New Age Alpha Advisors LLC Trims Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Key Points

• New Age Alpha Advisors LLC has reduced its stake in Euronet Worldwide by 42.5%, selling 12,210 shares and holding 16,551 shares valued at $1.76 million at the end of the latest quarter.
• Equities analysts have mixed ratings on Euronet Worldwide, with three hold ratings, five buy ratings, and one strong buy rating, along with a consensus target price of $123.83.
• Euronet Worldwide reported quarterly earnings of $2.56 per share, which missed the consensus estimate of $2.66, while revenue for the quarter was $1.07 billion, slightly below analyst expectations.

New Age Alpha Advisors LLC reduced its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 42.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,551 shares of the business services provider's stock after selling 12,210 shares during the period. New Age Alpha Advisors LLC's holdings in Euronet Worldwide were worth $1,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of EEFT. Blair William & Co. IL increased its holdings in shares of Euronet Worldwide by 2.0% in the first quarter. Blair William & Co. IL now owns 5,007 shares of the business services provider's stock worth $535,000 after purchasing an additional 100 shares during the last quarter. Blueshift Asset Management LLC purchased a new position in Euronet Worldwide in the first quarter worth about $597,000. Jefferies Financial Group Inc. grew its position in Euronet Worldwide by 11.4% in the first quarter. Jefferies Financial Group Inc. now owns 4,721 shares of the business services provider's stock worth $504,000 after acquiring an additional 484 shares in the last quarter. Nicolet Advisory Services LLC purchased a new position in Euronet Worldwide in the first quarter worth about $235,000. Finally, XTX Topco Ltd purchased a new position in Euronet Worldwide in the first quarter worth about $509,000. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Trading Up 1.9%

Shares of NASDAQ:EEFT traded up $1.77 during mid-day trading on Tuesday, reaching $94.44. 100,812 shares of the company were exchanged, compared to its average volume of 431,645. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 0.73 and a beta of 1.25. The firm's 50-day simple moving average is $102.80 and its 200 day simple moving average is $102.24. Euronet Worldwide, Inc. has a 1 year low of $85.24 and a 1 year high of $114.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly earnings results 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). Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. The business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same period in the prior year, the business earned $2.25 EPS. The business's quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts forecast that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Wall Street Analysts Forecast Growth

EEFT has been the subject of a number of recent research reports. Oppenheimer boosted their price objective on shares of Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Keefe, Bruyette & Woods reduced their price target on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a research report on Friday, April 25th. William Blair restated an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Finally, Needham & Company LLC reduced their price target on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $123.83.

Euronet Worldwide Profile

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.