Net 1 UEPS Technologies (UEPS) Trading 5.8% Higher

Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) traded up 5.8% during mid-day trading on Tuesday . The company traded as high as $11.52 and last traded at $11.37. 988,002 shares changed hands during trading, an increase of 428% from the average session volume of 187,015 shares. The stock had previously closed at $10.75.

Several equities research analysts have recently weighed in on UEPS shares. ValuEngine raised Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 22nd. TheStreet raised Net 1 UEPS Technologies from a “c+” rating to a “b-” rating in a research report on Friday, December 1st. Sidoti assumed coverage on Net 1 UEPS Technologies in a research report on Monday, November 20th. They issued a “buy” rating for the company. Finally, Zacks Investment Research upgraded Net 1 UEPS Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 price target on the stock in a research note on Saturday, November 18th. One analyst has rated the stock with a sell rating, one has given a buy rating and two have given a strong buy rating to the stock. Net 1 UEPS Technologies presently has an average rating of “Buy” and an average target price of $11.00.

The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.05. The stock has a market cap of $621.08, a P/E ratio of 6.78 and a beta of 0.80.

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 transaction of $50,900.00. Following the sale, the director now directly owns 19,822 shares in the company, valued at approximately $201,787.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 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.

Institutional investors have recently made changes to their positions in the company. Marshall Wace North America L.P. bought a new position in Net 1 UEPS Technologies in the 2nd quarter worth approximately $107,000. Wedbush Securities Inc. bought a new position in Net 1 UEPS Technologies in the 3rd quarter worth approximately $117,000. Regal Investment Advisors LLC bought a new position in Net 1 UEPS Technologies in the 3rd quarter worth approximately $156,000. Nine Chapters Capital Management LLC bought a new position in Net 1 UEPS Technologies in the 3rd quarter worth approximately $190,000. Finally, Macquarie Group Ltd. bought a new position in Net 1 UEPS Technologies in the 3rd quarter worth approximately $244,000. Institutional investors and hedge funds own 56.14% of the company’s stock.

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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.

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