Rdl Financial Inc Lowers stake in Net 1 UEPS Technologies Inc (UEPS)

Net 1 UEPS Technologies Inc (UEPS) : Rdl Financial Inc reduced its stake in Net 1 UEPS Technologies Inc by 19.0% during the most recent quarter end. The investment management company now holds a total of 110,579 shares of Net 1 UEPS Technologies Inc which is valued at $1,102,473 after selling 25,944 shares in Net 1 UEPS Technologies Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Net 1 UEPS Technologies Inc makes up approximately 0.79% of Rdl Financial Inc’s portfolio.

Other Hedge Funds, Including , Quantbot Technologies Lp sold out all of its stake in UEPS during the most recent quarter. The investment firm sold 654 shares of UEPS which is valued $6,520.Quotient Investors reduced its stake in UEPS by selling 3,700 shares or 14.18% in the most recent quarter. The Hedge Fund company now holds 22,400 shares of UEPS which is valued at $230,496. Net 1 UEPS Technologies Inc makes up approx 0.11% of Quotient Investors’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in UEPS in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 503 shares of Net 1 UEPS Technologies Inc which is valued at $5,040.

Net 1 UEPS Technologies Inc closed down -0.03 points or -0.29% at $10.39 with 72,593 shares getting traded on Monday. Post opening the session at $10.46, the shares hit an intraday low of $10.34 and an intraday high of $10.54 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Net 1 UEPS Technologies Inc reported $0.43 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.44. The company had revenue of $134.70 million for the quarter, compared to analysts expectations of $139.02 million. The company’s revenue was down -10.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.57 EPS.

Net 1 UEPS Technologies Inc. is South Africa-based a provider of payment solutions and transaction processing services across a range of industries and in various geographies. The Company operates in four segments: Smart card accounts International transaction-based activities financial services and Hardware software and related technology sales. The Company’s UEPS technology includes functionality that allows Transparent and automatic recovery of transactions Transaction cancellation; Refunds; Multiple audit trails; Offline loading and spending; Biometric identification; Continuous debit; Multiple wallets; Morphing of other common payment systems such as the EuroPay MasterCard and Visa global standard (EMV); Automatic credit; Automatic debit; Interest calculations; among others.

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