Maxim Group set a $18.00 target price on Net 1 UEPS Technologies (NASDAQ:UEPS) in a research report sent to investors on Friday morning. The firm currently has a buy rating on the business services provider’s stock.
Several other research firms have also issued reports on UEPS. ValuEngine upgraded shares of Net 1 UEPS Technologies from a strong sell rating to a sell rating in a research note on Thursday, August 2nd. BidaskClub lowered shares of Net 1 UEPS Technologies from a sell rating to a strong sell rating in a research report on Friday, August 17th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Net 1 UEPS Technologies has an average rating of Hold and an average price target of $15.50.
Shares of NASDAQ UEPS traded down $2.16 during trading on Friday, hitting $4.84. The stock had a trading volume of 3,411,023 shares, compared to its average volume of 357,701. Net 1 UEPS Technologies has a 12 month low of $4.43 and a 12 month high of $13.20. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.51 and a quick ratio of 1.47. The firm has a market cap of $381.92 million, a price-to-earnings ratio of 3.46 and a beta of 1.32.
Net 1 UEPS Technologies (NASDAQ:UEPS) last posted its earnings results on Thursday, November 8th. The business services provider reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.13). Net 1 UEPS Technologies had a return on equity of 13.96% and a net margin of 6.39%. The firm had revenue of $125.88 million during the quarter, compared to the consensus estimate of $145.03 million. During the same quarter in the previous year, the company earned $0.43 EPS. The business’s revenue was down 17.5% compared to the same quarter last year.
In related news, Director Christopher Stefan Seabrooke purchased 20,000 shares of Net 1 UEPS Technologies stock in a transaction that occurred on Thursday, September 20th. The stock was bought at an average price of $7.48 per share, for a total transaction of $149,600.00. Following the completion of the transaction, the director now owns 18,124 shares in the company, valued at $135,567.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Herman Kotze purchased 12,000 shares of Net 1 UEPS Technologies stock in a transaction that occurred on Wednesday, September 19th. The shares were bought at an average price of $6.74 per share, with a total value of $80,880.00. Following the transaction, the chief executive officer now owns 481,000 shares of the company’s stock, valued at approximately $3,241,940. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 33,036 shares of company stock valued at $238,064. 3.46% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Prescott Group Capital Management L.L.C. lifted its holdings in Net 1 UEPS Technologies by 52.7% during the third quarter. Prescott Group Capital Management L.L.C. now owns 2,899,089 shares of the business services provider’s stock valued at $23,193,000 after purchasing an additional 1,000,232 shares during the last quarter. Intrepid Capital Management Inc. lifted its holdings in Net 1 UEPS Technologies by 1.7% during the second quarter. Intrepid Capital Management Inc. now owns 2,219,019 shares of the business services provider’s stock valued at $20,149,000 after purchasing an additional 37,623 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in Net 1 UEPS Technologies by 8.9% during the third quarter. Thompson Siegel & Walmsley LLC now owns 1,230,326 shares of the business services provider’s stock valued at $9,843,000 after purchasing an additional 100,269 shares during the last quarter. Millennium Management LLC lifted its holdings in Net 1 UEPS Technologies by 224.3% during the second quarter. Millennium Management LLC now owns 700,170 shares of the business services provider’s stock valued at $6,358,000 after purchasing an additional 484,253 shares during the last quarter. Finally, Foundry Partners LLC purchased a new stake in Net 1 UEPS Technologies during the second quarter valued at about $5,216,000. 53.57% of the stock is currently owned by institutional investors and hedge funds.
About Net 1 UEPS Technologies
Net 1 UEPS Technologies, Inc provides payment solutions, transaction processing services, and financial technologies to various industries in South Africa, South Korea, and internationally. The company develops and markets transaction processing solutions that comprise 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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