USA Technologies, Inc. (NASDAQ:USAT) Shares Bought by S Squared Technology LLC

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.

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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.

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Institutional Ownership by Quarter for USA Technologies (NASDAQ:USAT)

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