Here is What Hedge Funds Think About Net 1 UEPS Technologies Inc (UEPS)

As aggregate interest increased, some big names have jumped into Net 1 UEPS Technologies Inc (NASDAQ:UEPS) headfirst. Bailard Inc, led by Thomas Bailard, created the largest position in Net 1 UEPS Technologies Inc (NASDAQ:UEPS). Bailard Inc had $0.3 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $0.2 million position during the quarter. Another fund with brand new UEPS position is Chao Ku’s Nine Chapters Capital Management.

Let’s now take a look at hedge fund activity in other stocks similar to Net 1 UEPS Technologies Inc (NASDAQ:UEPS). These stocks are CEVA, Inc. (NASDAQ:CEVA), Investment Technology Group (NYSE:ITG), EPIQ Systems, Inc. (NASDAQ:EPIQ), and Nautilus, Inc. (NYSE:NLS). All of these stocks’ market caps are closest to UEPS’s market cap.

As you can see these stocks had an average of 12 hedge funds with bullish positions and the average amount invested in these stocks was $79 million. That figure was $196 million in UEPS’s case. CEVA, Inc. (NASDAQ:CEVA) is the most popular stock in this table. On the other hand EPIQ Systems, Inc. (NASDAQ:EPIQ) is the least popular one with only 9 bullish hedge fund positions. Compared to these stocks Net 1 UEPS Technologies Inc (NASDAQ:UEPS) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None