Wells Fargo & Company MN Sells 150,450 Shares of EZCORP, Inc. (NASDAQ:EZPW)

Wells Fargo & Company MN reduced its position in shares of EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 70.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,187 shares of the credit services provider's stock after selling 150,450 shares during the period. Wells Fargo & Company MN owned 0.12% of EZCORP worth $772,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EZPW. Integrated Quantitative Investments LLC acquired a new stake in shares of EZCORP in the fourth quarter valued at about $705,000. ExodusPoint Capital Management LP lifted its stake in EZCORP by 72.3% in the fourth quarter. ExodusPoint Capital Management LP now owns 230,496 shares of the credit services provider's stock valued at $2,817,000 after buying an additional 96,741 shares during the last quarter. Trexquant Investment LP increased its stake in shares of EZCORP by 35.1% in the fourth quarter. Trexquant Investment LP now owns 377,529 shares of the credit services provider's stock valued at $4,613,000 after purchasing an additional 98,090 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in shares of EZCORP during the fourth quarter valued at $197,000. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of EZCORP in the 4th quarter worth approximately $849,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Roth Mkm initiated coverage on shares of EZCORP in a report on Monday, March 17th. They set a "buy" rating and a $16.00 target price for the company. Stephens restated an "equal weight" rating and issued a $13.50 price objective on shares of EZCORP in a report on Thursday, February 6th. StockNews.com raised EZCORP from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Canaccord Genuity Group raised their target price on EZCORP from $19.00 to $22.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Roth Capital set a $16.00 target price on EZCORP in a research report on Monday, March 17th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $16.88.

EZCORP Stock Down 1.0 %

EZCORP stock traded down $0.15 during mid-day trading on Monday, reaching $15.50. The company's stock had a trading volume of 1,937,472 shares, compared to its average volume of 692,305. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.91. The business's 50 day simple moving average is $14.84 and its 200 day simple moving average is $13.20. The company has a market capitalization of $852.72 million, a price-to-earnings ratio of 13.48 and a beta of 0.59. EZCORP, Inc. has a 12 month low of $9.66 and a 12 month high of $16.60.

EZCORP (NASDAQ:EZPW - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The credit services provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. EZCORP had a net margin of 7.25% and a return on equity of 11.04%. The business had revenue of $306.32 million for the quarter, compared to the consensus estimate of $310.35 million. As a group, research analysts anticipate that EZCORP, Inc. will post 1.3 earnings per share for the current year.

EZCORP Profile

EZCORP, Inc provides pawn services in the United States and Latin America. The company operates through three segments: U.S. Pawn, Latin America Pawn, and Other Investments. The company offers pawn loans collateralized by tangible personal property, jewelry, consumer electronics, tools, sporting goods, and musical instruments.