Net 1 UEPS Technologies, Inc. (UEPS) Can’t Burn Your Short Portfolio. Just Reaches 52 Week Low

April 16, 2018 - By Clifton Ray

Investors sentiment decreased to 0.98 in Q4 2017. Its down 0.24, from 1.22 in 2017Q3. It turned negative, as 12 investors sold Net 1 UEPS Technologies, Inc. shares while 28 reduced holdings. 16 funds opened positions while 23 raised stakes. 22.70 million shares or 3.18% more from 22.00 million shares in 2017Q3 were reported.
Great West Life Assurance Can reported 6,600 shares stake. Fincl Bank Of America Corporation De holds 0% of its portfolio in Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) for 11,943 shares. International Value Advisers Ltd Liability Company has 2.46% invested in Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) for 7.11 million shares. Seizert Cap Lc accumulated 306,574 shares. Connor Clark Lunn Inv Mgmt Limited invested in 1.00M shares. Northern Tru reported 0% stake. State Street Corporation accumulated 139,632 shares. Wellington Group Limited Liability Partnership reported 492,789 shares or 0% of all its holdings. Royal Financial Bank Of Canada has 1,000 shares. Vanguard Grp owns 187,669 shares or 0% of their US portfolio. Fmr Ltd Liability Corp stated it has 595,571 shares or 0% of all its holdings. Citigroup Inc invested in 0% or 453 shares. Moreover, Art Advsrs Ltd Co has 0.01% invested in Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS). 26,949 were accumulated by Ubs Asset Mgmt Americas. Aqr Capital Limited Co has invested 0% in Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS).

Since December 12, 2017, it had 5 insider purchases, and 2 insider sales for $1.86 million activity. $521,931 worth of Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) shares were bought by Seabrooke Christopher Stefan. $71,565 worth of Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) shares were sold by Pein Alasdair Jonathan Kemsley. Kotze Herman had bought 6,000 shares worth $59,110.

The stock of Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) hit a new 52-week low and has $8.13 target or 9.00 % below today’s $8.93 share price. The 5 months bearish chart indicates high risk for the $507.51M company. The 1-year low was reported on Apr, 16 by Barchart.com. If the $8.13 price target is reached, the company will be worth $45.68 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 1.22% or $0.11 during the last trading session, reaching $8.93. About 101,498 shares traded. Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) has declined 23.19% since April 16, 2017 and is downtrending. It has underperformed by 34.74% the S&P500.

Analysts await Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) to report earnings on May, 3. They expect $0.41 EPS, down 2.38 % or $0.01 from last year’s $0.42 per share. UEPS’s profit will be $23.30M for 5.45 P/E if the $0.41 EPS becomes a reality. After $0.38 actual EPS reported by Net 1 UEPS Technologies, Inc. for the previous quarter, Wall Street now forecasts 7.89 % EPS growth.

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 $507.51 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 8.59 P/E ratio. It operates through three divisions: South African Transaction Processing, International Transaction Processing, and Financial Inclusion and Applied Technologies.

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

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