Shares of the Net 1 UEPS Technologies Inc. (NASDAQ: UEPS) have received a consensus recommendation of "Hold" from the seven brokerages that cover the company, Marketbeat reports. Two research analysts assessed the shares with a sales recommendation, one issued a waiting proposal and three gave a purchase recommendation to the company. The average target price of 12 months between brokers who issued a report on the shares in the past year is $ 17.00.
UEPS has been the subject of several recent research reports. BidaskClub increased Net 1 UEPS Technologies from a & # 39; sell & # 39; credit to a & # 39; hold & # 39; rating in a study letter on Monday 14 May. ValuEngine reduced Net 1 UEPS technologies from a & # 39; hold & # 39; credit to a & # 39; sell & # 39; credit in a study letter on Friday 8 June. Maxim Group initiated coverage on Net 1 UEPS Technologies in a study letter on Monday 30 July. They gave a "buy" rating and a target price of $ 24.00 on the shares. Finally, Sidoti started coverage on Net 1 UEPS Technologies in a research note on Thursday, June 28. They gave a "buy" score and a target price of $ 18.00 on the shares.
In related news, director Alfred T. Mockett acquired 6,090 shares of the company's shares in a transaction on Monday, June 25th. The stock was purchased at an average price of $ 8.50 per share, for a total transaction of $ 51,765.00. After the acquisition, the director now holds directly 17,639 shares of the company's shares, valued at $ 149,931.50. The acquisition has been disclosed in a document filed with the Securities & Exchange Commission, which can be accessed via this link. Director Alfred T. Mockett also acquired 20,790 shares of the company's shares in a transaction dated on Wednesday, June 27th. The shares were purchased at an average price of $ 8.63 per share, with a total value of $ 179,417.70. After the acquisition, the director now holds 17,639 shares directly in the company, valued at $ 152,224.57. The information about this purchase can be found here. Business mixers own 3.18% of the company's shares.
Several hedge funds and other institutional investors have recently changed their positions in UEPS. Migdal Insurance & Financial Holdings Ltd. bought in the first quarter a new position in shares of Net 1 UEPS Technologies worth about $ 1,022,000. Virginia Retirement Systems ET AL increased its holdings in Net 1 UEPS Technologies by 24.5% in the first quarter. Virginia Retirement Systems ET ALLA now holds 134,600 shares from the business service provider worth $ 1,273,000 after the purchase of 26,500 additional shares during the period. Prescott Group Capital Management L.L.C. increased its shareholdings in Net 1 UEPS Technologies by 58.0% in the first quarter. Prescott Group Capital Management L.L.C. now owns 1,698,501 shares of the business service provider's shares worth $ 16,068,000 after the purchase of another 623,763 shares during the period. Thompson Siegel & Walmsley LLC acquired a new position in Net 1 UEPS Technologies in the first quarter of approximately $ 16,758,000. Finally, BlackRock Inc. has In the first quarter, participations in Net 1 UEPS Technologies increased by 9.3%. BlackRock Inc. now holds 118,052 shares of the business service provider's business valued at $ 1,116,000 after purchasing an additional 10,029 shares during the period. Institutional investors hold 53.65% of the company's shares.
Net 1 UEPS Technologies shares fell from $ 0.11 to $ 7.24 during mid-day trading. 1,122,632 shares of the company's shares were exchanged, compared with the average volume of 275,438. The company has a market capitalization of $ 417.94 million, a PE ratio of 3.79 and a beta of 0.87. Net 1 UEPS Technologies has a low point in the two weeks of $ 7.05 and a height of fifty-two weeks of $ 13.20. The company has a current ratio of 1.32, a quick ratio of 1.29 and a debt-to-equity ratio of 0.02.
Net 1 UEPS Technologies (NASDAQ: UEPS) last published its quarterly results on Wednesday, August 29th. The business service provider reported $ 0.21 earnings per share this quarter. The company's revenue was $ 149.19 million for the quarter. Net 1 UEPS Technologies had a return on equity of 14.28% and a net margin of 6.39%.
Net 1 UEPS Technologies Company profile
Net 1 UEPS Technologies, Inc offers payment solutions, transaction processing services and financial technologies for various industries in South Africa, South Korea and internationally. The company develops and sells transaction processing solutions that consist of the smart card-based alternative payment system for the non-bank and underloaded populations of emerging economies and for mobile transaction channels.
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