Net 1 UEPS Technologies Inc (UEPS) : Philadelphia Financial Management Of San Francisco reduced its stake in Net 1 UEPS Technologies Inc by 11.42% during the most recent quarter end. The investment management company now holds a total of 2,569,273 shares of Net 1 UEPS Technologies Inc which is valued at $26,103,814 after selling 331,355 shares in Net 1 UEPS Technologies Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Net 1 UEPS Technologies Inc makes up approximately 5.62% of Philadelphia Financial Management Of San Francisco’s portfolio.
Other Hedge Funds, Including , Wasatch Advisors Inc added UEPS to its portfolio by purchasing 46,209 company shares during the most recent quarter which is valued at $469,483. Net 1 UEPS Technologies Inc makes up approx 0.01% of Wasatch Advisors Inc’s portfolio.Symphony Asset Management reduced its stake in UEPS by selling 16,355 shares or 27.1% in the most recent quarter. The Hedge Fund company now holds 43,993 shares of UEPS which is valued at $446,969. Net 1 UEPS Technologies Inc makes up approx 0.08% of Symphony Asset Management’s portfolio.Blackrock Advisors reduced its stake in UEPS by selling 5,573 shares or 3.23% in the most recent quarter. The Hedge Fund company now holds 166,709 shares of UEPS which is valued at $1,693,763. Old Mutual Global Investors (uk) Ltd. added UEPS to its portfolio by purchasing 7,142 company shares during the most recent quarter which is valued at $74,634.
Net 1 UEPS Technologies Inc closed down -0.29 points or -2.97% at $9.48 with 2,51,052 shares getting traded on Thursday. Post opening the session at $9.82, the shares hit an intraday low of $9.46 and an intraday high of $9.85 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.