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This Metric Predicted Net 1 UEPS Technologies Inc (UEPS)’s Massive Rise

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Did you get in on Net 1 UEPS Technologies Inc (NASDAQ:UEPS) before it went bonkers today? If not, you should have watched this data.

In the eyes of many market players, hedge funds are viewed as delayed, outdated investment tools of an era lost to time. Although there are more than 8,000 hedge funds in operation in present day, this site focuses on the moguls of this group, about 525 funds. It is assumed that this group oversees most of the hedge fund industry’s total capital, and by monitoring their highest quality investments, we’ve found a few investment strategies that have historically beaten the market. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points annually for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have trumped the S&P 500 index by 33 percentage points in 11 months (find the details here).

Net 1 UEPS Technologies Inc (NASDAQ:UEPS)

Just as useful, bullish insider trading sentiment is a second way to analyze the marketplace. Just as you’d expect, there are a number of reasons for an insider to get rid of shares of his or her company, but only one, very simple reason why they would initiate a purchase. Various empirical studies have demonstrated the impressive potential of this method if shareholders know what to do (learn more here).

Thus, we’re going to study the newest info surrounding Net 1 UEPS Technologies Inc (NASDAQ:UEPS).

What have hedge funds been doing with Net 1 UEPS Technologies Inc (NASDAQ:UEPS)?

Heading into Q3, a total of 10 of the hedge funds we track were bullish in this stock, a change of 25% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a few notable hedge fund managers who were upping their stakes substantially.

According to our 13F database, Charles de Vaulx’s International Value Advisers had the biggest position in Net 1 UEPS Technologies Inc (NASDAQ:UEPS), worth close to $92.9 million, comprising 2.5% of its total 13F portfolio. On International Value Advisers’s heels is Phil Frohlich of Prescott Group Capital Management, with a $9.4 million position; 2.2% of its 13F portfolio is allocated to the company. Some other hedgies with similar optimism include Benjamin J Taylor’s Sophrosyne Capital, Jim Simons’s Renaissance Technologies and D. E. Shaw’s D E Shaw.

Consequently, specific money managers were breaking ground themselves. International Value Advisers, managed by Charles de Vaulx, initiated the biggest position in Net 1 UEPS Technologies Inc (NASDAQ:UEPS). International Value Advisers had 92.9 million invested in the company at the end of the quarter. Phil Frohlich’s Prescott Group Capital Management also made a $9.4 million investment in the stock during the quarter. The following funds were also among the new UEPS investors: Benjamin J Taylor’s Sophrosyne Capital, Jim Simons’s Renaissance Technologies, and D. E. Shaw’s D E Shaw.

Insider trading activity in Net 1 UEPS Technologies Inc (NASDAQ:UEPS)

Insider buying is at its handiest when the primary stock in question has experienced transactions within the past half-year. Over the last six-month time frame, Net 1 UEPS Technologies Inc (NASDAQ:UEPS) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll go over the relationship between both of these indicators in other stocks similar to Net 1 UEPS Technologies Inc (NASDAQ:UEPS). These stocks are Carbonite Inc (NASDAQ:CARB), Consolidated Graphics, Inc. (NYSE:CGX), Furiex Pharmaceuticals Inc (NASDAQ:FURX), CBIZ, Inc. (NYSE:CBZ), and Safeguard Scientifics, Inc (NYSE:SFE). All of these stocks are in the business services industry and their market caps are closest to UEPS’s market cap.

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