Net 1 UEPS Technologies Inc (UEPS) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in shares of Net 1 UEPS Technologies Inc (NASDAQ:UEPS) by 40.8% during the second quarter, HoldingsChannel.com reports. The fund owned 306,447 shares of the business services provider’s stock after selling 210,886 shares during the period. Bank of New York Mellon Corp’s holdings in Net 1 UEPS Technologies were worth $2,782,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of UEPS. JPMorgan Chase & Co. increased its stake in shares of Net 1 UEPS Technologies by 22.9% during the first quarter. JPMorgan Chase & Co. now owns 71,369 shares of the business services provider’s stock valued at $675,000 after acquiring an additional 13,299 shares during the period. BlackRock Inc. increased its stake in shares of Net 1 UEPS Technologies by 9.3% during the first quarter. BlackRock Inc. now owns 118,052 shares of the business services provider’s stock valued at $1,116,000 after acquiring an additional 10,029 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Net 1 UEPS Technologies by 98.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 214,009 shares of the business services provider’s stock valued at $1,943,000 after acquiring an additional 105,926 shares during the period. Lyon Street Capital LLC increased its stake in shares of Net 1 UEPS Technologies by 45.0% during the first quarter. Lyon Street Capital LLC now owns 249,268 shares of the business services provider’s stock valued at $2,358,000 after acquiring an additional 77,400 shares during the period. Finally, Daiwa SB Investments Ltd. increased its stake in shares of Net 1 UEPS Technologies by 68.8% during the second quarter. Daiwa SB Investments Ltd. now owns 372,897 shares of the business services provider’s stock valued at $3,386,000 after acquiring an additional 151,963 shares during the period. Institutional investors and hedge funds own 53.95% of the company’s stock.

In other Net 1 UEPS Technologies news, CEO Herman Kotze purchased 12,000 shares of the firm’s stock in a transaction on Wednesday, September 19th. The shares were purchased at an average price of $6.74 per share, for a total transaction of $80,880.00. Following the completion of the transaction, the chief executive officer now owns 481,000 shares in the company, valued at approximately $3,241,940. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher Stefan Seabrooke purchased 20,000 shares of the firm’s stock in a transaction on Thursday, September 20th. The stock was acquired at an average price of $7.48 per share, for a total transaction of $149,600.00. Following the transaction, the director now owns 18,124 shares of the company’s stock, valued at approximately $135,567.52. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 33,036 shares of company stock worth $238,064. 3.18% of the stock is currently owned by company insiders.

Net 1 UEPS Technologies stock opened at $7.60 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 1.47 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $450.96 million, a price-to-earnings ratio of 4.12 and a beta of 1.19. Net 1 UEPS Technologies Inc has a 1 year low of $5.90 and a 1 year high of $13.20.

Net 1 UEPS Technologies (NASDAQ:UEPS) last posted its quarterly earnings results on Wednesday, August 29th. The business services provider reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $149.19 million for the quarter. Net 1 UEPS Technologies had a net margin of 6.39% and a return on equity of 13.96%.

A number of research firms recently commented on UEPS. BidaskClub lowered shares of Net 1 UEPS Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, June 21st. ValuEngine lowered shares of Net 1 UEPS Technologies from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 21st. Sidoti began coverage on shares of Net 1 UEPS Technologies in a research note on Thursday, June 28th. They set a “buy” rating and a $18.00 price objective on the stock. Finally, Maxim Group reiterated a “buy” rating and set a $18.00 price objective on shares of Net 1 UEPS Technologies in a research note on Thursday, September 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $15.50.

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.

Recommended Story: Hedge Funds

Want to see what other hedge funds are holding UEPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Net 1 UEPS Technologies Inc (NASDAQ:UEPS).

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

Receive News & Ratings for Net 1 UEPS Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Net 1 UEPS Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply