Van Berkom & Associates Inc. lessened its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT – Free Report) by 12.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 985,261 shares of the business services provider’s stock after selling 145,711 shares during the quarter. Euronet Worldwide accounts for about 2.2% of Van Berkom & Associates Inc.’s portfolio, making the stock its 24th largest holding. Van Berkom & Associates Inc.’s holdings in Euronet Worldwide were worth $61,943,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently modified their holdings of EEFT. PenderFund Capital Management Ltd. purchased a new stake in Euronet Worldwide in the 2nd quarter worth approximately $42,000. Allworth Financial LP purchased a new position in shares of Euronet Worldwide during the 2nd quarter valued at approximately $43,000. Parallel Advisors LLC increased its holdings in shares of Euronet Worldwide by 23.6% during the 1st quarter. Parallel Advisors LLC now owns 775 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 148 shares in the last quarter. State of Wyoming purchased a new position in shares of Euronet Worldwide during the 2nd quarter valued at approximately $73,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Euronet Worldwide in the 2nd quarter valued at $75,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on EEFT shares. Needham & Company LLC lowered their price target on shares of Euronet Worldwide from $90.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, October 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Euronet Worldwide in a research report on Wednesday, November 4th. DA Davidson lowered their target price on shares of Euronet Worldwide from $94.00 to $84.00 and set a “buy” rating on the stock in a research note on Wednesday, October 28th. Cantor Fitzgerald restated an “overweight” rating on shares of Euronet Worldwide in a research report on Wednesday, October 28th. Finally, Stephens cut their price target on Euronet Worldwide from $71.00 to $63.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 28th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $73.40.
Get Our Latest Research Report on EEFT
Euronet Worldwide Trading Up 0.1%
Shares of NASDAQ:EEFT opened at $70.92 on Tuesday. The business’s 50 day moving average price is $66.57 and its 200-day moving average price is $70.30. Euronet Worldwide, Inc. has a 1 year low of $57.48 and a 1 year high of $83.97. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 0.58 and a beta of 0.92. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.42 and a quick ratio of 1.37.
Euronet Worldwide (NASDAQ:EEFT – Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The business services provider reported $3.55 EPS for the quarter, missing the consensus estimate of $3.66 by ($0.11). The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Euronet Worldwide had a return on equity of 27.44% and a net margin of 6.41%. Euronet Worldwide’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.62 EPS. On average, equities research analysts forecast that Euronet Worldwide, Inc. will post 9.35 earnings per share for the current fiscal year.
About Euronet Worldwide
Euronet Worldwide is a global provider of electronic payment and transaction-processing services. Founded in 1994, the company began by developing electronic funds transfer services in Central Europe and has since expanded its offerings and international reach.
Its EFT Processing business provides ATM and point-of-sale services, including network operations, payment processing and outsourced solutions for financial institutions and businesses. Through its epay business, Euronet distributes prepaid mobile airtime and other digital products.
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