Net 1 UEPS Technologies (UEPS) Raised to Buy at ValuEngine

ValuEngine upgraded shares of Net 1 UEPS Technologies (NASDAQ:UEPS) from a hold rating to a buy rating in a report published on Monday, April 1st, ValuEngine reports.

UEPS has been the topic of several other research reports. B. Riley began coverage on shares of Net 1 UEPS Technologies in a report on Friday, January 18th. They issued a buy rating and a $10.00 target price on the stock. Maxim Group dropped their target price on shares of Net 1 UEPS Technologies to $7.00 and set a positive rating on the stock in a report on Monday, February 11th. BidaskClub lowered shares of Net 1 UEPS Technologies from a hold rating to a sell rating in a report on Friday, January 25th. Finally, Zacks Investment Research lowered shares of Net 1 UEPS Technologies from a hold rating to a sell rating in a report on Saturday, March 23rd. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the company. The company has an average rating of Hold and an average target price of $11.67.

Shares of NASDAQ:UEPS remained flat at $$3.55 during mid-day trading on Monday. 197,600 shares of the stock were exchanged, compared to its average volume of 495,712. The firm has a market capitalization of $202.33 million, a price-to-earnings ratio of 1.81 and a beta of 0.83. The company has a current ratio of 1.33, a quick ratio of 1.29 and a debt-to-equity ratio of 0.01. Net 1 UEPS Technologies has a 52 week low of $2.78 and a 52 week high of $10.71.

Net 1 UEPS Technologies (NASDAQ:UEPS) last released its earnings results on Thursday, February 7th. The business services provider reported ($1.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.88). The firm had revenue of $97.15 million during the quarter, compared to analyst estimates of $116.64 million. Net 1 UEPS Technologies had a negative net margin of 11.05% and a positive return on equity of 0.19%. Net 1 UEPS Technologies’s quarterly revenue was down 34.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 EPS. Research analysts anticipate that Net 1 UEPS Technologies will post -1.07 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc raised its holdings in shares of Net 1 UEPS Technologies by 1,166.0% during the fourth quarter. IFP Advisors Inc now owns 12,660 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 11,660 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Net 1 UEPS Technologies during the third quarter valued at about $156,000. Ramsey Quantitative Systems raised its holdings in shares of Net 1 UEPS Technologies by 33.7% during the fourth quarter. Ramsey Quantitative Systems now owns 21,995 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 5,545 shares during the period. United Services Automobile Association increased its position in shares of Net 1 UEPS Technologies by 69.0% during the fourth quarter. United Services Automobile Association now owns 28,867 shares of the business services provider’s stock worth $135,000 after acquiring an additional 11,781 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Net 1 UEPS Technologies by 288.4% during the third quarter. Tower Research Capital LLC TRC now owns 30,898 shares of the business services provider’s stock worth $247,000 after acquiring an additional 22,943 shares in the last quarter. Hedge funds and other institutional investors own 56.16% of the company’s stock.

About Net 1 UEPS Technologies

Net 1 UEPS Technologies, Inc provides transaction processing services, financial inclusion products and services, and secure payment technologies in South Africa, the Republic of Korea, and internationally. The company develops and markets transaction processing solutions, including smart card-based alternative payment systems for the unbanked and under-banked populations of developing economies and for mobile transaction channels.

Featured Article: Correction

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

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.