Net 1 UEPS Technologies Inc (NASDAQ:UEPS) Director Paul Edwards Sells 9,000 Shares

Net 1 UEPS Technologies Inc (NASDAQ:UEPS) Director Paul Edwards sold 9,000 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $11.36, for a total transaction of $102,240.00. Following the completion of the sale, the director now directly owns 10,822 shares of the company’s stock, valued at approximately $122,937.92. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Paul Edwards also recently made the following trade(s):

  • On Wednesday, September 20th, Paul Edwards sold 5,000 shares of Net 1 UEPS Technologies stock. The shares were sold at an average price of $10.18, for a total transaction of $50,900.00.

Net 1 UEPS Technologies Inc (UEPS) traded up $0.04 during trading hours on Thursday, hitting $12.17. 496,596 shares of the stock traded hands, compared to its average volume of 625,212. Net 1 UEPS Technologies Inc has a 12-month low of $8.87 and a 12-month high of $13.81. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.33 and a current ratio of 1.35. The stock has a market cap of $692.81, a PE ratio of 10.06 and a beta of 0.77.

Several brokerages have weighed in on UEPS. BidaskClub raised shares of Net 1 UEPS Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. TheStreet raised shares of Net 1 UEPS Technologies from a “c+” rating to a “b-” rating in a research report on Friday, December 1st. ValuEngine raised shares of Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Sidoti started coverage on shares of Net 1 UEPS Technologies in a research report on Monday, November 20th. They set a “buy” rating for the company. Finally, Zacks Investment Research raised shares of Net 1 UEPS Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 target price for the company in a research report on Saturday, November 18th. One research analyst has rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. Net 1 UEPS Technologies presently has a consensus rating of “Buy” and an average target price of $11.00.

Large investors have recently bought and sold shares of the company. Prudential Financial Inc. purchased a new stake in shares of Net 1 UEPS Technologies in the 3rd quarter worth about $466,000. Seizert Capital Partners LLC increased its stake in shares of Net 1 UEPS Technologies by 38.7% in the 2nd quarter. Seizert Capital Partners LLC now owns 380,733 shares of the business services provider’s stock worth $3,754,000 after acquiring an additional 106,193 shares in the last quarter. Woodmont Investment Counsel LLC increased its stake in shares of Net 1 UEPS Technologies by 28.9% in the 2nd quarter. Woodmont Investment Counsel LLC now owns 97,601 shares of the business services provider’s stock worth $962,000 after acquiring an additional 21,873 shares in the last quarter. ETF Managers Group LLC bought a new position in shares of Net 1 UEPS Technologies in the 2nd quarter worth about $540,000. Finally, AHL Partners LLP increased its stake in shares of Net 1 UEPS Technologies by 135.4% in the 2nd quarter. AHL Partners LLP now owns 81,220 shares of the business services provider’s stock worth $801,000 after acquiring an additional 46,721 shares in the last quarter. 56.12% of the stock is owned by hedge funds and other institutional investors.

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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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