USA Technologies Inc. (NASDAQ:USAT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “USA Technologies is a leader in the networking of distributed assets, wireless non-cash transactions, associated financial/network services and energy management. USA Technologies provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries. USA Technologies is an IBM Business Partner. The Company has marketing agreements with Cingular Wireless, Honeywell, MEI, Unilever and ZiLOG Corporation. “
USA Technologies (NASDAQ:USAT) opened at 4.30 on Wednesday. USA Technologies has a 12 month low of $2.69 and a 12 month high of $5.81. The company’s market capitalization is $173.28 million. The company has a 50-day moving average price of $4.67 and a 200 day moving average price of $4.68.
USA Technologies (NASDAQ:USAT) last announced its quarterly earnings data on Wednesday, November 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.04. USA Technologies had a negative return on equity of 3.92% and a negative net margin of 11.69%. The company had revenue of $21.60 million for the quarter, compared to the consensus estimate of $21.31 million. On average, equities research analysts forecast that USA Technologies will post ($0.02) EPS for the current fiscal year.
Several large investors have recently made changes to their positions in USAT. BlackRock Fund Advisors boosted its stake in shares of USA Technologies by 958.0% in the second quarter. BlackRock Fund Advisors now owns 937,399 shares of the company’s stock worth $4,003,000 after buying an additional 848,801 shares in the last quarter. BlackRock Investment Management LLC raised its position in USA Technologies by 2,233.3% in the second quarter. BlackRock Investment Management LLC now owns 140,113 shares of the company’s stock worth $598,000 after buying an additional 134,108 shares during the last quarter. Vanguard Group Inc. raised its position in USA Technologies by 11.7% in the second quarter. Vanguard Group Inc. now owns 1,297,670 shares of the company’s stock worth $5,541,000 after buying an additional 135,815 shares during the last quarter. Hancock Holding Co. acquired a new position in USA Technologies during the second quarter worth $107,000. Finally, Dimensional Fund Advisors LP raised its position in USA Technologies by 42.0% in the second quarter. Dimensional Fund Advisors LP now owns 102,008 shares of the company’s stock worth $436,000 after buying an additional 30,158 shares during the last quarter. Institutional investors own 42.38% of the company’s stock.
USA Technologies Company Profile
USA Technologies, Inc provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale market. The Company is a provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other market segments, such as amusement, commercial laundry, kiosk and others.