Woodmont Investment Counsel LLC Lowers Stake in Net 1 UEPS Technologies, Inc. (UEPS)

Woodmont Investment Counsel LLC lowered its position in shares of Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) by 24.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,728 shares of the business services provider’s stock after selling 24,831 shares during the period. Woodmont Investment Counsel LLC owned 0.15% of Net 1 UEPS Technologies worth $926,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Acadian Asset Management LLC raised its position in shares of Net 1 UEPS Technologies by 32.2% in the first quarter. Acadian Asset Management LLC now owns 1,562,033 shares of the business services provider’s stock valued at $19,105,000 after buying an additional 380,603 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of Net 1 UEPS Technologies by 40.7% in the first quarter. Schroder Investment Management Group now owns 634,629 shares of the business services provider’s stock valued at $7,774,000 after buying an additional 183,615 shares during the period. Renaissance Technologies LLC increased its stake in shares of Net 1 UEPS Technologies by 11.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,582,700 shares of the business services provider’s stock valued at $18,169,000 after buying an additional 160,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Net 1 UEPS Technologies by 16.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,057,816 shares of the business services provider’s stock valued at $9,055,000 after buying an additional 148,960 shares during the period. Finally, Allianz Asset Management AG increased its stake in shares of Net 1 UEPS Technologies by 381.7% in the fourth quarter. Allianz Asset Management AG now owns 164,187 shares of the business services provider’s stock valued at $1,885,000 after buying an additional 130,103 shares during the last quarter. Hedge funds and other institutional investors own 57.22% of the company’s stock.

Institutional Ownership by Quarter for Net 1 UEPS Technologies (NASDAQ:UEPS)

Net 1 UEPS Technologies, Inc. (UEPS) traded down 0.73% during mid-day trading on Tuesday, reaching $9.49. The company had a trading volume of 55,783 shares. The stock has a market cap of $537.94 million, a PE ratio of 5.81 and a beta of 0.74. Net 1 UEPS Technologies, Inc. has a 12 month low of $8.37 and a 12 month high of $13.81. The firm’s 50-day moving average price is $9.78 and its 200-day moving average price is $11.52.

Net 1 UEPS Technologies (NASDAQ:UEPS) last issued its earnings results on Thursday, May 4th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.03. Net 1 UEPS Technologies had a net margin of 14.19% and a return on equity of 15.31%. The business had revenue of $147.90 million during the quarter, compared to the consensus estimate of $156 million. During the same period last year, the business posted $0.43 EPS. Net 1 UEPS Technologies’s revenue was up 9.8% on a year-over-year basis. Equities research analysts forecast that Net 1 UEPS Technologies, Inc. will post $1.78 EPS for the current fiscal year.

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A number of analysts have recently commented on UEPS shares. TheStreet downgraded Net 1 UEPS Technologies from a “b” rating to a “c+” rating in a research note on Thursday, May 4th. Zacks Investment Research cut Net 1 UEPS Technologies from a “buy” rating to a “hold” rating in a report on Friday, June 9th.

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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