Net 1 UEPS Technologies (NASDAQ:UEPS) Earns Hold Rating from Analysts at StockNews.com


StockNews.com begun protection on shares of Internet 1 UEPS Technologies (NASDAQ:UEPSGet Score) in a exploration observe issued on Saturday. The company established a “hold” ranking on the business providers provider’s stock.

A selection of other analysts have also just lately weighed in on UEPS. TheStreet upgraded shares of Net 1 UEPS Systems from a “d+” rating to a “c” ranking in a research note on Monday, May well 23rd. B. Riley raised their goal selling price on shares of Net 1 UEPS Systems from $7.00 to $8.00 in a analysis notice on Friday, May 13th.

The inventory has a industry cap of $271.04 million, a P/E ratio of -9.54 and a beta of 1.23. The agency has a 50 working day shifting typical of $5.05 and a two-hundred day relocating common of $5.04. Web 1 UEPS Systems has a 52-7 days reduced of $3.84 and a 52-7 days higher of $6.97.

Internet 1 UEPS Technologies (NASDAQ:UEPSGet Rating) very last issued its quarterly earnings effects on Tuesday, May perhaps 10th. The business products and services service provider documented ($.07) earnings for every share for the quarter, hitting analysts’ consensus estimates of ($.07). The firm experienced profits of $35.20 million for the duration of the quarter, in contrast to analysts’ expectations of $32.31 million. Net 1 UEPS Technologies experienced a adverse web margin of 20.01% and a destructive return on equity of 10.59%. For the duration of the exact same quarter in the prior 12 months, the business attained ($.24) EPS. Analysts anticipate that Net 1 UEPS Systems will submit -.51 earnings for each share for the recent year.

In other information, Director Monde Nkosi bought 11,930 shares of Net 1 UEPS Systems inventory in a transaction dated Monday, March 21st. The stock was bought at an common rate of $4.98 per share, for a full transaction of $59,411.40. The order was disclosed in a doc submitted with the SEC, which is accessible by way of the SEC site. 2.70% of the stock is currently owned by corporation insiders.

Hedge cash and other institutional investors have not too long ago designed adjustments to their positions in the inventory. Veriti Management LLC obtained a new stake in shares of Internet 1 UEPS Technologies in the fourth quarter valued at about $66,000. Millennium Management LLC obtained a new stake in shares of Web 1 UEPS Technologies in the fourth quarter valued at about $69,000. Bank of The usa Corp DE lifted its stake in shares of Net 1 UEPS Technologies by 16.8% in the fourth quarter. Financial institution of America Corp DE now owns 16,336 shares of the business services provider’s inventory valued at $86,000 just after purchasing an extra 2,346 shares all through the period. Russell Investments Group Ltd. lifted its stake in shares of Web 1 UEPS Systems by 37.3% in the 1st quarter. Russell Investments Group Ltd. now owns 22,282 shares of the business services provider’s stock valued at $130,000 following buying an extra 6,051 shares for the duration of the period of time. Last but not least, Penserra Money Management LLC obtained a new stake in shares of Web 1 UEPS Technologies in the to start with quarter valued at about $188,000. Hedge resources and other institutional investors personal 47.06% of the company’s stock.

About Web 1 UEPS Technologies (Get Ranking)

Internet 1 UEPS Technologies, Inc, a money technological innovation enterprise, presents fintech goods and services to unbanked and underbanked people today and compact firms primarily in South Africa and internationally. The company develops payment systems to features fiscal and price -added expert services to its consumers.

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Frederic M. Kolodziej

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