Filings Flow: Usa Technologies Inc: Legion Partners Asset Management Opened Big New Position

Filings Flow: Usa Technologies Inc: Legion Partners Asset Management Opened Big New Position

The New Legion Partners Asset Management Holding in Usa Technologies Inc

Legion Partners Asset Management filed with the SEC SC 13D/A form for Usa Technologies Inc. The form can be accessed here: 000156020716000020. As reported in Legion Partners Asset Management’s form, the filler as of late owns 9.94% or 44,250 shares of the Information Technology–company.

Usa Technologies Inc stake is a new one for the and it was filed because of activity on November 4, 2016. We feel this shows Legion Partners Asset Management’s positive view for the stock.

Usa Technologies Inc Institutional Sentiment

Latest Security and Exchange filings show 52 investors own Usa Technologies Inc. The institutional ownership in Q3 2015 is high, at 18.57% of the outstanding shares. This is decreased by 2805988 the total institutional shares. 7122836 were the shares owned by these institutional investors. In total 5 funds opened new Usa Technologies Inc stakes, 16 increased stakes. There were 7 that closed positions and 15 reduced them.

First Wilshire Securities Management Inc is an institutional investor bullish on Usa Technologies Inc, owning 90500 shares as of Q3 2015 for 0.06% of its portfolio. Perkins Capital Management Inc owns 94150 shares or 0.26% of its portfolio. WI 1492 Capital Management Llc have 0.64% of their stock portfolio for 359065 shares. Further, Paragon Capital Management Ltd reported stake worth 0.02% of its US stock portfolio. The NC Keane Capital Management Inc owns 271283 shares. Usa Technologies Inc is 0.89% of the manager’s US portfolio.

Business Profile

USA Technologies, Inc. provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale (POS) 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 unattended market segments, such as amusement, commercial laundry, kiosk and others. It has designed and marketed systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (M2M) services, which include the ability to remotely monitor, control and report on the results of distributed assets containing its electronic payment solutions. The Company derives its revenues from license and transaction fees resulting from connections to, as well as services provided by, its ePort Connect service.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment decreased to 1.05 in 2016 Q2. Its down 0.31, from 1.36 in 2016Q1. The ratio worsened, as 21 funds sold all USA Technologies, Inc. shares owned while 22 reduced positions. 24 funds bought stakes while 21 increased positions. They now own 13.74 million shares or 18.36% more from 11.61 million shares in 2016Q1.

Strs Ohio holds 0% of its portfolio in USA Technologies, Inc. (NASDAQ:USAT) for 11,900 shares. Us Bancorp De holds 0% or 19,375 shares in its portfolio. Savings Bank Of America Corporation De has invested 0% of its portfolio in USA Technologies, Inc. (NASDAQ:USAT). The Germany-based Allianz Asset Mngmt Ag has invested 0% in USA Technologies, Inc. (NASDAQ:USAT). Tfs Capital Ltd Liability Corporation has 10,636 shares for 0.01% of their US portfolio. Blackrock Fund, a California-based fund reported 937,399 shares. Monarch Prtnrs Asset Management Ltd Liability Com has invested 0.03% of its portfolio in USA Technologies, Inc. (NASDAQ:USAT). Bnp Paribas Arbitrage Sa last reported 0% of its portfolio in the stock. First Wilshire Securities last reported 0.08% of its portfolio in the stock. Wells Fargo Mn holds 577,559 shares or 0% of its portfolio. The Arizona-based Tci Wealth Advsr has invested 0% in USA Technologies, Inc. (NASDAQ:USAT). Credit Suisse Ag has 0% invested in the company for 14,959 shares. Thomson Horstmann & Bryant accumulated 552,839 shares or 0.31% of the stock. Css Ltd Liability Corp Il accumulated 0% or 10,689 shares. Invesco Ltd holds 0% or 12,960 shares in its portfolio.

Insider Transactions: Since September 14, 2016, the stock had 1 insider buy, and 0 insider sales for $4,910 net activity. Reilly William J. Jr. bought 1,000 shares worth $4,910.

The stock increased 3.61% or $0.15 during the last trading session, hitting $4.3. About 186,307 shares traded hands. USA Technologies, Inc. (NASDAQ:USAT) has declined 5.03% since April 4, 2016 and is downtrending. It has underperformed by 6.12% the S&P500.

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 has a market cap of $152.09 million. The Firm is a well-known provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other unattended market divisions, such as amusement, commercial laundry, kiosk and others. It currently has negative earnings. It has designed and marketed systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (M2M) services, which include the ability to remotely monitor, control and report on the results of distributed assets containing its electronic payment solutions.

USA Technologies, Inc. (NASDAQ:USAT) Ratings Coverage

Out of 2 analysts covering USA Tech (NASDAQ:USAT), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $4.50 is the highest target while $4 is the lowest. The $4.25 average target is -1.16% below today’s ($4.3) stock price. USA Tech has been the topic of 2 analyst reports since September 14, 2015 according to StockzIntelligence Inc. Northland Capital maintained the stock with “Outperform” rating in Monday, November 16 report. The rating was upgraded by Barrington Research on Monday, September 14 to “Outperform”.

More notable recent USA Technologies, Inc. (NASDAQ:USAT) news were published by: Businesswire.com which released: “USA Technologies Acquires VendScreen Assets” on January 25, 2016, also Businesswire.com with their article: “USA Technologies Expands Board of Directors and Strengthens Management Team …” published on March 21, 2016, Businesswire.com published: “Downey Vendors Inc. Chooses USA Technologies To Deploy ePort Connect on All …” on December 04, 2015. More interesting news about USA Technologies, Inc. (NASDAQ:USAT) were released by: Businesswire.com and their article: “Coastal Canteen Vending and Food Services Inc. Expands Relationship with USA …” published on August 10, 2016 as well as Businesswire.com‘s news article titled: “USA Technologies Schedules First Quarter Fiscal Year 2017 Earnings Release and …” with publication date: October 27, 2016.

According to Zacks Investment Research, “USA Technologies is a leader in the networking of distributed assets, wireless non-cash transactions, associated financial/network services and energy management. USA Technologies provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries. USA Technologies is an IBM Business Partner. The Company has marketing agreements with Cingular Wireless, Honeywell, MEI, Unilever and ZiLOG Corporation.”

USAT Company Profile

USA Technologies, Inc., incorporated on January 16, 1992, provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale (POS) market. The Firm is a well-known provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other unattended market divisions, such as amusement, commercial laundry, kiosk and others. It has designed and marketed systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (M2M) services, which include the ability to remotely monitor, control and report on the results of distributed assets containing its electronic payment solutions. The Firm derives its revenues from license and transaction fees resulting from connections to, as well as services provided by, its ePort Connect service.

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