The stock of USA Technologies, Inc. (NASDAQ:USAT) is a huge mover today! About 176,052 shares traded hands. USA Technologies, Inc. (NASDAQ:USAT) has declined 10.43% since April 14, 2016 and is downtrending. It has underperformed by 15.12% the S&P500.
The move comes after 6 months positive chart setup for the $173.35 million company. It was reported on Nov, 16 by Barchart.com. We have $9.41 PT which if reached, will make NASDAQ:USAT worth $237.49M more.
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. USA Tech has been the topic of 2 analyst reports since September 14, 2015 according to StockzIntelligence Inc. Northland Capital maintained it with “Outperform” rating and $4.50 target price in Monday, November 16 report. Barrington Research upgraded the shares of USAT in a report on Monday, September 14 to “Outperform” rating.
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.”
Insitutional Activity: The institutional sentiment decreased to 1.05 in 2016 Q2. Its down 0.31, from 1.36 in 2016Q1. The ratio dived, 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.
Rhumbline Advisers, a Massachusetts-based fund reported 30,572 shares. Thompson Davis accumulated 15,250 shares or 0.1% of the stock. Perkins Management has invested 1.17% of its portfolio in USA Technologies, Inc. (NASDAQ:USAT). Timpani Mngmt Ltd Liability Corp has invested 0.77% of its portfolio in USA Technologies, Inc. (NASDAQ:USAT). California State Teachers Retirement System accumulated 75,170 shares or 0% of the stock. Bnp Paribas Arbitrage last reported 0% of its portfolio in the stock. Mark Sheptoff Financial Planning Ltd Liability Corporation has 20 shares for 0% of their US portfolio. Tiaa Cref Invest Lc has 120,617 shares for 0% of their US portfolio. California Pub Employees Retirement Sys has invested 0% of its portfolio in USA Technologies, Inc. (NASDAQ:USAT). The Georgia-based Invesco Limited has invested 0% in USA Technologies, Inc. (NASDAQ:USAT). Teachers Advisors holds 58,873 shares or 0% of its portfolio. Moreover, Blair William Il has 0.01% invested in USA Technologies, Inc. (NASDAQ:USAT) for 129,648 shares. Perritt Capital Mngmt holds 0.25% or 225,000 shares in its portfolio. The Wisconsin-based Cortina Asset Limited Com has invested 0.16% in USA Technologies, Inc. (NASDAQ:USAT). Art Advsr Lc last reported 0% of its portfolio in the stock.
Insider Transactions: Since September 14, 2016, the stock had 1 buying transaction, and 0 sales for $4,910 net activity. Reilly William J. Jr. bought 1,000 shares worth $4,910.
More recent USA Technologies, Inc. (NASDAQ:USAT) news were published by: Businesswire.com which released: “USA Technologies Unveils its First Universal Card Link Connector for the …” on November 16, 2016. Also Businesswire.com published the news titled: “USA Technologies Expands Board of Directors and Strengthens Management Team …” on March 21, 2016. Businesswire.com‘s news article titled: “USA Technologies to Present at 7th Annual Craig-Hallum Alpha Select Conference” with publication date: November 14, 2016 was also an interesting one.
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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