USA Technologies, Inc. (USAT) Receives Average Recommendation of “Buy” from Analysts

Shares of USA Technologies, Inc. (NASDAQ:USAT) have been given an average rating of “Buy” by the six research firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $15.50.

USAT has been the subject of several research reports. Zacks Investment Research cut shares of USA Technologies from a “buy” rating to a “hold” rating in a research note on Thursday. ValuEngine cut shares of USA Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 28th. Finally, BidaskClub cut shares of USA Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, August 23rd.

Shares of NASDAQ USAT traded down $0.26 during mid-day trading on Friday, hitting $5.58. The company had a trading volume of 752,000 shares, compared to its average volume of 756,115. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.34. USA Technologies has a 12 month low of $5.32 and a 12 month high of $16.83. The stock has a market cap of $354.01 million, a PE ratio of 84.29 and a beta of 0.93.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its stake in USA Technologies by 2.9% during the first quarter. Northern Trust Corp now owns 559,612 shares of the technology company’s stock worth $5,037,000 after purchasing an additional 15,954 shares during the period. BlackRock Inc. lifted its stake in USA Technologies by 33.7% during the first quarter. BlackRock Inc. now owns 3,118,797 shares of the technology company’s stock worth $28,070,000 after purchasing an additional 785,778 shares during the period. JPMorgan Chase & Co. lifted its stake in USA Technologies by 156.4% during the first quarter. JPMorgan Chase & Co. now owns 336,268 shares of the technology company’s stock worth $3,027,000 after purchasing an additional 205,131 shares during the period. California Public Employees Retirement System lifted its stake in USA Technologies by 33.1% during the first quarter. California Public Employees Retirement System now owns 178,333 shares of the technology company’s stock worth $1,605,000 after purchasing an additional 44,333 shares during the period. Finally, Allianz Asset Management GmbH lifted its stake in USA Technologies by 127.7% during the first quarter. Allianz Asset Management GmbH now owns 1,450,659 shares of the technology company’s stock worth $13,056,000 after purchasing an additional 813,622 shares during the period. Institutional investors and hedge funds own 74.08% of the company’s stock.

About USA Technologies

USA Technologies, Inc provides wireless networking, cashless transactions, asset monitoring, and other value-added services in the United States and internationally. It designs and markets systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (M2M) services.

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