Finance Corp International Sells 2,103,069 Shares of Lesaka Technologies (NASDAQ:LSAK) Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 2,103,069 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $4.00, for a total transaction of $8,412,276.00. Following the completion of the transaction, the insider directly owned 5,099,627 shares in the company, valued at $20,398,508. This represents a 29.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large 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 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 transaction of $433.00.

Lesaka Technologies Trading Up 2.2%

Shares of Lesaka Technologies stock opened at $4.66 on Friday. The firm has a market cap of $391.07 million, a price-to-earnings ratio of -7.40 and a beta of 0.46. Lesaka Technologies, Inc. has a 52-week low of $3.39 and a 52-week high of $5.10. The company’s 50-day simple moving average is $4.61 and its 200-day simple moving average is $4.37. The company has a quick ratio of 1.43, a current ratio of 1.57 and a debt-to-equity ratio of 1.09.

Lesaka Technologies (NASDAQ:LSAK) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. Lesaka Technologies had a negative net margin of 7.87% and a negative return on equity of 28.23%. The firm had revenue of $93.40 million during the quarter, compared to the consensus estimate of $166.00 million. Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. As a group, equities research analysts anticipate that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current year.

Lesaka Technologies News Roundup

Here are the key news stories impacting Lesaka Technologies this week:

• Neutral Sentiment: Major shareholder Finance Corp International still holds a material stake — roughly 6.03 million shares (valued at about $27.7M) after recent small disposals, which means the selling appears to be trimming rather than a full exit. SEC Ownership Filing
• Negative Sentiment: Large, previously disclosed block sale: Finance Corp sold 2,103,069 shares on May 19 (avg. $4.00) for ~$8.41M, a 29.2% reduction in that holding — a meaningful past reduction that reduced a major shareholder’s stake and can weigh on sentiment. SEC Ownership Filing
• Negative Sentiment: Recent uptick in bearish positioning: reported short interest in LSAK expanded by 24.7%, which raises the risk of continued downward pressure or increased volatility if shorts remain active. Short Interest in Lesaka Technologies, Inc. (NASDAQ:LSAK) Expands By 24.7%
• Negative Sentiment: High-price monetization earlier this year: Finance Corp sold large tranches in February (e.g., 42,100 shares at $10.83 and 20,220 at $11.06), indicating substantial profit-taking when the stock traded much higher — a historic supply event that reduced long-term insider exposure. SEC Ownership Filing
• Negative Sentiment: Ongoing small trims: More recent small-scale sales (March 4 — 6,823 shares at $4.65; March 5 — 4,290 shares at $4.59) show the major shareholder continues to trim, which can sap momentum even if dollar amounts are modest. SEC Ownership Filing

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wall Street Zen raised Lesaka Technologies to a “hold” rating in a report on Saturday, February 14th. Zacks Research upgraded Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lesaka Technologies in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Institutional Investors Weigh In On Lesaka Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rathbones Group PLC grew its holdings in shares of Lesaka Technologies by 90.2% in the 2nd quarter. Rathbones Group PLC now owns 3,419,420 shares of the company’s stock worth $15,353,000 after acquiring an additional 1,622,088 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new position in Lesaka Technologies during the second quarter worth $595,000. Citadel Advisors LLC raised its holdings in Lesaka Technologies by 26.4% during 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 during the last quarter. Susquehanna International Group LLP purchased a new stake in Lesaka Technologies during the third quarter worth $74,000. Finally, Potomac Capital Management Inc. acquired a new stake in Lesaka Technologies in the fourth quarter valued at $4,766,000. 24.19% of the stock is currently owned by institutional investors and hedge funds.

Lesaka Technologies Company Profile

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.