Net 1 UEPS Technologies Inc (NASDAQ:UEPS) CEO Herman Kotze purchased 12,000 shares of the stock in a transaction dated Wednesday, September 19th. The shares were purchased at an average cost of $6.74 per share, for a total transaction of $80,880.00. Following the transaction, the chief executive officer now owns 481,000 shares in the company, valued at approximately $3,241,940. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

UEPS traded down $0.07 on Friday, hitting $6.93. The company had a trading volume of 195,466 shares, compared to its average volume of 346,172. The firm has a market cap of $450.96 million, a P/E 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. The company has a current ratio of 1.51, a quick ratio of 1.47 and a debt-to-equity ratio of 0.01.

Net 1 UEPS Technologies (NASDAQ:UEPS) last issued its quarterly earnings results on Wednesday, August 29th. The business services provider reported $0.21 earnings per share (EPS) for the quarter. The company 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%.

Several research analysts have recently weighed in on UEPS shares. Maxim Group set a $24.00 price target on shares of Net 1 UEPS Technologies and gave the company a “buy” rating in a research report on Thursday, August 23rd. Sidoti started coverage on shares of Net 1 UEPS Technologies in a report on Thursday, June 28th. They issued a “buy” rating and a $18.00 price objective on the stock. BidaskClub upgraded shares of Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a report on Friday, September 21st. Finally, ValuEngine lowered shares of Net 1 UEPS Technologies from a “sell” rating to a “strong sell” rating in a report on Thursday, June 21st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Net 1 UEPS Technologies currently has an average rating of “Hold” and a consensus target price of $15.50.

Large investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in 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 worth $1,116,000 after purchasing an additional 10,029 shares during the period. Daiwa SB Investments Ltd. increased its stake in 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 worth $3,386,000 after purchasing an additional 151,963 shares during the period. JPMorgan Chase & Co. increased its stake in 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 worth $675,000 after purchasing an additional 13,299 shares during the period. Lyon Street Capital LLC increased its stake in 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 worth $2,358,000 after purchasing an additional 77,400 shares during the period. Finally, Paloma Partners Management Co purchased a new stake in Net 1 UEPS Technologies during the second quarter worth about $233,000. Institutional investors own 53.95% of the company’s stock.

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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Insider Buying and Selling by Quarter for Net 1 UEPS Technologies (NASDAQ:UEPS)

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