USA Technologies, Inc. (NASDAQ:USAT) Major Shareholder Hudson Executive Capital Lp Acquires 165,000 Shares

USA Technologies, Inc. (NASDAQ:USAT) major shareholder Hudson Executive Capital Lp acquired 165,000 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was acquired at an average price of $7.26 per share, for a total transaction of $1,197,900.00. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Hudson Executive Capital Lp also recently made the following trade(s):

  • On Monday, October 14th, Hudson Executive Capital Lp acquired 80,000 shares of USA Technologies stock. The stock was acquired at an average price of $6.70 per share, for a total transaction of $536,000.00.
  • On Wednesday, September 25th, Hudson Executive Capital Lp acquired 1,176,000 shares of USA Technologies stock. The stock was acquired at an average price of $4.43 per share, for a total transaction of $5,209,680.00.
  • On Monday, September 23rd, Hudson Executive Capital Lp acquired 143,200 shares of USA Technologies stock. The stock was acquired at an average price of $4.46 per share, for a total transaction of $638,672.00.
  • On Thursday, August 1st, Hudson Executive Capital Lp acquired 1,000,252 shares of USA Technologies stock. The stock was acquired at an average price of $6.93 per share, for a total transaction of $6,931,746.36.

NASDAQ USAT traded up $0.15 during mid-day trading on Friday, reaching $7.15. 63,479 shares of the stock were exchanged, compared to its average volume of 1,383,327. USA Technologies, Inc. has a 1 year low of $3.19 and a 1 year high of $8.45. The business’s 50 day moving average is $6.04 and its 200-day moving average is $6.78.

Institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC acquired a new stake in USA Technologies during the second quarter worth about $178,000. Sargent Investment Group LLC increased its position in USA Technologies by 29.0% during the second quarter. Sargent Investment Group LLC now owns 1,105,626 shares of the technology company’s stock worth $8,215,000 after purchasing an additional 248,243 shares during the last quarter. P.A.W. Capital Corp increased its position in USA Technologies by 12.5% during the second quarter. P.A.W. Capital Corp now owns 360,000 shares of the technology company’s stock worth $2,675,000 after purchasing an additional 40,000 shares during the last quarter. BlackRock Inc. increased its position in USA Technologies by 5.7% during the second quarter. BlackRock Inc. now owns 4,015,931 shares of the technology company’s stock worth $29,839,000 after purchasing an additional 215,179 shares during the last quarter. Finally, 1492 Capital Management LLC acquired a new stake in USA Technologies during the second quarter worth about $772,000. Hedge funds and other institutional investors own 70.32% of the company’s stock.

A number of analysts have recently weighed in on the stock. Craig Hallum assumed coverage on shares of USA Technologies in a research note on Thursday, October 10th. They issued a “buy” rating and a $10.00 price objective on the stock. Lake Street Capital upgraded shares of USA Technologies from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a research note on Friday, October 11th. ValuEngine raised shares of USA Technologies from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. BidaskClub raised shares of USA Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st. Finally, William Blair assumed coverage on shares of USA Technologies in a report on Tuesday, October 15th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $8.33.

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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