Finance Corp International Sells 27,767 Shares of Lesaka Technologies (NASDAQ:LSAK) Stock

Key Points

• Finance Corp International sold 27,767 shares of Lesaka Technologies (LSAK) on March 9 at an average of $4.56 for $126,617.52, trimming its stake by 0.46% to 6,035,962 shares valued at about $27.52 million; the holder also executed additional sales on March 4–6 and Dec. 17.
• Lesaka shares traded near $4.61 (52‑week range $3.39–$5.10); the company reported $0.08 EPS beating estimates but revenue of $93.4M missed the $166M consensus, and it shows negative ROE and net margin amid mixed analyst ratings (average "Reduce").

Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report) major shareholder Finance Corp International sold 27,767 shares of the company's stock in a transaction on Monday, March 9th. The shares were sold at an average price of $4.56, for a total transaction of $126,617.52. Following the completion of the sale, the insider directly owned 6,035,962 shares of the company's stock, valued at $27,523,986.72. This trade represents a 0.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Finance Corp International also recently made the following trade(s):

• On Friday, March 6th, Finance Corp International sold 9,224 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.64, for a total transaction of $42,799.36.
• On Thursday, March 5th, Finance Corp International sold 4,290 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.59, for a total transaction of $19,691.10.
• On Wednesday, March 4th, Finance Corp International sold 6,823 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.65, for a total transaction of $31,726.95.
• On Wednesday, December 17th, Finance Corp International sold 100 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.33, for a total value of $433.00.

Lesaka Technologies Price Performance

Shares of NASDAQ LSAK traded up $0.01 during midday trading on Tuesday, reaching $4.61. The company had a trading volume of 84,439 shares, compared to its average volume of 63,509. Lesaka Technologies, Inc. has a one year low of $3.39 and a one year high of $5.10. The firm's fifty day moving average price is $4.61 and its 200-day moving average price is $4.36. The company has a current ratio of 1.57, a quick ratio of 1.43 and a debt-to-equity ratio of 1.09.

Lesaka Technologies (NASDAQ:LSAK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.04. Lesaka Technologies had a negative return on equity of 28.23% and a negative net margin of 7.87%.The business had revenue of $93.40 million for the quarter, compared to analysts' expectations of $166.00 million. Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. Equities analysts predict that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current fiscal year.

Institutional Trading of Lesaka Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Susquehanna International Group LLP bought a new position in shares of Lesaka Technologies in the 3rd quarter worth approximately $74,000. Citadel Advisors LLC raised its holdings in Lesaka Technologies by 26.4% in the third quarter. Citadel Advisors LLC now owns 18,977 shares of the company's stock worth $79,000 after purchasing an additional 3,959 shares in the last quarter. 9823 Capital L.P. purchased a new position in Lesaka Technologies during the fourth quarter valued at $94,000. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new position in Lesaka Technologies during the second quarter valued at $595,000. Finally, Barclays PLC boosted its holdings in shares of Lesaka Technologies by 13,359.8% during the 4th quarter. Barclays PLC now owns 141,866 shares of the company's stock valued at $677,000 after buying an additional 140,812 shares in the last quarter. 24.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LSAK has been the subject of several recent analyst reports. Wall Street Zen raised shares of Lesaka Technologies to a "hold" rating in a research note on Saturday, February 14th. Zacks Research raised Lesaka Technologies from a "strong sell" rating to a "hold" rating in a research report on Friday, January 23rd. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Lesaka Technologies in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Lesaka Technologies has an average rating of "Reduce".

About Lesaka Technologies

Lesaka Technologies, Inc operates as a Fintech company that utilizes its proprietary banking and payment technologies to deliver financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. It offers cash management solutions, growth capital, card acquiring, bill payment technologies, and value-added services to formal and informal retail merchants, as well as banking, lending, and insurance solutions to consumers across Southern Africa. The company also engages in the sale of POS devices, SIM cards, and other consumables; and license of rights to use certain technology developed by the company, as well as offers related technology services.

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