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

Wells Fargo & Company MN cut its stake in EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 70.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,187 shares of the credit services provider's stock after selling 150,450 shares during the period. Wells Fargo & Company MN owned approximately 0.12% of EZCORP worth $772,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in EZCORP by 97.0% during the fourth quarter. GAMMA Investing LLC now owns 3,156 shares of the credit services provider's stock worth $39,000 after purchasing an additional 1,554 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of EZCORP during the 4th quarter worth $122,000. LPL Financial LLC boosted its stake in EZCORP by 39.3% in the fourth quarter. LPL Financial LLC now owns 14,430 shares of the credit services provider's stock valued at $176,000 after buying an additional 4,070 shares in the last quarter. R Squared Ltd bought a new position in EZCORP in the fourth quarter valued at about $186,000. Finally, Fox Run Management L.L.C. acquired a new position in EZCORP during the fourth quarter worth about $188,000. 99.83% of the stock is currently owned by institutional investors.

EZCORP Trading Down 0.5 %

Shares of EZPW stock traded down $0.08 on Wednesday, hitting $14.66. The company had a trading volume of 720,192 shares, compared to its average volume of 694,556. The stock's 50-day moving average is $14.92 and its two-hundred day moving average is $13.25. EZCORP, Inc. has a twelve month low of $9.66 and a twelve month high of $16.60. The firm has a market cap of $806.51 million, a P/E ratio of 12.75 and a beta of 0.59. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.91.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on EZPW shares. Canaccord Genuity Group reduced their price target on shares of EZCORP from $25.00 to $24.00 and set a "buy" rating on the stock in a research note on Tuesday. Roth Mkm started coverage on shares of EZCORP in a research note on Monday, March 17th. They set a "buy" rating and a $16.00 target price on the stock. Roth Capital set a $16.00 price target on shares of EZCORP in a report on Monday, March 17th. Stephens reissued an "equal weight" rating and set a $13.50 price objective on shares of EZCORP in a report on Thursday, February 6th. Finally, StockNews.com raised EZCORP from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, EZCORP currently has an average rating of "Buy" and a consensus target price of $17.38.

About EZCORP

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.