Is Selling Net 1 UEPS Technologies, Inc. (UEPS) Here a Winning Strategy?

April 23, 2018 - By Darrin Black

Investors sentiment decreased to 0.98 in 2017 Q4. Its down 0.24, from 1.22 in 2017Q3. It dived, as 12 investors sold Net 1 UEPS Technologies, Inc. shares while 28 reduced holdings. 16 funds opened positions while 23 raised stakes. 22.70 million shares or 3.18% more from 22.00 million shares in 2017Q3 were reported.
Barclays Public Ltd Com invested 0% in Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS). Grantham Mayo Van Otterloo & Limited Liability Company invested in 0.02% or 326,581 shares. Int Value Advisers Ltd reported 2.46% stake. 46,900 were reported by Schroder Inv Management Grp Inc. Los Angeles Cap Mgmt Equity Inc holds 0% of its portfolio in Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) for 35,735 shares. Great West Life Assurance Can invested 0% in Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS). Renaissance Technologies Ltd Liability Company accumulated 1.61 million shares. Ubs Asset Mgmt Americas accumulated 26,949 shares or 0% of the stock. The Illinois-based Group Inc One Trading Ltd Partnership has invested 0% in Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS). Art Advsrs Limited Company has 0.01% invested in Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS). Macquarie Grp Ltd reported 26,900 shares stake. Aqr Limited Liability Corporation holds 0% of its portfolio in Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) for 23,679 shares. Fmr Limited Company accumulated 595,571 shares. Walleye Trading Ltd Liability has 4,150 shares. Bancorp Of America De owns 11,943 shares for 0% of their portfolio.

Since December 12, 2017, it had 5 buys, and 2 sales for $1.86 million activity. Edwards Paul had sold 9,000 shares worth $102,240. $59,110 worth of Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) was bought by Kotze Herman. Pein Alasdair Jonathan Kemsley had sold 6,500 shares worth $71,565.

The stock of Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) hit a new 52-week low and has $7.69 target or 9.00 % below today’s $8.45 share price. The 7 months bearish chart indicates high risk for the $480.23M company. The 1-year low was reported on Apr, 23 by Barchart.com. If the $7.69 price target is reached, the company will be worth $43.22M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 2.42% or $0.21 during the last trading session, reaching $8.45. About 192,415 shares traded. Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) has declined 23.19% since April 23, 2017 and is downtrending. It has underperformed by 34.74% the S&P500.

Analysts await Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) to report earnings on May, 10 after the close. They expect $0.41 earnings per share, down 2.38 % or $0.01 from last year’s $0.42 per share. UEPS’s profit will be $23.30 million for 5.15 P/E if the $0.41 EPS becomes a reality. After $0.38 actual earnings per share reported by Net 1 UEPS Technologies, Inc. for the previous quarter, Wall Street now forecasts 7.89 % EPS growth.

Net 1 UEPS Technologies, Inc. provides payment solutions, transaction processing services, and financial technologies to various industries in South Africa, South Korea, and internationally. The company has market cap of $480.23 million. The firm develops and markets transaction processing solutions that comprise its smart card alternative payment system for the unbanked and under-banked populations of developing economies, and for mobile transaction channels. It has a 8.13 P/E ratio. It operates through three divisions: South African Transaction Processing, International Transaction Processing, and Financial Inclusion and Applied Technologies.

Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) Institutional Positions Chart

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