Cornerstone Capital Management Holdings LLC. lifted its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 207.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 156,333 shares of the business services provider’s stock after purchasing an additional 105,552 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned 0.30% of Euronet Worldwide worth $13,173,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EEFT. American International Group Inc. bought a new position in Euronet Worldwide in the 4th quarter valued at $100,000. Delpha Capital Management LLC bought a new position in Euronet Worldwide in the 4th quarter valued at $101,000. FNY Managed Accounts LLC bought a new position in Euronet Worldwide in the 4th quarter valued at $126,000. The Manufacturers Life Insurance Company grew its stake in shares of Euronet Worldwide by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock worth $149,000 after acquiring an additional 116 shares during the period. Finally, Turner Investments LLC bought a new position in shares of Euronet Worldwide during the 3rd quarter worth $174,000.
EEFT has been the subject of several research reports. BidaskClub upgraded Euronet Worldwide from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. ValuEngine downgraded Euronet Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday. William Blair downgraded Euronet Worldwide from an “outperform” rating to a “market perform” rating in a research note on Monday, December 18th. Finally, Zacks Investment Research downgraded Euronet Worldwide from a “hold” rating to a “sell” rating in a research note on Monday, December 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $111.71.
EEFT traded down $0.75 during trading on Friday, reaching $71.24. 1,063,119 shares of the company were exchanged, compared to its average volume of 754,842. Euronet Worldwide, Inc. has a 12-month low of $70.67 and a 12-month high of $101.07. The stock has a market capitalization of $3,663.16, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 0.95 and a beta of 1.50. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.27 and a current ratio of 1.34.
Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.01. Euronet Worldwide had a return on equity of 21.76% and a net margin of 6.97%. The firm had revenue of $604.60 million for the quarter, compared to analysts’ expectations of $609.53 million. During the same quarter last year, the firm posted $0.99 EPS. The company’s revenue was up 16.3% compared to the same quarter last year. research analysts forecast that Euronet Worldwide, Inc. will post 5 earnings per share for the current fiscal year.
In other Euronet Worldwide news, CEO Michael J. Brown sold 20,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $79.63, for a total value of $1,592,600.00. Following the sale, the chief executive officer now owns 1,502,348 shares of the company’s stock, valued at approximately $119,631,971.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 80,000 shares of company stock worth $6,804,800. Insiders own 7.70% of the company’s stock.
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About Euronet Worldwide
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
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