UEPS) to “Strong-Buy”” was reported by Transcript Daily and is the property of of Transcript Daily. If you are reading this story on another website, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this story can be viewed at https://transcriptdaily.com/2017/11/24/valuengine-upgrades-net-1-ueps-technologies-inc-ueps-to-strong-buy.html.

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

A number of hedge funds have recently added to or reduced their stakes in the business. Los Angeles Capital Management & Equity Research Inc. increased its stake in Net 1 UEPS Technologies by 2.0% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 35,735 shares of the business services provider’s stock valued at $352,000 after purchasing an additional 690 shares during the last quarter. Morgan Stanley increased its stake in Net 1 UEPS Technologies by 0.4% during the first quarter. Morgan Stanley now owns 292,431 shares of the business services provider’s stock valued at $3,577,000 after purchasing an additional 1,269 shares during the last quarter. Credit Suisse AG increased its stake in Net 1 UEPS Technologies by 9.2% during the first quarter. Credit Suisse AG now owns 29,878 shares of the business services provider’s stock valued at $366,000 after purchasing an additional 2,505 shares during the last quarter. Tudor Investment Corp ET AL increased its stake in Net 1 UEPS Technologies by 8.3% during the second quarter. Tudor Investment Corp ET AL now owns 38,601 shares of the business services provider’s stock valued at $381,000 after purchasing an additional 2,943 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Net 1 UEPS Technologies by 12.1% during the second quarter. Goldman Sachs Group Inc. now owns 32,035 shares of the business services provider’s stock valued at $316,000 after purchasing an additional 3,448 shares during the last quarter. Hedge funds and other institutional investors own 56.42% of the company’s stock.

About Net 1 UEPS Technologies

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.

Receive News & Ratings for Net 1 UEPS Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Net 1 UEPS Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply