Marietta Investment Partners LLC purchased a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,576 shares of the business services provider’s stock, valued at approximately $225,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. CWM LLC increased its stake in shares of Euronet Worldwide by 66.1% during the 4th quarter. CWM LLC now owns 294 shares of the business services provider’s stock worth $30,000 after purchasing an additional 117 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Euronet Worldwide during the 1st quarter valued at approximately $45,000. Captrust Financial Advisors increased its position in Euronet Worldwide by 163.0% during the 4th quarter. Captrust Financial Advisors now owns 668 shares of the business services provider’s stock valued at $68,000 after purchasing an additional 414 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Euronet Worldwide by 21.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the business services provider’s stock valued at $87,000 after purchasing an additional 150 shares during the period. Finally, Advisory Services Network LLC increased its position in Euronet Worldwide by 7,142.9% during the 4th quarter. Advisory Services Network LLC now owns 1,014 shares of the business services provider’s stock valued at $104,000 after purchasing an additional 1,000 shares during the period. 99.50% of the stock is owned by institutional investors.
NASDAQ:EEFT traded down $1.01 during trading hours on Wednesday, hitting $160.22. 325,263 shares of the company traded hands, compared to its average volume of 487,026. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.28 and a current ratio of 1.28. The business’s 50-day simple moving average is $157.00. Euronet Worldwide, Inc. has a one year low of $81.68 and a one year high of $165.27. The firm has a market cap of $8.33 billion, a P/E ratio of 30.17, a PEG ratio of 1.82 and a beta of 1.16.
Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Monday, April 29th. The business services provider reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.02. The company had revenue of $577.50 million for the quarter, compared to analysts’ expectations of $602.73 million. Euronet Worldwide had a return on equity of 24.83% and a net margin of 9.40%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.73 EPS. On average, analysts forecast that Euronet Worldwide, Inc. will post 6.7 earnings per share for the current fiscal year.
A number of analysts have weighed in on the stock. DA Davidson downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and set a $161.20 target price for the company. in a research report on Thursday, June 13th. They noted that the move was a valuation call. BidaskClub downgraded shares of Euronet Worldwide from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 11th. Wells Fargo & Co raised their price objective on shares of Euronet Worldwide from $150.00 to $164.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies raised their price objective on shares of Euronet Worldwide to $159.00 in a research report on Tuesday, March 5th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Euronet Worldwide currently has an average rating of “Buy” and a consensus target price of $152.74.
In related news, VP Jeffrey B. Newman sold 5,461 shares of Euronet Worldwide stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $161.12, for a total value of $879,876.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.40% of the company’s stock.
Euronet Worldwide Profile
Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company's Electronic Financial Transaction (EFT) 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 card outsourcing, card issuing, and merchant acquiring services.
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