Fmr LLC increased its position in Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) by 1.4% during the first quarter, Holdings Channel reports. The fund owned 591,400 shares of the business services provider’s stock after buying an additional 8,400 shares during the period. Fmr LLC’s holdings in Net 1 UEPS Technologies were worth $7,233,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the company. Schroder Investment Management Group boosted its stake in Net 1 UEPS Technologies by 40.7% in the first quarter. Schroder Investment Management Group now owns 634,629 shares of the business services provider’s stock worth $7,774,000 after buying an additional 183,615 shares during the last quarter. Swiss National Bank boosted its stake in Net 1 UEPS Technologies by 13.8% in the first quarter. Swiss National Bank now owns 89,992 shares of the business services provider’s stock worth $1,101,000 after buying an additional 10,900 shares during the last quarter. Brandes Investment Partners LP bought a new stake in Net 1 UEPS Technologies during the first quarter worth $218,000. Trexquant Investment LP boosted its stake in Net 1 UEPS Technologies by 38.5% in the first quarter. Trexquant Investment LP now owns 14,400 shares of the business services provider’s stock worth $176,000 after buying an additional 4,000 shares during the last quarter. Finally, Hosking Partners LLP boosted its stake in Net 1 UEPS Technologies by 10.0% in the first quarter. Hosking Partners LLP now owns 245,367 shares of the business services provider’s stock worth $3,001,000 after buying an additional 22,286 shares during the last quarter. 57.26% of the stock is currently owned by institutional investors.
Shares of Net 1 UEPS Technologies, Inc. (NASDAQ UEPS) opened at 9.91 on Friday. The firm’s 50-day moving average is $9.86 and its 200-day moving average is $11.18. The firm has a market cap of $561.75 million, a PE ratio of 6.06 and a beta of 0.78. Net 1 UEPS Technologies, Inc. has a 12-month low of $8.37 and a 12-month high of $13.81.
Net 1 UEPS Technologies (NASDAQ:UEPS) last issued its earnings results on Thursday, May 4th. The business services provider reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.03. Net 1 UEPS Technologies had a return on equity of 15.31% and a net margin of 14.19%. The firm had revenue of $147.90 million for the quarter, compared to analyst estimates of $156 million. During the same period last year, the company earned $0.43 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities analysts expect that Net 1 UEPS Technologies, Inc. will post $1.78 earnings per share for the current fiscal year.
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A number of analysts have weighed in on UEPS shares. BidaskClub cut shares of Net 1 UEPS Technologies from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. Zacks Investment Research cut shares of Net 1 UEPS Technologies from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, TheStreet cut shares of Net 1 UEPS Technologies from a “b” rating to a “c+” rating in a report on Thursday, May 4th.
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.
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