Net 1 Ueps Technologies Inc Stock as Institutional Investors Exit

June 13, 2018 - By Richard Conner

Sentiment for Net 1 Ueps Technologies Inc (NASDAQ:UEPS)

Net 1 Ueps Technologies Inc (NASDAQ:UEPS) institutional sentiment decreased to 0.85 in 2018 Q1. Its down -0.13, from 0.98 in 2017Q4. The ratio has dropped, as 33 hedge funds started new or increased holdings, while 39 sold and reduced equity positions in Net 1 Ueps Technologies Inc. The hedge funds in our partner’s database reported: 24.68 million shares, up from 22.70 million shares in 2017Q4. Also, the number of hedge funds holding Net 1 Ueps Technologies Inc in their top 10 holdings increased from 1 to 2 for an increase of 1. Sold All: 12 Reduced: 27 Increased: 21 New Position: 12.

Net 1 UEPS Technologies, Inc. provides payment solutions, transaction processing services, and financial technologies to various industries in South Africa, South Korea, and internationally. The company has market cap of $521.36 million. The firm develops and markets transaction processing solutions that comprise its smart card alternative payment system for the unbanked and under-banked populations of developing economies, and for mobile transaction channels. It has a 8.83 P/E ratio. It operates through three divisions: South African Transaction Processing, International Transaction Processing, and Financial Inclusion and Applied Technologies.

The stock decreased 2.45% or $0.23 during the last trading session, reaching $9.17. About 83,175 shares traded. Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) has risen 5.03% since June 13, 2017 and is uptrending. It has underperformed by 7.54% the S&P500.

Analysts await Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) to report earnings on August, 23. They expect $0.43 EPS, up 16.22 % or $0.06 from last year’s $0.37 per share. UEPS’s profit will be $24.45 million for 5.33 P/E if the $0.43 EPS becomes a reality. After $0.94 actual EPS reported by Net 1 UEPS Technologies, Inc. for the previous quarter, Wall Street now forecasts -54.26 % negative EPS growth.

Intrepid Capital Management Inc holds 7.01% of its portfolio in Net 1 UEPS Technologies, Inc. for 2.18 million shares. Prescott Group Capital Management L.L.C. owns 1.70 million shares or 3.49% of their US portfolio. Moreover, International Value Advisers Llc has 1.89% invested in the company for 7.09 million shares. The California-based Messner & Smith Theme Value Investment Management Ltd Ca has invested 1.4% in the stock. Lyon Street Capital Llc, a California-based fund reported 249,268 shares.

Since January 1, 0001, it had 5 insider buys, and 1 insider sale for $1.93 million activity.

More notable recent Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) news were published by: Benzinga.com which released: “30 Stocks Moving In Tuesday’s Pre-Market Session” on June 05, 2018, also Benzinga.com with their article: “26 Stocks Moving In Tuesday’s Pre-Market Session” published on May 29, 2018, Nasdaq.com published: “New Research Coverage Highlights Materialise NV, MacroGenics, GasLog Partners LP, TCP Capital, NantHealth, and …” on June 06, 2018. More interesting news about Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) were released by: Benzinga.com and their article: “20 Stocks Moving In Wednesday’s Pre-Market Session” published on May 30, 2018 as well as Globenewswire.com‘s news article titled: “Net1 to Participate at Baird’s Global Consumer, Technology & Services Conference” with publication date: May 24, 2018.

Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) Institutional Positions Chart

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