Wasatch Advisors LP cut its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT – Free Report) by 11.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 459,922 shares of the business services provider’s stock after selling 58,832 shares during the quarter. Wasatch Advisors LP’s holdings in Euronet Worldwide were worth $33,662,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Johnson Financial Group Inc. purchased a new stake in Euronet Worldwide in the 3rd quarter valued at about $26,000. Danske Bank A S purchased a new position in shares of Euronet Worldwide during the 3rd quarter worth about $26,000. Geneos Wealth Management Inc. lifted its holdings in shares of Euronet Worldwide by 48.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after acquiring an additional 109 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Euronet Worldwide in the fourth quarter worth approximately $38,000. Finally, 1620 Investment Advisors Inc. boosted its position in shares of Euronet Worldwide by 123.1% in the fourth quarter. 1620 Investment Advisors Inc. now owns 589 shares of the business services provider’s stock worth $45,000 after acquiring an additional 325 shares during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other Euronet Worldwide news, Director Thomas A. Mcdonnell bought 3,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average price of $66.87 per share, with a total value of $200,610.00. Following the purchase, the director owned 100,219 shares in the company, valued at approximately $6,701,644.53. The trade was a 3.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 12.19% of the stock is owned by insiders.
Analyst Ratings Changes
Check Out Our Latest Research Report on EEFT
Euronet Worldwide Stock Performance
NASDAQ EEFT opened at $70.47 on Wednesday. The firm has a market capitalization of $2.68 billion, a P/E ratio of 11.06, a P/E/G ratio of 0.55 and a beta of 0.82. Euronet Worldwide, Inc. has a 1-year low of $62.50 and a 1-year high of $98.52. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.37 and a quick ratio of 1.37. The business’s 50-day simple moving average is $73.19 and its 200-day simple moving average is $71.52.
Euronet Worldwide (NASDAQ:EEFT – Get Free Report) last posted its earnings results on Thursday, July 30th. The business services provider reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.11). Euronet Worldwide had a return on equity of 28.60% and a net margin of 6.63%.The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company posted $2.56 EPS. Equities analysts predict that Euronet Worldwide, Inc. will post 9.83 EPS for the current year.
Euronet Worldwide Company Profile
Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.
In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.
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