Net 1 UEPS Technologies (UEPS) Raised to “Strong-Buy” at ValuEngine

ValuEngine upgraded shares of Net 1 UEPS Technologies (NASDAQ:UEPS) from a buy rating to a strong-buy rating in a report issued on Friday.

UEPS has been the topic of several other reports. Zacks Investment Research raised Net 1 UEPS Technologies from a hold rating to a strong-buy rating and set a $11.00 price target on the stock in a research note on Saturday, November 18th. TheStreet raised Net 1 UEPS Technologies from a c rating to a b- rating in a research note on Tuesday, September 26th. Sidoti began coverage on Net 1 UEPS Technologies in a research note on Monday, November 20th. They issued a buy rating on the stock. Finally, BidaskClub raised Net 1 UEPS Technologies from a strong sell rating to a sell rating in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, one has issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $11.00.

Shares of Net 1 UEPS Technologies (NASDAQ:UEPS) opened at $10.94 on Friday. The firm has a market capitalization of $622.79, a price-to-earnings ratio of 7.09 and a beta of 0.80. Net 1 UEPS Technologies has a 12 month low of $8.87 and a 12 month high of $13.81. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.05.

In other news, Director Paul Edwards sold 5,000 shares of the stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $10.18, for a total value of $50,900.00. Following the sale, the director now directly owns 19,822 shares of the company’s stock, valued at $201,787.96. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Christopher Stefan Seabrooke sold 24,533 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $9.83, for a total value of $241,159.39. Following the completion of the sale, the director now directly owns 18,124 shares in the company, valued at $178,158.92. The disclosure for this sale can be found here. 3.18% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UEPS. Morgan Stanley grew its stake in shares of Net 1 UEPS Technologies by 0.4% in the first quarter. Morgan Stanley now owns 292,431 shares of the business services provider’s stock worth $3,577,000 after acquiring an additional 1,269 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Net 1 UEPS Technologies by 17.7% in the first quarter. Bank of America Corp DE now owns 50,800 shares of the business services provider’s stock worth $621,000 after acquiring an additional 7,634 shares during the last quarter. Credit Suisse AG grew its stake in shares of Net 1 UEPS Technologies by 9.2% in the first quarter. Credit Suisse AG now owns 29,878 shares of the business services provider’s stock worth $366,000 after acquiring an additional 2,505 shares during the last quarter. Spark Investment Management LLC grew its stake in shares of Net 1 UEPS Technologies by 23.8% in the second quarter. Spark Investment Management LLC now owns 127,600 shares of the business services provider’s stock worth $1,258,000 after acquiring an additional 24,500 shares during the last quarter. Finally, Wedge Capital Management L L P NC grew its stake in shares of Net 1 UEPS Technologies by 40.7% in the second quarter. Wedge Capital Management L L P NC now owns 114,800 shares of the business services provider’s stock worth $1,132,000 after acquiring an additional 33,200 shares during the last quarter. 56.14% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Net 1 UEPS Technologies (UEPS) Raised to “Strong-Buy” at ValuEngine” was originally published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://www.chaffeybreeze.com/2017/12/05/net-1-ueps-technologies-ueps-raised-to-strong-buy-at-valuengine.html.

Net 1 UEPS Technologies Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

Latest News

Leave a Reply