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USAT $12.16

USAT target price
12.16
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0
USA Technologies Inc.
Type
Public
Traded as NASDAQ: USAT
Industry Point of sale software
Founded Pennsylvania, 1992
Headquarters Malvern, Pennsylvania, United States
Key people
Stephen P. Herbert President, Chairman and CEO
Products ePort
ePort Mobile
ePort Online
MORE, a loyalty and Prepaid Consumer Engagement system
Quickconnect Web Services
EnergyMiser
and more...
Website www.usatech.com

USA Technologies Inc. is an American company known for its work with ePort cashless acceptance technology running on their patented ePort Connect service a PCI compliant, comprehensive suite of services designed specifically for the self serve, unattended market. ePort Connect wirelessly facilitates electronic payment options to consumers (so that payment can be made with credit, debit, or NFC enabled electronic wallets like Apple Pay and Android Pay) while providing operators with both telemetry and machine-to-machine (M2M) services. ePort technology is primarily found in vending machines, kiosks and point-of-sale (POS) terminals, but the ePort Online and ePort Mobile products have extended the network to accept recurring payments from a PC or retail outlets and the taxi industry through smartphone devices. The company also produced other technology to address needs within the unattended industry such as the More Prepaid and Loyalty consumer engage program, ePort beacon, facilitating Bluetooth payment options, and the EnergyMiser, a device that reduces the energy consumption of vending machines.

USA Technologies was founded in 1992 and holds more than 87 patents on their products and services. USAT's patents pertain to all aspects of their industry, ranging from payment processing, transaction methods, and terminal connection methods, to energy management and telematics. There currently are over 250,000 connections to its ePort Connect Service. More recently, the company was named to Deloitte L.L.P’s 2014 Technology Fast 500 List of the fastest growing companies in North America. they worked with Setomatic Systems to be the first to bring NFC technology in the Self Service Laundry market The Nilson Report ranked USA Technologies 6th in US (and 28th Worldwide) in POS shipments and they received the 2014 Frost and Sullivan North American Customer Value Leadership Award in Financial Services and Retail M2M Communications.

In 2010, a proxy fight for the company's board of directors took place with shareholder group SAVE Partners. This proxy fight ended with the addition of two SAVE Board candidates and modification of company policies. In 2012, there was another proxy fight involving SAVE, but this dispute resulted in no change to the board.

USA Technologies' CEO George Jensen resigned in October 2011 after he was revealed to be posting company information to an investor board. Stephen Herbert was subsequently appointed as CEO and has been spearheading USA Technologies subsequent growth.

USA Technologies' primary product is the ePort, a cashless payment terminal for vending machines, kiosks, and POS terminals. The ePort EDGE accepts magnetic swipe cards, and the ePort G8 & G9 series also accept contactless cards, FOB, PIN, and virtual wallets such as Apple Pay and Softcard.

In 2010, the ePort EDGE won the National Automatic Merchandising Association (NAMA) award for innovation in cashless vending technology. NAMA is the vending industry's national body.

Recently, the company was ranked once again among the leading shippers of point-of-sale terminals by The Nilson Report, a source of news and research on consumer payment systems worldwide. In 2013 the report ranked it 6th in POS shipments in the United States and 28th in the world.(In 2009, they ranked 6th in the US and 31st in the world)

The company started the Business Express, an online business center service for hotels and convention centers.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2018 2021-06-24 Future report Set alerts
Q2 2018 2021-02-04 0.00 0.00
Q4 2018 2019-09-27 0.00 0.00
Q1 2019 2018-12-17 0.00 0.00

Ratings

2016-02-16 Boost Price Target Northland Securities Outperform $4.50 to $4.75
2015-11-16 Boost Price Target Northland Securities Outperform $4.00 to $4.50
2015-09-14 Upgrade Barrington Research Market Perform to Outperform $4.00
2015-07-09 Initiated Coverage HC Wainwright Buy
2015-05-14 Reiterated Rating Northland Securities Outperform $3.50 to $4.00
2015-05-13 Initiated Coverage Feltl & Co. Buy $4.00
2015-01-12 Initiated Coverage Craig Hallum Buy $3.00
2014-09-29 Downgrade Barrington Research Outperform to Market Perform $3.00 to $3.50
2014-06-27 Initiated Coverage HC Wainwright Buy $2.65
2014-05-14 Lower Price Target Northland Securities Outperform $3.50 to $3.00
2013-10-30 Initiated Coverage Sidoti Buy
2011-05-25 Initiated Northland Securities Outperform $3
2008-02-13 Initiated Merriman Curhan Ford Buy
2016-02-16 Boost Price Target Northland Securities Outperform $4.50 to $4.75
2015-11-16 Boost Price Target Northland Securities Outperform $4.00 to $4.50
2015-09-14 Upgrade Barrington Research Market Perform to Outperform $4.00
2015-07-09 Initiated Coverage HC Wainwright Buy
2015-05-14 Reiterated Rating Northland Securities Outperform $3.50 to $4.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Illes Steve Gabe 1.90%  (674400) USAT /
HERBERT STEPHEN P CEO 1.11%  (396309) USAT /
Barnhart Steven 0.90%  (319694) RATE / SHOS / USAT /
DEMEDIO DAVID M CFO 0.44%  (157232) USAT /
Schoch William J 0.33%  (117592) USAT /
Reilly William J. Jr. 0.30%  (105938) USAT /
LAWLOR MICHAEL K Chief Services Officer 0.26%  (94159) USAT /
LURIO DOUGLAS M 0.21%  (73904) USAT /
BROOKS JOEL 0.20%  (72677) USAT /
Arnold Deborah Grant 0.16%  (55183) USAT /
Petito Frank 0.13%  (46238) USAT /
Metzger Robert 0.08%  (29580) USAT / WAGE /
MOSCHNER ALBIN F 0.06%  (20000) USAT / WTFC /
Singh Priyanka Chief Financial Officer 0.05%  (17790) USAT /
SMITH JAMES DUNCAN Chief Financial Officer 0.02%  (7500) BMTC / USAT /