BNP Paribas Arbitrage SA lessened its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 99.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,076 shares of the business services provider’s stock after selling 720,462 shares during the period. BNP Paribas Arbitrage SA’s holdings in Euronet Worldwide were worth $401,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of EEFT. Aperio Group LLC raised its holdings in Euronet Worldwide by 19.8% during the 4th quarter. Aperio Group LLC now owns 6,077 shares of the business services provider’s stock worth $512,000 after buying an additional 1,005 shares during the period. California Public Employees Retirement System raised its holdings in Euronet Worldwide by 3.2% during the 4th quarter. California Public Employees Retirement System now owns 95,373 shares of the business services provider’s stock worth $8,037,000 after buying an additional 3,000 shares during the period. Bank of New York Mellon Corp raised its holdings in Euronet Worldwide by 15.0% during the 4th quarter. Bank of New York Mellon Corp now owns 299,192 shares of the business services provider’s stock worth $25,213,000 after buying an additional 38,961 shares during the period. UBS Asset Management Americas Inc. raised its holdings in Euronet Worldwide by 22.9% during the 4th quarter. UBS Asset Management Americas Inc. now owns 45,286 shares of the business services provider’s stock worth $3,816,000 after buying an additional 8,444 shares during the period. Finally, American International Group Inc. acquired a new stake in Euronet Worldwide during the 4th quarter worth about $100,000.
EEFT has been the topic of several recent analyst reports. BidaskClub upgraded Euronet Worldwide from a “sell” rating to a “hold” rating in a report on Saturday, March 17th. ValuEngine downgraded Euronet Worldwide from a “hold” rating to a “sell” rating in a report on Wednesday, April 4th. DA Davidson cut their price objective on Euronet Worldwide to $108.00 and set a “buy” rating on the stock in a report on Tuesday, April 24th. Zacks Investment Research downgraded Euronet Worldwide from a “hold” rating to a “sell” rating in a report on Thursday, April 26th. Finally, Needham & Company LLC began coverage on Euronet Worldwide in a report on Thursday, May 10th. They set a “buy” rating and a $100.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $107.00.
In other news, CEO Kevin J. Caponecchi sold 60,889 shares of the company’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $82.00, for a total value of $4,992,898.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 7.40% of the stock is owned by corporate insiders.
Shares of Euronet Worldwide opened at $82.49 on Thursday, according to MarketBeat. The stock has a market capitalization of $4.33 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 1.12 and a beta of 1.50. Euronet Worldwide, Inc. has a fifty-two week low of $70.67 and a fifty-two week high of $101.07. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.42 and a current ratio of 1.42.
Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Wednesday, April 25th. The business services provider reported $0.73 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.73. The company had revenue of $550.50 million for the quarter, compared to the consensus estimate of $535.93 million. Euronet Worldwide had a return on equity of 20.77% and a net margin of 6.66%. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 EPS. sell-side analysts expect that Euronet Worldwide, Inc. will post 5.03 EPS for the current fiscal year.
Euronet Worldwide Company Profile
Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.
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