Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Takes $237,000 Position in Net 1 UEPS Technologies Inc (UEPS)

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Net 1 UEPS Technologies Inc (NASDAQ:UEPS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,100 shares of the business services provider’s stock, valued at approximately $237,000.

Several other institutional investors and hedge funds have also recently modified their holdings of UEPS. BlackRock Inc. lifted 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. JPMorgan Chase & Co. lifted 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. GSA Capital Partners LLP lifted its stake in shares of Net 1 UEPS Technologies by 51.6% during the first quarter. GSA Capital Partners LLP now owns 135,317 shares of the business services provider’s stock valued at $1,280,000 after acquiring an additional 46,031 shares during the period. Firsthand Capital Management Inc. acquired a new position in shares of Net 1 UEPS Technologies during the first quarter valued at $284,000. Finally, Lyon Street Capital LLC lifted 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. 53.95% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Herman Kotze bought 12,000 shares of the business’s stock in a transaction on Wednesday, September 19th. The shares were purchased at an average price of $6.74 per share, with a total value of $80,880.00. Following the completion of the purchase, the chief executive officer now owns 481,000 shares of the company’s stock, valued at approximately $3,241,940. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Alfred T. Mockett bought 20,790 shares of the business’s stock in a transaction on Wednesday, June 27th. The stock was bought at an average cost of $8.63 per share, for a total transaction of $179,417.70. Following the purchase, the director now directly owns 17,639 shares of the company’s stock, valued at approximately $152,224.57. The disclosure for this purchase can be found here. Insiders acquired 52,790 shares of company stock worth $409,898 in the last three months. Insiders own 3.18% of the company’s stock.

Shares of UEPS opened at $7.68 on Tuesday. Net 1 UEPS Technologies Inc has a 12-month low of $5.90 and a 12-month high of $13.20. 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 firm has a market cap of $431.23 million, a PE ratio of 3.94 and a beta of 1.25.

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

Several equities analysts have recently issued reports on UEPS shares. Maxim Group cut their price target on Net 1 UEPS Technologies from $24.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, August 29th. Sidoti started coverage on Net 1 UEPS Technologies in a research note on Thursday, June 28th. They set a “buy” rating and a $18.00 price target on the stock. BidaskClub lowered Net 1 UEPS Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, June 21st. Finally, ValuEngine lowered Net 1 UEPS Technologies from a “hold” rating to a “sell” rating in a research note on Friday, June 8th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $15.50.

Net 1 UEPS Technologies Company 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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