Net 1 UEPS Technologies Inc (UEPS) : Prescott Group Capital Management L.l.c. scooped up 348,988 additional shares in Net 1 UEPS Technologies Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 21, 2016. The investment management firm now holds a total of 849,722 shares of Net 1 UEPS Technologies Inc which is valued at $8,879,595.Net 1 UEPS Technologies Inc makes up approximately 2.06% of Prescott Group Capital Management L.l.c.’s portfolio.
Other Hedge Funds, Including , Palo Capital boosted its stake in UEPS in the latest quarter, The investment management firm added 10,343 additional shares and now holds a total of 28,858 shares of Net 1 UEPS Technologies Inc which is valued at $301,566. Net 1 UEPS Technologies Inc makes up approx 0.10% of Palo Capital’s portfolio.Acadian Asset Management reduced its stake in UEPS by selling 144,147 shares or 11.54% in the most recent quarter. The Hedge Fund company now holds 1,105,483 shares of UEPS which is valued at $11,828,668. Net 1 UEPS Technologies Inc makes up approx 0.06% of Acadian Asset Management’s portfolio.Simplex Trading reduced its stake in UEPS by selling 1,918 shares or 44.46% in the most recent quarter. The Hedge Fund company now holds 2,396 shares of UEPS which is valued at $25,637. Eqis Capital Management sold out all of its stake in UEPS during the most recent quarter. The investment firm sold 20,213 shares of UEPS which is valued $212,034.
Net 1 UEPS Technologies Inc opened for trading at $10.29 and hit $10.5 on the upside on Thursday, eventually ending the session at $10.46, with a gain of 1.55% or 0.16 points. The heightened volatility saw the trading volume jump to 1,57,308 shares. Company has a market cap of $582 M.
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.