Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) insider Philip Marc Belamant sold 8,363 shares of the business’s stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $8.90, for a total value of $74,430.70. Following the transaction, the insider now directly owns 30,934 shares in the company, valued at approximately $275,312.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Philip Marc Belamant also recently made the following trade(s):
- On Monday, September 12th, Philip Marc Belamant sold 1,119 shares of Net 1 UEPS Technologies stock. The stock was sold at an average price of $9.60, for a total value of $10,742.40.
Shares of Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) opened at 9.25 on Monday. Net 1 UEPS Technologies Inc. has a one year low of $8.44 and a one year high of $18.37. The stock’s 50 day moving average price is $9.81 and its 200-day moving average price is $10.17. The company has a market cap of $505.81 million, a PE ratio of 5.41 and a beta of 0.90.
Net 1 UEPS Technologies (NASDAQ:UEPS) last announced its quarterly earnings results on Thursday, August 25th. The company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.07. Net 1 UEPS Technologies had a net margin of 13.96% and a return on equity of 17.72%. The business had revenue of $151.30 million for the quarter, compared to analysts’ expectations of $161.90 million. During the same quarter last year, the firm earned $0.58 EPS. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. On average, analysts expect that Net 1 UEPS Technologies Inc. will post $1.70 EPS for the current year.
Institutional investors have recently made changes to their positions in the stock. Orbis Allan Gray Ltd acquired a new position in shares of Net 1 UEPS Technologies during the first quarter valued at $83,730,000. LPL Financial LLC boosted its position in shares of Net 1 UEPS Technologies by 38.6% in the first quarter. LPL Financial LLC now owns 287,270 shares of the company’s stock valued at $2,588,000 after buying an additional 80,000 shares during the last quarter. Oxford Asset Management acquired a new position in shares of Net 1 UEPS Technologies during the second quarter valued at $2,657,000. Boothbay Fund Management LLC acquired a new position in shares of Net 1 UEPS Technologies during the first quarter valued at $124,000. Finally, International Value Advisers LLC boosted its position in shares of Net 1 UEPS Technologies by 3.5% in the first quarter. International Value Advisers LLC now owns 7,377,647 shares of the company’s stock valued at $67,874,000 after buying an additional 246,704 shares during the last quarter. 67.74% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research downgraded Net 1 UEPS Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, September 1st.
About Net 1 UEPS Technologies
Net 1 UEPS Technologies, Inc is South Africa-based a provider of payment solutions and transaction processing services across a range of industries and in various geographies. The Company operates in four segments: Smart card accounts, International transaction-based activities, financial services and Hardware, software and related technology sales.
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