Los Angeles Capital Management LLC Sells 14,359 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Los Angeles Capital Management LLC cut its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 9.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 136,143 shares of the business services provider's stock after selling 14,359 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.31% of Euronet Worldwide worth $14,547,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. IFP Advisors Inc increased its position in Euronet Worldwide by 1,797.7% in the 1st quarter. IFP Advisors Inc now owns 2,448 shares of the business services provider's stock valued at $262,000 after acquiring an additional 2,319 shares in the last quarter. Foundry Partners LLC boosted its holdings in Euronet Worldwide by 1.4% in the first quarter. Foundry Partners LLC now owns 52,917 shares of the business services provider's stock valued at $5,654,000 after acquiring an additional 714 shares during the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in Euronet Worldwide in the first quarter worth about $285,000. Aurora Investment Counsel raised its holdings in Euronet Worldwide by 2.0% during the 1st quarter. Aurora Investment Counsel now owns 13,460 shares of the business services provider's stock worth $1,438,000 after purchasing an additional 266 shares during the last quarter. Finally, CWM LLC lifted its position in Euronet Worldwide by 242.9% during the 1st quarter. CWM LLC now owns 10,008 shares of the business services provider's stock valued at $1,069,000 after purchasing an additional 7,089 shares during the period. Institutional investors and hedge funds own 91.60% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on EEFT shares. Needham & Company LLC decreased their price objective on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, April 25th. 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 research note on Friday, April 25th. Oppenheimer raised their target price 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. Finally, William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Euronet Worldwide has an average rating of "Moderate Buy" and an average price target of $126.86.

Euronet Worldwide Trading Up 1.5%

Shares of Euronet Worldwide stock traded up $1.52 during trading on Monday, reaching $101.02. 555,812 shares of the stock were exchanged, compared to its average volume of 364,499. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 0.74 and a beta of 1.23. Euronet Worldwide, Inc. has a 1 year low of $85.24 and a 1 year high of $114.25. The stock's fifty day moving average is $106.17 and its 200 day moving average is $102.36. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.46.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, hitting analysts' consensus estimates of $1.13. The firm had revenue of $915.50 million for the quarter, compared to analysts' expectations of $908.93 million. Euronet Worldwide had a return on equity of 26.97% and a net margin of 7.88%. The company's quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.28 earnings per share. As a group, equities research analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Euronet Worldwide Company 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.