Net 1 UEPS Technologies (UEPS) Releases Quarterly Earnings Results, Misses Expectations By $0.88 EPS

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Net 1 UEPS Technologies (NASDAQ:UEPS) posted its quarterly earnings results on Thursday. The business services provider reported ($1.12) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.88), Morningstar.com reports. Net 1 UEPS Technologies had a negative net margin of 11.05% and a positive return on equity of 0.18%. The business had revenue of $97.15 million during the quarter, compared to the consensus estimate of $116.64 million. During the same quarter in the prior year, the firm posted $0.39 EPS. The company’s revenue for the quarter was down 34.5% compared to the same quarter last year.

NASDAQ UEPS opened at $3.81 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.38 and a quick ratio of 1.34. The company has a market cap of $180.73 million, a P/E ratio of 1.94 and a beta of 0.83. Net 1 UEPS Technologies has a 52 week low of $2.78 and a 52 week high of $11.00.

In other news, Director Alasdair Jonathan Kemsley Pein acquired 6,000 shares of Net 1 UEPS Technologies stock in a transaction that occurred on Tuesday, November 13th. The stock was purchased at an average price of $4.53 per share, for a total transaction of $27,180.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.46% of the company’s stock.

A number of institutional investors have recently modified their holdings of UEPS. IFP Advisors Inc increased its stake in Net 1 UEPS Technologies by 1,166.0% during the 4th quarter. IFP Advisors Inc now owns 12,660 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 11,660 shares in the last quarter. Ramsey Quantitative Systems increased its stake in Net 1 UEPS Technologies by 33.7% during the 4th quarter. Ramsey Quantitative Systems now owns 21,995 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 5,545 shares in the last quarter. United Services Automobile Association acquired a new position in Net 1 UEPS Technologies during the 2nd quarter valued at approximately $111,000. Ingalls & Snyder LLC acquired a new position in Net 1 UEPS Technologies during the 3rd quarter valued at approximately $135,000. Finally, Russell Investments Group Ltd. acquired a new position in Net 1 UEPS Technologies during the 3rd quarter valued at approximately $156,000. Institutional investors and hedge funds own 51.54% of the company’s stock.

Several research firms have recently commented on UEPS. TheStreet lowered shares of Net 1 UEPS Technologies from a “c” rating to a “d+” rating in a report on Friday, November 9th. ValuEngine upgraded shares of Net 1 UEPS Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. BidaskClub upgraded shares of Net 1 UEPS Technologies from a “sell” rating to a “hold” rating in a report on Saturday, December 22nd. Maxim Group set a $12.00 price objective on shares of Net 1 UEPS Technologies and gave the stock a “buy” rating in a research note on Thursday, November 29th. Finally, B. Riley began coverage on shares of Net 1 UEPS Technologies in a research note on Friday, January 18th. They set a “buy” rating and a $10.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Net 1 UEPS Technologies presently has a consensus rating of “Hold” and a consensus price target of $13.20.

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Net 1 UEPS Technologies Company Profile

Net 1 UEPS Technologies, Inc provides transaction processing services, financial inclusion products and services, and secure payment technologies in South Africa, the Republic of Korea, and internationally. The company develops and markets transaction processing solutions, including smart card-based alternative payment systems for the unbanked and under-banked populations of developing economies and for mobile transaction channels.

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Earnings History for Net 1 UEPS Technologies (NASDAQ:UEPS)

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