California State Teachers Retirement System bought a new stake in shares of USA Technologies Inc. (NASDAQ:USAT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 75,170 shares of the company’s stock, valued at approximately $321,000. California State Teachers Retirement System owned 0.20% of USA Technologies as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of USAT. Perkins Capital Management Inc. boosted its position in shares of USA Technologies by 320.8% in the second quarter. Perkins Capital Management Inc. now owns 238,400 shares of the company’s stock valued at $1,018,000 after buying an additional 181,750 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of USA Technologies during the first quarter valued at about $743,000. Bank of New York Mellon Corp boosted its position in shares of USA Technologies by 154.3% in the second quarter. Bank of New York Mellon Corp now owns 103,597 shares of the company’s stock valued at $442,000 after buying an additional 62,854 shares during the last quarter. Royal Bank of Canada bought a new position in shares of USA Technologies during the first quarter valued at about $186,000. Finally, Geode Capital Management LLC boosted its position in shares of USA Technologies by 12.9% in the first quarter. Geode Capital Management LLC now owns 198,511 shares of the company’s stock valued at $865,000 after buying an additional 22,688 shares during the last quarter. Institutional investors and hedge funds own 43.80% of the company’s stock.
USA Technologies Inc. (NASDAQ:USAT) traded up 2.58% during mid-day trading on Monday, reaching $5.16. 53,114 shares of the company traded hands. The firm’s 50-day moving average is $5.27 and its 200 day moving average is $4.66. The stock’s market capitalization is $197.90 million. USA Technologies Inc. has a 52-week low of $2.55 and a 52-week high of $5.81.
USA Technologies (NASDAQ:USAT) last posted its quarterly earnings results on Tuesday, September 13th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.03. USA Technologies had a negative net margin of 8.79% and a negative return on equity of 1.46%. The business earned $21.90 million during the quarter. On average, equities research analysts expect that USA Technologies Inc. will post $0.02 earnings per share for the current year.
Separately, Zacks Investment Research cut shares of USA Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, September 15th.
USA Technologies Company Profile
USA Technologies, Inc provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale market. The Company is a provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other market segments, such as amusement, commercial laundry, kiosk and others.
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