S Squared Technology LLC grew its holdings in USA Technologies, Inc. (NASDAQ:USAT) by 15.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 488,031 shares of the technology company’s stock after acquiring an additional 66,200 shares during the period. S Squared Technology LLC’s holdings in USA Technologies were worth $2,025,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also bought and sold shares of USAT. Sargent Investment Group LLC acquired a new position in USA Technologies in the fourth quarter valued at $3,695,000. Deutsche Bank AG grew its position in USA Technologies by 427.3% during the fourth quarter. Deutsche Bank AG now owns 1,006,453 shares of the technology company’s stock worth $3,914,000 after buying an additional 815,585 shares during the period. Wasatch Advisors Inc. grew its position in USA Technologies by 52.8% during the first quarter. Wasatch Advisors Inc. now owns 1,718,713 shares of the technology company’s stock worth $7,133,000 after buying an additional 594,045 shares during the period. Two Sigma Investments LP acquired a new position in USA Technologies during the fourth quarter worth about $2,060,000. Finally, RK Capital Management LLC grew its position in USA Technologies by 56.8% during the fourth quarter. RK Capital Management LLC now owns 1,166,700 shares of the technology company’s stock worth $4,538,000 after buying an additional 422,700 shares during the period. Institutional investors and hedge funds own 65.74% of the company’s stock.
A number of brokerages recently issued reports on USAT. Zacks Investment Research upgraded shares of USA Technologies from a “hold” rating to a “buy” rating and set a $5.75 target price on the stock in a research report on Friday, April 19th. Lake Street Capital increased their price target on shares of USA Technologies from $4.50 to $7.00 and gave the stock a “hold” rating in a research note on Thursday, June 6th. Finally, BidaskClub raised shares of USA Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 13th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $8.00.
NASDAQ:USAT traded down $0.23 during mid-day trading on Friday, hitting $7.68. The stock had a trading volume of 18,936 shares, compared to its average volume of 1,175,280. The company has a market cap of $468.61 million, a PE ratio of 111.57 and a beta of 1.58. USA Technologies, Inc. has a 52 week low of $3.19 and a 52 week high of $16.83.
USA Technologies Company Profile
USA Technologies, Inc provides wireless networking, cashless transactions, asset monitoring, and other value-added services in the United States and internationally. It designs and markets systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (M2M) services.
Featured Article: What are popular green investing opportunities?
Want to see what other hedge funds are holding USAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for USA Technologies, Inc. (NASDAQ:USAT).
Receive News & Ratings for USA Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USA Technologies and related companies with MarketBeat.com's FREE daily email newsletter.