WINTON GROUP Ltd Sells 82,493 Shares of Euronet Worldwide, Inc. $EEFT

Key Points

• WINTON GROUP Ltd cut its Euronet Worldwide stake by 86% in the second quarter, selling 82,493 shares and retaining 13,414 shares valued at approximately $982,000. Institutional investors collectively own 91.6% of the company.
• Analyst sentiment is mixed: Euronet has an average “Hold” rating and a consensus price target of $94, with price targets ranging from $70 to $102.
• Euronet reported quarterly earnings of $2.82 per share, below the $2.93 consensus estimate, while revenue increased 3.2% year over year. The stock recently opened at $72.18, within its 52-week range of $62.50 to $91.58.

WINTON GROUP Ltd decreased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 86.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,414 shares of the business services provider's stock after selling 82,493 shares during the quarter. WINTON GROUP Ltd's holdings in Euronet Worldwide were worth $982,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Johnson Financial Group Inc. bought a new position in shares of Euronet Worldwide during the third quarter worth about $26,000. Danske Bank A S acquired a new stake in Euronet Worldwide in the 3rd quarter valued at approximately $26,000. Geneos Wealth Management Inc. lifted its stake in Euronet Worldwide by 48.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider's stock valued at $36,000 after acquiring an additional 109 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Euronet Worldwide in the 4th quarter valued at approximately $38,000. Finally, PenderFund Capital Management Ltd. acquired a new position in Euronet Worldwide during the 2nd quarter worth approximately $42,000. 91.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EEFT. DA Davidson reaffirmed a "buy" rating and set a $102.00 price target on shares of Euronet Worldwide in a research note on Friday, July 10th. Wolfe Research cut their price objective on shares of Euronet Worldwide from $75.00 to $70.00 and set an "underperform" rating on the stock in a research report on Tuesday, August 25th. Needham & Company LLC increased their target price on shares of Euronet Worldwide from $85.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Finally, Weiss Ratings downgraded shares of Euronet Worldwide from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $94.00.

Euronet Worldwide Stock Performance

EEFT opened at $72.18 on Monday. Euronet Worldwide, Inc. has a 52-week low of $62.50 and a 52-week high of $91.58. The firm has a market capitalization of $2.75 billion, a PE ratio of 11.33, a PEG ratio of 0.58 and a beta of 0.83. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.37 and a current ratio of 1.37. The business's 50-day simple moving average is $74.32 and its 200 day simple moving average is $71.42.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The business services provider reported $2.82 earnings per share for the quarter, missing analysts' consensus estimates of $2.93 by ($0.11). Euronet Worldwide had a net margin of 6.63% and a return on equity of 28.60%. The firm's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.56 earnings per share. As a group, sell-side analysts expect that Euronet Worldwide, Inc. will post 9.55 earnings per share for the current fiscal year.

About Euronet Worldwide

Euronet Worldwide, Inc provides electronic payment and transaction-processing services through a global network of automated teller machines, point-of-sale terminals, money-transfer locations and digital platforms. The company serves financial institutions, retailers, mobile operators, money-transfer agents and consumers.

Euronet operates through three primary business areas: EFT Processing, which includes ATM services, electronic payment processing and related financial technology; epay, which distributes prepaid mobile airtime, gift cards and other electronic payment products; and Money Transfer, which provides international and domestic remittance services through the Ria Money Transfer and xe brands, among others.

Headquartered in Leawood, Kansas, Euronet was founded in 1994 and initially focused on developing ATM networks in Central Europe before expanding into broader payment-processing and money-transfer services.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.