Intrepid Capital Management Inc. Sells 54,537 Shares of Net 1 UEPS Technologies Inc (NASDAQ:UEPS)

Intrepid Capital Management Inc. reduced its holdings in shares of Net 1 UEPS Technologies Inc (NASDAQ:UEPS) by 13.4% during the second quarter, HoldingsChannel.com reports. The fund owned 353,572 shares of the business services provider’s stock after selling 54,537 shares during the quarter. Intrepid Capital Management Inc.’s holdings in Net 1 UEPS Technologies were worth $1,414,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Rubric Capital Management LP purchased a new position in Net 1 UEPS Technologies during the first quarter worth about $9,198,000. Thompson Siegel & Walmsley LLC lifted its stake in shares of Net 1 UEPS Technologies by 50.6% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 2,098,901 shares of the business services provider’s stock valued at $7,535,000 after acquiring an additional 705,208 shares during the last quarter. B. Riley Financial Inc. raised its position in Net 1 UEPS Technologies by 22.4% during the 2nd quarter. B. Riley Financial Inc. now owns 528,600 shares of the business services provider’s stock valued at $2,114,000 after purchasing an additional 96,707 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in Net 1 UEPS Technologies by 42.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 445,008 shares of the business services provider’s stock valued at $1,780,000 after purchasing an additional 131,559 shares during the last quarter. Finally, Boston Partners bought a new position in Net 1 UEPS Technologies during the 1st quarter valued at approximately $1,543,000. Institutional investors and hedge funds own 53.24% of the company’s stock.

Several analysts recently weighed in on the company. Maxim Group set a $7.00 price target on Net 1 UEPS Technologies and gave the stock a “buy” rating in a research note on Friday, May 24th. ValuEngine raised Net 1 UEPS Technologies from a “hold” rating to a “buy” rating in a report on Friday, May 17th. B. Riley set a $7.00 price target on Net 1 UEPS Technologies and gave the company a “buy” rating in a report on Tuesday. Finally, Zacks Investment Research cut Net 1 UEPS Technologies from a “hold” rating to a “sell” rating in a report on Saturday, July 13th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $7.00.

Shares of NASDAQ UEPS opened at $3.53 on Friday. The company has a market cap of $196.65 million, a P/E ratio of 1.80 and a beta of 0.70. Net 1 UEPS Technologies Inc has a 1 year low of $2.78 and a 1 year high of $8.07. The firm has a 50-day simple moving average of $3.47 and a two-hundred day simple moving average of $3.67.

Net 1 UEPS Technologies 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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Institutional Ownership by Quarter for Net 1 UEPS Technologies (NASDAQ:UEPS)

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