Wells Fargo & Company MN raised its position in USA Technologies, Inc. (NASDAQ:USAT) by 10.4% during the first quarter, Holdings Channel reports. The firm owned 617,893 shares of the technology company’s stock after buying an additional 58,070 shares during the period. Wells Fargo & Company MN’s holdings in USA Technologies were worth $2,626,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the company. Paragon Capital Management Ltd acquired a new stake in USA Technologies during the first quarter worth about $963,000. Russell Investments Group Ltd. acquired a new stake in USA Technologies during the fourth quarter worth about $137,000. State Street Corp increased its stake in USA Technologies by 4.1% in the fourth quarter. State Street Corp now owns 462,118 shares of the technology company’s stock worth $1,987,000 after buying an additional 17,993 shares during the period. Granite Investment Partners LLC increased its stake in USA Technologies by 44.5% in the first quarter. Granite Investment Partners LLC now owns 736,740 shares of the technology company’s stock worth $3,131,000 after buying an additional 226,797 shares during the period. Finally, Thomson Horstmann & Bryant Inc. increased its stake in USA Technologies by 46.1% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 759,345 shares of the technology company’s stock worth $3,227,000 after buying an additional 239,640 shares during the period. 44.37% of the stock is owned by hedge funds and other institutional investors.
Shares of USA Technologies, Inc. (NASDAQ USAT) opened at 5.25 on Tuesday. The firm’s market cap is $211.74 million. The firm has a 50-day moving average of $4.95 and a 200 day moving average of $4.47. USA Technologies, Inc. has a 12 month low of $3.55 and a 12 month high of $5.81.
USA Technologies (NASDAQ:USAT) last announced its quarterly earnings results on Tuesday, May 9th. The technology company reported $0.00 earnings per share (EPS) for the quarter. The business had revenue of $26.46 million during the quarter, compared to analyst estimates of $24.34 million. USA Technologies had a negative return on equity of 3.51% and a negative net margin of 3.23%. On average, equities research analysts anticipate that USA Technologies, Inc. will post ($0.01) EPS for the current fiscal year.
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Separately, ValuEngine raised shares of USA Technologies from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd.
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 (POS) 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 unattended market segments, such as amusement, commercial laundry, kiosk and others.
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