Russell Investments Group Ltd. lowered its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 20.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 42,925 shares of the business services provider's stock after selling 10,911 shares during the quarter. Russell Investments Group Ltd. owned about 0.09% of Euronet Worldwide worth $4,356,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the business. Burgundy Asset Management Ltd. acquired a new stake in Euronet Worldwide during the 3rd quarter worth approximately $35,309,000. Van Berkom & Associates Inc. boosted its stake in shares of Euronet Worldwide by 48.6% in the third quarter. Van Berkom & Associates Inc. now owns 1,069,693 shares of the business services provider's stock valued at $84,912,000 after buying an additional 349,720 shares in the last quarter. Voss Capital LLC boosted its stake in shares of Euronet Worldwide by 52.8% in the fourth quarter. Voss Capital LLC now owns 565,256 shares of the business services provider's stock valued at $57,368,000 after buying an additional 195,404 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of Euronet Worldwide in the third quarter valued at approximately $11,744,000. Finally, Reinhart Partners LLC. boosted its stake in shares of Euronet Worldwide by 14.7% in the fourth quarter. Reinhart Partners LLC. now owns 533,825 shares of the business services provider's stock valued at $54,178,000 after buying an additional 68,596 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.
Euronet Worldwide Trading Down 0.2 %
Euronet Worldwide stock traded down $0.21 during trading on Friday, hitting $114.08. The company's stock had a trading volume of 204,060 shares, compared to its average volume of 295,472. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 20.08 and a beta of 1.39. The stock's fifty day moving average is $107.79 and its 200 day moving average is $99.75. Euronet Worldwide, Inc. has a 1-year low of $73.84 and a 1-year high of $121.55. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.54 and a current ratio of 1.33.
Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.34. Euronet Worldwide had a return on equity of 26.71% and a net margin of 7.63%. The firm had revenue of $957.70 million during the quarter, compared to the consensus estimate of $844.59 million. During the same quarter in the previous year, the business earned $1.12 earnings per share. The firm's quarterly revenue was up 10.6% compared to the same quarter last year. As a group, equities research analysts predict that Euronet Worldwide, Inc. will post 7.82 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research firms have commented on EEFT. StockNews.com upgraded Euronet Worldwide from a "hold" rating to a "buy" rating in a research report on Thursday, February 15th. Evercore ISI boosted their target price on Euronet Worldwide from $118.00 to $135.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 26th. Keefe, Bruyette & Woods boosted their target price on Euronet Worldwide from $115.00 to $116.00 and gave the stock a "market perform" rating in a research report on Thursday, May 2nd. Needham & Company LLC boosted their target price on Euronet Worldwide from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, May 2nd. Finally, Citigroup upgraded Euronet Worldwide from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $116.00 to $120.00 in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $121.89.
Check Out Our Latest Stock Report on Euronet Worldwide
About Euronet Worldwide
(
Free Report)
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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