UBS Asset Management Americas Inc. increased its stake in Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) by 81.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,242 shares of the business services provider’s stock after buying an additional 11,744 shares during the period. UBS Asset Management Americas Inc. owned about 0.05% of Net 1 UEPS Technologies worth $321,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN bought a new stake in Net 1 UEPS Technologies during the first quarter valued at $205,000. Nationwide Fund Advisors bought a new stake in Net 1 UEPS Technologies during the first quarter valued at $209,000. Gargoyle Investment Advisor L.L.C. increased its stake in Net 1 UEPS Technologies by 146.6% in the first quarter. Gargoyle Investment Advisor L.L.C. now owns 28,852 shares of the business services provider’s stock valued at $353,000 after buying an additional 17,152 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Net 1 UEPS Technologies during the first quarter valued at $357,000. Finally, Swiss National Bank increased 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 valued at $1,101,000 after buying an additional 10,900 shares during the last quarter. 57.26% of the stock is owned by institutional investors.
Shares of Net 1 UEPS Technologies, Inc. (NASDAQ UEPS) opened at 9.84 on Friday. The company has a market cap of $557.78 million, a P/E ratio of 6.02 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. The company’s 50 day moving average is $9.86 and its 200-day moving average is $11.16.
Net 1 UEPS Technologies (NASDAQ:UEPS) last announced its quarterly earnings results on Thursday, May 4th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The firm had revenue of $147.90 million for the quarter, compared to the consensus estimate of $156 million. Net 1 UEPS Technologies had a return on equity of 15.31% and a net margin of 14.19%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. Analysts expect that Net 1 UEPS Technologies, Inc. will post $1.78 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This piece was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece on another site, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The original version of this piece can be read at https://stocknewstimes.com/2017/07/29/net-1-ueps-technologies-inc-ueps-shares-bought-by-ubs-asset-management-americas-inc.html.
A number of equities research analysts recently weighed in on UEPS shares. Zacks Investment Research raised shares of Net 1 UEPS Technologies from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Saturday, June 10th. TheStreet downgraded shares of Net 1 UEPS Technologies from a “b” rating to a “c+” rating in a research report on Thursday, May 4th. Finally, BidaskClub downgraded shares of Net 1 UEPS Technologies from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th.
About Net 1 UEPS Technologies
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.
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.
