Net 1 UEPS Technologies Inc (NASDAQ:UEPS) Stock Holdings Lowered by Intrepid Capital Management Inc.

Intrepid Capital Management Inc. lessened its stake in Net 1 UEPS Technologies Inc (NASDAQ:UEPS) by 13.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 353,572 shares of the business services provider’s stock after selling 54,537 shares during the period. Intrepid Capital Management Inc. owned 0.62% of Net 1 UEPS Technologies worth $1,414,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of UEPS. Clear Harbor Asset Management LLC purchased a new stake in shares of Net 1 UEPS Technologies in the second quarter worth approximately $94,000. Russell Investments Group Ltd. lifted its position in Net 1 UEPS Technologies by 30.9% in the second quarter. Russell Investments Group Ltd. now owns 29,670 shares of the business services provider’s stock worth $119,000 after purchasing an additional 7,000 shares during the period. JPMorgan Chase & Co. lifted its position in Net 1 UEPS Technologies by 83.7% in the second quarter. JPMorgan Chase & Co. now owns 121,373 shares of the business services provider’s stock worth $485,000 after purchasing an additional 55,302 shares during the period. Deutsche Bank AG lifted its holdings in shares of Net 1 UEPS Technologies by 4,089.6% during the fourth quarter. Deutsche Bank AG now owns 136,372 shares of the business services provider’s stock valued at $639,000 after acquiring an additional 133,117 shares during the period. Finally, GSA Capital Partners LLP lifted its holdings in shares of Net 1 UEPS Technologies by 201.5% during the second quarter. GSA Capital Partners LLP now owns 162,291 shares of the business services provider’s stock valued at $649,000 after acquiring an additional 108,465 shares during the period. 53.24% of the stock is owned by institutional investors.

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

Shares of UEPS stock opened at $3.53 on Friday. The stock has a market cap of $196.65 million, a price-to-earnings ratio of 1.80 and a beta of 0.70. The stock has a 50-day moving average of $3.47 and a 200-day moving average of $3.67. Net 1 UEPS Technologies Inc has a 1-year low of $2.78 and a 1-year high of $8.07.

Net 1 UEPS Technologies Company 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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