James Smith (Insider Trades), CFO of USA Technologies Inc. (USAT), bought 7,500 shares of the company on Sept. 14. The average price per share was $2.98, for a total transaction cost of $22,350. USA Technologies Inc. provides wireless, cashless payment and machine-to-machine (M2M)/Internet of Things (IoT) solutions for small-ticket, self-serve retailing industries. The company has a market cap of $121.59 million and a P/S ratio of 1.98.
The number and volume of insider buys decreased, while the number and volume of insider sales of USAT increased from 2012 to 2015. In 2012, there were 12 insider buys totaling 174,470 shares of the company, and no insider sales. In 2013, there were two insider buys totaling 15,500 shares, and one insider sale of 8,000 shares of USAT. By 2015, there were again two insider sales of the company, but only totaling 11,900 shares, and two insider buys of 42,365 shares. There were no insider transactions with the company during 2014. Smith only made one transaction with the company since April 2006. The earliest transaction with the company in April 2006, at an average price of $7 per share, decreased about 50% in price since then. 
For more information about insider transactions with the company, click here.
The company reported net income of $69,000 in the second quarter of 2015, up from a net loss of $39,000 in the year-ago quarter. Total revenue also increased during this period of time from $11.207 million to $17.646 million. This can be attributed to the 227% increase in equipment sales within this time period. Both annual revenue and annual net income follow an increasing trend since 2000. Annual revenue increased 25.13% since 2010. 
The company announced that studies show consumers using a cashless payment method at a USAT ePort have a 32% higher ticket on average. Based on these results, the company decided to add 31,000 net new connections in its services in the fourth fiscal quarter of 2015 ended on June 30, for a total of 333,000 connections to its ePort Connect Service, an increase of 25% since the fourth quarter fiscal 2014.
According to GuruFocus.com information, USA Technologies Inc. has a business predictability rank of 1 out of 5 stars. For more information about business predictability rank, click here.
One guru reduced their stake in the company during the second quarter of 2015. Jim Simons (Trades, Portfolio) (Trades, Portfolio) sold 205,800 shares of the company for an average price of $2.94 per share. This transaction decreased his stake in the company by 91.14%. The total estimated gain of the company since the first quarter of 2013 is 24%. For more information about guru transactions with USA Technologies Inc., click here.
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