The stock of Net 1 UEPS Technologies Inc (NASDAQ:UEPS) is a huge mover today! The stock increased 3.22% or $0.36 on November 25, hitting $11.54. About 154,979 shares traded hands. Net 1 UEPS Technologies Inc (NASDAQ:UEPS) has declined 4.69% since April 22, 2016 and is downtrending. It has underperformed by 10.10% the S&P500.
The move comes after 8 months positive chart setup for the $606.10M company. It was reported on Nov, 25 by Barchart.com. We have $12.46 PT which if reached, will make NASDAQ:UEPS worth $48.49M more.
Analysts await Net 1 UEPS Technologies Inc (NASDAQ:UEPS) to report earnings on February, 2. They expect $0.38 EPS, down 5.00% or $0.02 from last year’s $0.4 per share. UEPS’s profit will be $19.96 million for 7.59 P/E if the $0.38 EPS becomes a reality. After $0.51 actual EPS reported by Net 1 UEPS Technologies Inc for the previous quarter, Wall Street now forecasts -25.49% negative EPS growth.
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 decreased to 0.98 in Q2 2016. Its down 0.02, from 1 in 2016Q1. The ratio worsened, 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.
Connor Clark Lunn Invest Mngmt Limited accumulated 908,856 shares or 0.07% of the stock. Deutsche Natl Bank Ag holds 100,723 shares or 0% of its portfolio. Palo, a California-based fund reported 28,858 shares. Wellington Grp Llp accumulated 0% or 41,704 shares. Diam has invested 0% of its portfolio in Net 1 UEPS Technologies Inc (NASDAQ:UEPS). Fiduciary Mgmt Incorporated Wi last reported 23,700 shares in the company. Tudor Inv Et Al holds 26,023 shares or 0.01% of its portfolio. Sensato Invsts Limited Liability last reported 1.12% of its portfolio in the stock. Lpl Fincl Ltd Liability Company holds 0.02% of its portfolio in Net 1 UEPS Technologies Inc (NASDAQ:UEPS) for 199,635 shares. Moreover, Sphinx Trading L P has 0.18% invested in Net 1 UEPS Technologies Inc (NASDAQ:UEPS) for 9,000 shares. Teacher Retirement Of Texas owns 6,649 shares or 0% of their US portfolio. Clarivest Asset Mngmt Limited holds 0.01% or 19,000 shares in its portfolio. Citigroup accumulated 0% or 2,565 shares. The Utah-based Wasatch Advsrs has invested 0.01% in Net 1 UEPS Technologies Inc (NASDAQ:UEPS). Vanguard owns 103,856 shares or 0% of their US portfolio.
Insider Transactions: Since September 6, 2016, the stock had 0 insider buys, and 3 selling transactions for $122,000 net activity. Another trade for 1,119 shares valued at $10,742 was made by Belamant Philip Marc on Monday, September 12. Edwards Paul sold $41,598 worth of stock. The insider Seabrooke Christopher Stefan sold $69,660.
More notable recent Net 1 UEPS Technologies Inc (NASDAQ:UEPS) news were published by: Fool.com which released: “Why Net 1 UEPS Technologies, Inc. Stock Soared Today” on October 05, 2016, also Fool.com with their article: “Why Net 1 UEPS Technologies Inc. Stock Skyrocketed Today” published on April 11, 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: Marketwired.com and their article: “Net 1 UEPS Technologies, Inc. to Host Conference Call to Review First Quarter …” published on October 13, 2016 as well as Twst.com‘s news article titled: “Net 1 UEPS Technologies Inc.: Net1 Announces Acquisition of a Strategic Stake …” with publication date: October 05, 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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