Fiera Capital Corp cut its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,436 shares of the business services provider’s stock after selling 483 shares during the quarter. Fiera Capital Corp owned approximately 0.06% of Euronet Worldwide worth $2,524,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Axiom International Investors LLC DE increased its position in Euronet Worldwide by 15.6% in the fourth quarter. Axiom International Investors LLC DE now owns 29,780 shares of the business services provider’s stock worth $4,692,000 after purchasing an additional 4,016 shares during the period. Envestnet Asset Management Inc. increased its position in Euronet Worldwide by 13.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 43,070 shares of the business services provider’s stock worth $6,786,000 after purchasing an additional 5,113 shares during the period. Alliancebernstein L.P. increased its position in Euronet Worldwide by 538.1% in the fourth quarter. Alliancebernstein L.P. now owns 841,960 shares of the business services provider’s stock worth $132,659,000 after purchasing an additional 710,010 shares during the period. CIBC Private Wealth Group LLC increased its position in Euronet Worldwide by 42.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 506,889 shares of the business services provider’s stock worth $79,865,000 after purchasing an additional 151,820 shares during the period. Finally, Marshall Wace North America L.P. acquired a new stake in Euronet Worldwide in the fourth quarter worth about $86,000. Institutional investors own 92.94% of the company’s stock.
EEFT has been the subject of a number of research reports. Citigroup lowered their price objective on Euronet Worldwide from $100.00 to $96.00 and set a “buy” rating for the company in a research report on Monday, May 18th. ValuEngine upgraded Euronet Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, February 11th. Zacks Investment Research upgraded Euronet Worldwide from a “sell” rating to a “hold” rating and set a $136.00 target price for the company in a research report on Wednesday, February 26th. BidaskClub upgraded Euronet Worldwide from a “strong sell” rating to a “sell” rating in a research report on Thursday. Finally, Northland Securities assumed coverage on Euronet Worldwide in a research report on Friday, April 3rd. They set a “buy” rating and a $125.00 target price for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $131.33.
NASDAQ:EEFT opened at $92.42 on Friday. Euronet Worldwide, Inc. has a fifty-two week low of $61.27 and a fifty-two week high of $171.25. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market capitalization of $4.82 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 10.27 and a beta of 1.22. The business’s 50-day simple moving average is $85.48 and its 200-day simple moving average is $128.01.
Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Tuesday, April 28th. The business services provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.14). Euronet Worldwide had a net margin of 11.40% and a return on equity of 24.88%. The business had revenue of $583.90 million for the quarter, compared to the consensus estimate of $591.50 million. During the same quarter last year, the firm earned $0.85 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, research analysts expect that Euronet Worldwide, Inc. will post 0.9 earnings per share for the current year.
In other Euronet Worldwide news, VP Jeffrey B. Newman sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $124.20, for a total value of $621,000.00. Following the sale, the vice president now owns 6,981 shares in the company, valued at approximately $867,040.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director M Jeannine Strandjord bought 2,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was purchased at an average price of $100.13 per share, for a total transaction of $200,260.00. Following the purchase, the director now directly owns 43,305 shares in the company, valued at approximately $4,336,129.65. The disclosure for this purchase can be found here. Insiders own 6.30% of the company’s stock.
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's Electronic Financial Transaction (EFT) Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit card outsourcing, card issuing, and merchant acquiring services.
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