Price Action Alert: What’s Ahead for Net 1 UEPS Technologies Inc After Today’s Significant Increase?

Price Action Alert: What's Ahead for Net 1 UEPS Technologies Inc After Today's Significant Increase?

The stock of Net 1 UEPS Technologies Inc (NASDAQ:UEPS) is a huge mover today! The stock increased 4.56% or $0.39 on October 3, hitting $8.95. About 190,749 shares traded hands. Net 1 UEPS Technologies Inc (NASDAQ:UEPS) has declined 6.24% since February 29, 2016 and is downtrending. It has underperformed by 18.46% the S&P500.
The move comes after 5 months positive chart setup for the $494.33M company. It was reported on Oct, 4 by Barchart.com. We have $19.96 PT which if reached, will make NASDAQ:UEPS worth $608.03 million more.

According to Zacks Investment Research, “Net 1 U.E.P.S. Technologies provides its universal electronic payment system as an alternative payment system for the unbanked and under-banked populations of developing economies. Net 1 believes that it is the first company worldwide to implement a system that can enable the estimated four billion people who generally have limited or no access to a bank account to enter affordably into electronic transactions with each other, government agencies, employers, merchants and other financial service providers.”

Insitutional Activity: The institutional sentiment increased to 1 in Q2 2016. Its up 0.19, from 0.81 in 2016Q1. The ratio improved, as 17 funds sold all Net 1 UEPS Technologies Inc shares owned while 38 reduced positions. 20 funds bought stakes while 35 increased positions. They now own 26.73 million shares or 4.39% less from 27.95 million shares in 2016Q1.
Financial Bank Of America Corporation De accumulated 0% or 4,127 shares. Moreover, Ubs Asset Mngmt Americas Incorporated has 0% invested in Net 1 UEPS Technologies Inc (NASDAQ:UEPS) for 26,490 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in Net 1 UEPS Technologies Inc (NASDAQ:UEPS). Diam Ltd accumulated 0% or 13,057 shares. Royal Commercial Bank Of Canada holds 0% of its portfolio in Net 1 UEPS Technologies Inc (NASDAQ:UEPS) for 4,812 shares. Rdl Incorporated last reported 110,579 shares in the company. Morgan Stanley holds 0% of its portfolio in Net 1 UEPS Technologies Inc (NASDAQ:UEPS) for 369,421 shares. Moreover, Bnp Paribas Arbitrage has 0% invested in Net 1 UEPS Technologies Inc (NASDAQ:UEPS) for 503 shares. Susquehanna Int Group Inc Limited Liability Partnership holds 0% of its portfolio in Net 1 UEPS Technologies Inc (NASDAQ:UEPS) for 127,423 shares. Moreover, Utd Financial Advisers Limited Liability Company has 0.02% invested in Net 1 UEPS Technologies Inc (NASDAQ:UEPS) for 199,885 shares. Blackrock Incorporated holds 0% of its portfolio in Net 1 UEPS Technologies Inc (NASDAQ:UEPS) for 14 shares. Boston Prtn has invested 0% of its portfolio in Net 1 UEPS Technologies Inc (NASDAQ:UEPS). Nelson Van Denburg & Campbell Wealth Management Grp Ltd Liability holds 0.01% of its portfolio in Net 1 UEPS Technologies Inc (NASDAQ:UEPS) for 2,500 shares. Cubist Systematic Strategies Ltd Com last reported 0.01% of its portfolio in the stock. State Street has invested 0% of its portfolio in Net 1 UEPS Technologies Inc (NASDAQ:UEPS).

Insider Transactions: Since September 6, 2016, the stock had 0 insider buys, and 3 insider sales for $122,000 net activity. Belamant Philip Marc had sold 1,119 shares worth $10,742 on Monday, September 12. Edwards Paul also sold $41,598 worth of Net 1 UEPS Technologies Inc (NASDAQ:UEPS) shares. 7,174 shares were sold by Seabrooke Christopher Stefan, worth $69,660 on Tuesday, September 6.

More important recent Net 1 UEPS Technologies Inc (NASDAQ:UEPS) news were published by: Marketwatch.com which released: “Net 1 UEPS Technologies Inc.” on December 22, 2009, also Fool.com published article titled: “Why Net 1 UEPS Technologies Inc. Stock Skyrocketed Today”, Marketwired.com published: “Net 1 UEPS Technologies, Inc. to Host Conference Call to Review Fourth Quarter …” on August 04, 2016. More interesting news about Net 1 UEPS Technologies Inc (NASDAQ:UEPS) was released by: Marketwired.com and their article: “Net 1 UEPS Technologies, Inc. Reports First Quarter 2016 Results” with publication date: November 05, 2015.

UEPS Company Profile

Net 1 UEPS Technologies, Inc., incorporated on May 8, 1997, is a well-known provider of payment solutions, transaction processing services and financial technology across multiple industries. The Firm develops and markets a transaction processing solution that encompasses its smart card alternative payment system for the unbanked and under-banked populations of developing economies and for mobile transaction channels. The Firm operates through three divisions: South African transaction processing, International transaction processing, and Financial inclusion and applied technologies. The Firm also provides secure transaction technology solutions and services, by offering transaction processing, financial and clinical risk management solutions to various industries. It offers secure online transaction processing, cryptography, mobile telephony, integrated circuit card (chip/smart card) technologies, and the design and provision of financial and value-added services to its cardholder base.

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