Maxim analyst Allen Klee lowered his price target on on Net 1 UEPS to $18 after its reported Q4 earnings miss, even though he notes that EPS would have beat "excluding fair value adjustments". The analyst states that the company's FY19 EPS view of $1.05 was also worse than expected, reflecting the weakness from the SASSA government profitability and adverse currency impact. Klee still keeps his Buy rating on Net 1 UEPS longer term on the potential benefits of South Africa Supreme Court decision on new SASSA rates, its telecom investments, and the stabilization of its South Korean KSNET payment business.