Price Action To Observe: Is Net 1 UEPS Technologies Inc a Buy? The Stock Rises Again

Price Action To Observe: Is Net 1 UEPS Technologies Inc a Buy? The Stock Rises Again

The stock of Net 1 UEPS Technologies Inc (NASDAQ:UEPS) is a huge mover today! About 141,657 shares traded hands. Net 1 UEPS Technologies Inc (NASDAQ:UEPS) has risen 11.35% since April 4, 2016 and is uptrending. It has outperformed by 10.26% the S&P500.
The move comes after 9 months positive chart setup for the $611.47 million company. It was reported on Nov, 4 by Barchart.com. We have $15.08 PT which if reached, will make NASDAQ:UEPS worth $256.82 million more.

According to Zacks Investment Research, “Net 1 U.E.P.S. Technologies provides its universal electronic payment system as an alternative payment system for the unbanked and under-banked populations of developing economies. Net 1 believes that it is the first company worldwide to implement a system that can enable the estimated four billion people who generally have limited or no access to a bank account to enter affordably into electronic transactions with each other, government agencies, employers, merchants and other financial service providers.”

Insitutional Activity: The institutional sentiment increased to 1 in 2016 Q2. Its up 0.19, from 0.81 in 2016Q1. The ratio increased, as 17 funds sold all Net 1 UEPS Technologies Inc shares owned while 38 reduced positions. 20 funds bought stakes while 35 increased positions. They now own 26.73 million shares or 4.39% less from 27.95 million shares in 2016Q1.
Susquehanna Intl Group Ltd Liability Partnership owns 127,423 shares or 0% of their US portfolio. Blackrock Gru Ltd reported 72,650 shares or 0% of all its holdings. Wasatch Advisors owns 46,209 shares or 0.01% of their US portfolio. Commercial Bank Of America De owns 4,127 shares or 0% of their US portfolio. Moreover, Swiss Fincl Bank has 0% invested in Net 1 UEPS Technologies Inc (NASDAQ:UEPS) for 83,692 shares. Blackrock last reported 0% of its portfolio in the stock. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 1,871 shares or 0% of the stock. Blackrock Limited Liability Company holds 0% or 166,709 shares in its portfolio. Connor Clark And Lunn Invest Mgmt accumulated 908,856 shares or 0.07% of the stock. Deere And Com holds 0.02% or 43,180 shares in its portfolio. Palo Capital Inc, a California-based fund reported 28,858 shares. Marshall Wace Limited Liability Partnership holds 272,170 shares or 0.02% of its portfolio. Ellington Mgmt Group Ltd Liability Com has invested 0.36% of its portfolio in Net 1 UEPS Technologies Inc (NASDAQ:UEPS). Sphinx Trading Limited Partnership last reported 0.18% of its portfolio in the stock. Fmr Limited Liability Corporation last reported 0% of its portfolio in the stock.

Insider Transactions: Since September 6, 2016, the stock had 0 insider purchases, and 3 insider sales for $122,000 net activity. On Tuesday, September 6 the insider Edwards Paul sold $41,598. 7,174 shares with value of $69,660 were sold by Seabrooke Christopher Stefan on Tuesday, September 6. On Monday, September 12 the insider Belamant Philip Marc sold $10,742.

More notable recent Net 1 UEPS Technologies Inc (NASDAQ:UEPS) news were published by: Marketwired.com which released: “Net 1 UEPS Technologies, Inc. Reports First Quarter 2017 Results” on November 03, 2016, also Fool.com with their article: “Why Net 1 UEPS Technologies, Inc. Stock Soared Today” published on October 05, 2016, Seekingalpha.com published: “Net 1 UEPS Technologies, Inc.: An Innovative But Inconsistent Business” on October 21, 2016. More interesting news about Net 1 UEPS Technologies Inc (NASDAQ:UEPS) were released by: Fool.com and their article: “Why Net 1 UEPS Technologies Inc. Stock Skyrocketed Today” published on April 11, 2016 as well as Marketwired.com‘s news article titled: “Net 1 UEPS Technologies, Inc. to Host Conference Call to Review First Quarter …” with publication date: October 13, 2016.

UEPS Company Profile

Net 1 UEPS Technologies, Inc., incorporated on May 8, 1997, is a well-known provider of payment solutions, transaction processing services and financial technology across multiple industries. The Firm develops and markets a transaction processing solution that encompasses its smart card alternative payment system for the unbanked and under-banked populations of developing economies and for mobile transaction channels. The Firm operates through three divisions: South African transaction processing, International transaction processing, and Financial inclusion and applied technologies. The Firm also provides secure transaction technology solutions and services, by offering transaction processing, financial and clinical risk management solutions to various industries. It offers secure online transaction processing, cryptography, mobile telephony, integrated circuit card (chip/smart card) technologies, and the design and provision of financial and value-added services to its cardholder base.

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