MetLife Investment Advisors LLC lessened its position in shares of USA Technologies, Inc. (NASDAQ:USAT) by 35.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,924 shares of the technology company’s stock after selling 12,873 shares during the quarter. MetLife Investment Advisors LLC’s holdings in USA Technologies were worth $93,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Northern Trust Corp lifted its position in shares of USA Technologies by 1.2% during the 4th quarter. Northern Trust Corp now owns 688,817 shares of the technology company’s stock worth $2,681,000 after buying an additional 8,290 shares during the period. Sheets Smith Wealth Management raised its position in USA Technologies by 88.0% in the 4th quarter. Sheets Smith Wealth Management now owns 20,825 shares of the technology company’s stock valued at $81,000 after purchasing an additional 9,750 shares during the last quarter. Trellus Management Company LLC raised its position in USA Technologies by 10.0% in the 4th quarter. Trellus Management Company LLC now owns 110,000 shares of the technology company’s stock valued at $428,000 after purchasing an additional 10,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in USA Technologies in the 4th quarter valued at $56,000. Finally, Dorsey & Whitney Trust CO LLC bought a new position in USA Technologies in the 4th quarter valued at $65,000. 69.37% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on USAT shares. Zacks Investment Research upgraded USA Technologies from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a research report on Friday, April 12th. BidaskClub upgraded USA Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, January 30th. Lake Street Capital downgraded USA Technologies from a “buy” rating to a “hold” rating and cut their price objective for the company from $7.50 to $4.50 in a research report on Monday, February 11th. Finally, Northland Securities downgraded USA Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 7th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. USA Technologies presently has a consensus rating of “Buy” and an average target price of $7.17.
Shares of USAT stock traded up $0.42 on Wednesday, reaching $7.18. 2,658,617 shares of the stock were exchanged, compared to its average volume of 1,624,363. The company has a market cap of $379.81 million, a P/E ratio of 86.14 and a beta of 1.89. USA Technologies, Inc. has a one year low of $3.19 and a one year high of $16.83.
USA Technologies 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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