Entropy Technologies LP Boosts Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Key Points

• Entropy Technologies LP increased its holdings in Euronet Worldwide, Inc. by 160.8% during the first quarter, bringing its total to 10,203 shares valued at approximately $1.09 million.
• Several other institutional investors also enhanced their positions, with notable increases from UMB Bank (92.3%) and GAMMA Investing LLC (99.9%).
• Euronet Worldwide reported a quarterly earnings miss with an EPS of $2.56, falling short of the consensus estimate of $2.66, despite an 8.9% year-over-year revenue growth.

Entropy Technologies LP boosted its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 160.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,203 shares of the business services provider's stock after acquiring an additional 6,291 shares during the period. Entropy Technologies LP's holdings in Euronet Worldwide were worth $1,090,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EEFT. Blair William & Co. IL raised its position in shares of Euronet Worldwide by 2.0% during the first quarter. Blair William & Co. IL now owns 5,007 shares of the business services provider's stock valued at $535,000 after buying an additional 100 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Euronet Worldwide by 2.5% during the first quarter. State of Alaska Department of Revenue now owns 4,833 shares of the business services provider's stock valued at $516,000 after buying an additional 120 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Euronet Worldwide by 6.8% during the first quarter. Fifth Third Bancorp now owns 1,929 shares of the business services provider's stock valued at $206,000 after buying an additional 123 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Euronet Worldwide by 4.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,492 shares of the business services provider's stock valued at $373,000 after buying an additional 147 shares during the last quarter. Finally, Vise Technologies Inc. grew its holdings in shares of Euronet Worldwide by 3.9% in the fourth quarter. Vise Technologies Inc. now owns 4,656 shares of the business services provider's stock valued at $479,000 after purchasing an additional 174 shares in the last quarter. Institutional investors own 91.60% of the company's stock.

Euronet Worldwide Trading Down 0.6%

NASDAQ EEFT traded down $0.62 on Friday, hitting $95.96. 1,011,628 shares of the stock were exchanged, compared to its average volume of 704,261. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a fifty day moving average price of $101.73 and a two-hundred day moving average price of $102.13. The firm has a market capitalization of $3.93 billion, a P/E ratio of 13.16, a P/E/G ratio of 0.77 and a beta of 1.25. Euronet Worldwide, Inc. has a 52-week low of $85.24 and a 52-week high of $114.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The business services provider reported $2.56 EPS for the quarter, missing the consensus estimate of $2.66 by ($0.10). The firm had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.08 billion. Euronet Worldwide had a return on equity of 26.62% and a net margin of 8.06%. The firm's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.25 earnings per share. Research analysts forecast that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EEFT. Needham & Company LLC cut their target price on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a report on Friday, April 25th. Oppenheimer raised their target price on shares of Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a report on Friday, April 25th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $123.83.

About Euronet Worldwide

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer 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 and prepaid card outsourcing, card issuing, and merchant acquiring services.