Doubting Net 1 UEPS Technologies, Inc. (UEPS)’s Future Is A Dumb Move

Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) is at least 37.05% than its current record low price of $2.78. There was a 19.81% gain on 02/08/2019 that led the price to move at $3.81. At recent session, the prices were hovering between $2.86 and $3.82. This company shares are 188.71% off its target price of $11 and the current market capitalization stands at $180.71M. The recent change has given its price a -17.3% deficit over SMA 50 and -66.55% deficit over its 52-week high. The stock witnessed -22.56% declines, -44.94% declines and -58.86% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found UEPS’s volatility during a week at 14.65% and during a month it has been found around 10.23%.

Net 1 UEPS Technologies, Inc. (UEPS) Top Holders

Institutional investors currently hold around $110 million or 52.2% in UEPS stock. Look at its top three institutional owners. International Value Advisers, Llc owns $31.33 million in Net 1 UEPS Technologies, Inc., which represents roughly 17.34% of the company’s market cap and approximately 28.48% of the institutional ownership. Similar statistics are true for the second largest owner, Prescott Group Capital Management, L.L.C., which owns 2,899,089 shares of the stock are valued at $11.05 million. The third largest holder is Intrepid Capital Management Inc, which currently holds $7.91 million worth of this stock and that ownership represents nearly 4.38% of its market capitalization.

Net 1 UEPS Technologies, Inc. 13F Filings

At the end of September reporting period, 48 institutional holders increased their position in Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) by some 3,330,455 shares, 39 decreased positions by 5,066,359 and 19 held positions by 20,556,986. That puts total institutional holdings at 28,953,800 shares, according to SEC filings. The stock grabbed 14 new institutional investments totaling 644,421 shares while 14 institutional investors sold out their entire positions totaling 1,379,859 shares.

Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) Insider Trades

Multiple company employees have indulged in significant insider trading. Net 1 UEPS Technologies, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Singh-Bushell Ekta has acquired 2,000 shares of Net 1 UEPS Technologies, Inc. (UEPS) in trading session dated Dec. 06, 2018. These shares are worth $10,000 and were traded at $5 each. The SEC filing shows that Pein Alasdair Jonathan Kemsley performed a purchase of 6,000 shares. The Director added these shares by way of transaction on Nov. 13, 2018. The company’s shares were assimilated at $4.53 per share worth to an investment of some $27,180 on account of Pein Alasdair Jonathan Kemsley.

Director, Edwards Paul, purchased 10,000 common shares of Net 1 UEPS Technologies, Inc. (UEPS) in the open market. In a transaction dated Nov. 13, 2018, the shares were bought at an average price of $4.53, giving away a sum of $45,300. After this purchase, 27,822 common shares of UEPS are directly owned by the insider, with total stake valued at $106,002.

In the transaction dated Sep. 26, 2018, the great number of shares acquired came courtesy the Director; Seabrooke Christopher Stefan added a total of 22,637 shares at an average price of $7.7, amounting to approximately $174,305. The insider now directly owns 318,124 shares worth $1,212,052.

Net 1 UEPS Technologies, Inc. (UEPS) Analyst Guide

Several analysts have released their opinion on Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS), with 0 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation.