Euronet Worldwide, Inc. (EEFT) Stake Lowered by Flinton Capital Management LLC

Flinton Capital Management LLC decreased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 69.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,472 shares of the business services provider’s stock after selling 7,984 shares during the quarter. Flinton Capital Management LLC’s holdings in Euronet Worldwide were worth $355,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Euronet Worldwide by 2.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,202 shares of the business services provider’s stock valued at $430,000 after purchasing an additional 100 shares during the period. CWM LLC raised its position in shares of Euronet Worldwide by 66.1% in the fourth quarter. CWM LLC now owns 294 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 117 shares during the period. Renaissance Group LLC raised its position in shares of Euronet Worldwide by 2.5% in the fourth quarter. Renaissance Group LLC now owns 5,396 shares of the business services provider’s stock valued at $552,000 after purchasing an additional 134 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in shares of Euronet Worldwide by 21.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the business services provider’s stock valued at $87,000 after purchasing an additional 150 shares during the period. Finally, BB&T Securities LLC raised its position in shares of Euronet Worldwide by 2.9% in the fourth quarter. BB&T Securities LLC now owns 10,111 shares of the business services provider’s stock valued at $1,035,000 after purchasing an additional 284 shares during the period.

A number of equities analysts have recently commented on the stock. Piper Jaffray Companies lifted their price target on shares of Euronet Worldwide to $159.00 in a research report on Tuesday, March 5th. Zacks Investment Research upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Thursday, February 14th. DA Davidson raised their price objective on shares of Euronet Worldwide to $152.00 and gave the stock a “buy” rating in a research note on Monday, February 11th. SunTrust Banks raised their price objective on shares of Euronet Worldwide to $145.00 and gave the stock a “buy” rating in a research note on Monday, February 11th. Finally, Needham & Company LLC restated a “buy” rating and issued a $160.00 price objective (up previously from $135.00) on shares of Euronet Worldwide in a research note on Monday, February 11th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Euronet Worldwide has an average rating of “Buy” and a consensus price target of $142.50.

Shares of Euronet Worldwide stock opened at $140.47 on Friday. The firm has a market capitalization of $7.17 billion, a PE ratio of 26.45, a P/E/G ratio of 1.56 and a beta of 1.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.51 and a current ratio of 1.51. Euronet Worldwide, Inc. has a 1 year low of $70.67 and a 1 year high of $143.17.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Thursday, February 7th. The business services provider reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.16. The business had revenue of $649.40 million for the quarter, compared to the consensus estimate of $663.82 million. Euronet Worldwide had a net margin of 9.18% and a return on equity of 25.05%. Euronet Worldwide’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $1.13 earnings per share. On average, sell-side analysts anticipate that Euronet Worldwide, Inc. will post 6.63 earnings per share for the current year.

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Euronet Worldwide Company Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.

Further Reading: What is an Initial Public Offering (IPO)?

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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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