Odyssean LLC increased its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 121.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,597 shares of the business services provider's stock after buying an additional 24,423 shares during the period. Euronet Worldwide comprises 0.5% of Odyssean LLC's investment portfolio, making the stock its 21st largest holding. Odyssean LLC owned approximately 0.12% of Euronet Worldwide worth $3,264,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. purchased a new stake in shares of Euronet Worldwide during the third quarter worth $26,000. Danske Bank A S acquired a new position in Euronet Worldwide during the 3rd quarter worth $26,000. Geneos Wealth Management Inc. increased its holdings in Euronet Worldwide by 48.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider's stock worth $36,000 after purchasing an additional 109 shares during the period. Kestra Advisory Services LLC purchased a new stake in Euronet Worldwide during the 4th quarter worth about $38,000. Finally, Allworth Financial LP acquired a new stake in Euronet Worldwide in the 2nd quarter valued at about $43,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on EEFT shares. Wolfe Research decreased their price objective on Euronet Worldwide from $75.00 to $70.00 and set an "underperform" rating for the company in a research note on Tuesday. Weiss Ratings cut shares of Euronet Worldwide from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 11th. Needham & Company LLC lifted their price target on shares of Euronet Worldwide from $85.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Finally, DA Davidson reiterated a "buy" rating and set a $102.00 price target on shares of Euronet Worldwide in a report on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $94.00.
Read Our Latest Stock Report on Euronet Worldwide
Euronet Worldwide Stock Up 1.4%
Shares of NASDAQ EEFT opened at $71.21 on Wednesday. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 0.57 and a beta of 0.82. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.37 and a quick ratio of 1.37. The business has a 50-day moving average of $73.94 and a two-hundred day moving average of $71.40. Euronet Worldwide, Inc. has a 1 year low of $62.50 and a 1 year high of $96.93.
Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The business services provider reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.11). Euronet Worldwide had a return on equity of 28.60% and a net margin of 6.63%.During the same period last year, the firm earned $2.56 EPS. The business's quarterly revenue was up 3.2% on a year-over-year basis. On average, analysts forecast that Euronet Worldwide, Inc. will post 9.55 earnings per share for the current fiscal year.
Euronet Worldwide Company Profile
(
Free Report)
Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.
In its EFT Network Services arm, Euronet operates one of the world's largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.
See Also
Want to see what other hedge funds are holding EEFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report).
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