Janus Henderson Group PLC Invests $178,000 in USA Technologies, Inc. (NASDAQ:USAT)

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Janus Henderson Group PLC acquired a new position in shares of USA Technologies, Inc. (NASDAQ:USAT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 23,997 shares of the technology company’s stock, valued at approximately $178,000.

Several other hedge funds have also bought and sold shares of USAT. Hudson Executive Capital LP boosted its holdings in shares of USA Technologies by 103.3% during the first quarter. Hudson Executive Capital LP now owns 2,948,840 shares of the technology company’s stock worth $12,238,000 after purchasing an additional 1,498,240 shares during the last quarter. Wasatch Advisors Inc. raised its position in shares of USA Technologies by 52.8% in the 1st quarter. Wasatch Advisors Inc. now owns 1,718,713 shares of the technology company’s stock worth $7,133,000 after buying an additional 594,045 shares during the period. Dimensional Fund Advisors LP raised its position in shares of USA Technologies by 285.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 295,595 shares of the technology company’s stock worth $1,150,000 after buying an additional 218,891 shares during the period. First Republic Investment Management Inc. purchased a new position in shares of USA Technologies in the 1st quarter worth $427,000. Finally, Geode Capital Management LLC raised its position in shares of USA Technologies by 16.0% in the 4th quarter. Geode Capital Management LLC now owns 645,659 shares of the technology company’s stock worth $2,511,000 after buying an additional 89,177 shares during the period. Institutional investors and hedge funds own 69.03% of the company’s stock.

USAT has been the topic of several research reports. ValuEngine raised USA Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Northland Securities reissued a “hold” rating on shares of USA Technologies in a research report on Friday, August 23rd. Lake Street Capital raised their price objective on USA Technologies from $4.50 to $7.00 and gave the company a “hold” rating in a research report on Thursday, June 6th. Zacks Investment Research lowered USA Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 4th. Finally, BidaskClub raised USA Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 21st. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $8.00.

In other USA Technologies news, major shareholder Hudson Executive Capital Lp bought 1,000,252 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were acquired at an average cost of $6.93 per share, with a total value of $6,931,746.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.43% of the stock is currently owned by insiders.

Shares of NASDAQ USAT opened at $8.00 on Wednesday. USA Technologies, Inc. has a 1 year low of $3.19 and a 1 year high of $16.83. The stock’s 50-day simple moving average is $7.18 and its 200-day simple moving average is $5.90.

USA Technologies Company Profile

USA Technologies, Inc provides wireless networking, cashless transactions, asset monitoring, and other value-added services in the United States and internationally. It designs and markets systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (M2M) services.

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Institutional Ownership by Quarter for USA Technologies (NASDAQ:USAT)

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