Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by New Age Alpha Advisors LLC

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 shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 42.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Blair William & Co. IL increased its stake in Euronet Worldwide by 2.0% in the 1st 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 in the last quarter. Blueshift Asset Management LLC purchased a new position in Euronet Worldwide in the 1st quarter worth about $597,000. Jefferies Financial Group Inc. increased its stake in Euronet Worldwide by 11.4% in the 1st quarter. Jefferies Financial Group Inc. now owns 4,721 shares of the business services provider's stock worth $504,000 after purchasing an additional 484 shares in the last quarter. Nicolet Advisory Services LLC purchased a new position in Euronet Worldwide in the 1st quarter worth about $235,000. Finally, XTX Topco Ltd purchased a new position in Euronet Worldwide in the 1st quarter worth about $509,000. 91.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Euronet Worldwide Trading Down 1.3%

NASDAQ:EEFT opened at $91.25 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.15 and a quick ratio of 1.60. Euronet Worldwide, Inc. has a fifty-two week low of $85.24 and a fifty-two week high of $114.25. The stock's 50-day moving average is $103.43 and its two-hundred day moving average is $102.26. The stock has a market cap of $3.95 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 0.74 and a beta of 1.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The business services provider reported $2.56 earnings per share (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 analyst estimates of $1.08 billion. Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. The firm's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.25 earnings per share. As a group, equities research analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

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.

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