Euronet Worldwide, Inc. (NASDAQ:EEFT) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 738,900 shares, a decline of 14.8% from the May 30th total of 867,600 shares. Based on an average trading volume of 442,500 shares, the short-interest ratio is currently 1.7 days. Currently, 1.5% of the company’s stock are sold short.
A number of research firms recently commented on EEFT. DA Davidson lifted their target price on Lululemon Athletica to $180.00 and gave the stock a “neutral” rating in a report on Thursday, June 13th. Wells Fargo & Co decreased their target price on MSC Industrial Direct from $85.00 to $80.00 and set a “market perform” rating for the company in a report on Thursday, April 11th. Finally, BidaskClub downgraded Xencor from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 11th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $152.74.
In other news, VP Jeffrey B. Newman sold 5,461 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $161.12, for a total transaction of $879,876.32. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.40% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the business. Meridian Wealth Management LLC acquired a new position in Euronet Worldwide in the first quarter valued at approximately $43,000. Flagship Harbor Advisors LLC acquired a new position in Euronet Worldwide in the first quarter valued at approximately $45,000. Captrust Financial Advisors lifted its holdings in Euronet Worldwide by 163.0% in the fourth quarter. Captrust Financial Advisors now owns 668 shares of the business services provider’s stock valued at $68,000 after acquiring an additional 414 shares during the period. Advisory Services Network LLC lifted its holdings in Euronet Worldwide by 7,142.9% in the fourth quarter. Advisory Services Network LLC now owns 1,014 shares of the business services provider’s stock valued at $104,000 after acquiring an additional 1,000 shares during the period. Finally, Tortoise Index Solutions LLC acquired a new position in Euronet Worldwide in the first quarter valued at approximately $105,000. 99.50% of the stock is owned by institutional investors.
Shares of Euronet Worldwide stock traded down $0.95 on Friday, reaching $168.41. 274,385 shares of the stock were exchanged, compared to its average volume of 375,919. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.28 and a quick ratio of 1.28. Euronet Worldwide has a twelve month low of $82.72 and a twelve month high of $171.25. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 31.72, a price-to-earnings-growth ratio of 1.90 and a beta of 1.16. The company has a 50 day simple moving average of $161.93.
Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Monday, April 29th. The business services provider reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.02. Euronet Worldwide had a return on equity of 24.83% and a net margin of 9.40%. The firm had revenue of $577.50 million during the quarter, compared to the consensus estimate of $602.73 million. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. On average, research analysts predict that Euronet Worldwide will post 6.7 earnings per share for the current fiscal year.
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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