Net 1 UEPS Technologies (UEPS) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP boosted its holdings in Net 1 UEPS Technologies (NASDAQ:UEPS) by 73.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 323,635 shares of the business services provider’s stock after acquiring an additional 136,900 shares during the quarter. Two Sigma Advisers LP’s holdings in Net 1 UEPS Technologies were worth $3,848,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Prudential Financial Inc. acquired a new stake in Net 1 UEPS Technologies in the third quarter valued at about $466,000. Schroder Investment Management Group boosted its stake in Net 1 UEPS Technologies by 22.8% in the fourth quarter. Schroder Investment Management Group now owns 46,900 shares of the business services provider’s stock valued at $558,000 after buying an additional 8,700 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Net 1 UEPS Technologies by 1,164.5% in the third quarter. JPMorgan Chase & Co. now owns 27,603 shares of the business services provider’s stock valued at $269,000 after buying an additional 25,420 shares in the last quarter. Prescott Group Capital Management L.L.C. raised its position in Net 1 UEPS Technologies by 2.3% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 1,074,738 shares of the business services provider’s stock valued at $12,779,000 after purchasing an additional 23,933 shares during the last quarter. Finally, Swiss National Bank raised its position in Net 1 UEPS Technologies by 12.4% in the fourth quarter. Swiss National Bank now owns 101,192 shares of the business services provider’s stock valued at $1,203,000 after purchasing an additional 11,200 shares during the last quarter. 56.42% of the stock is currently owned by institutional investors and hedge funds.

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In related news, CEO Herman Kotze acquired 6,000 shares of the stock in a transaction dated Thursday, February 15th. The stock was bought at an average cost of $9.85 per share, for a total transaction of $59,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher Stefan Seabrooke acquired 60,821 shares of the stock in a transaction dated Wednesday, February 28th. The shares were bought at an average price of $10.75 per share, with a total value of $653,825.75. The disclosure for this purchase can be found here. Insiders acquired 195,500 shares of company stock valued at $2,036,511 over the last quarter. Corporate insiders own 3.18% of the company’s stock.

Net 1 UEPS Technologies stock opened at $9.46 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.30 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $537.63, a price-to-earnings ratio of 5.60 and a beta of 0.81. Net 1 UEPS Technologies has a 12 month low of $8.87 and a 12 month high of $13.20.

Net 1 UEPS Technologies (NASDAQ:UEPS) last posted its earnings results on Thursday, February 8th. The business services provider reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $148.40 million during the quarter, compared to the consensus estimate of $148.50 million. Net 1 UEPS Technologies had a return on equity of 12.30% and a net margin of 9.73%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the company earned $0.43 earnings per share. research analysts anticipate that Net 1 UEPS Technologies will post 1.64 EPS for the current year.

Several research firms have commented on UEPS. Robert W. Baird dropped their target price on Net 1 UEPS Technologies from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, February 9th. ValuEngine upgraded Net 1 UEPS Technologies from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Zacks Investment Research upgraded Net 1 UEPS Technologies from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Friday, March 16th. TheStreet downgraded Net 1 UEPS Technologies from a “b-” rating to a “c” rating in a research report on Monday, February 12th. Finally, BidaskClub downgraded Net 1 UEPS Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $13.00.

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Net 1 UEPS Technologies Profile

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

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