Private Advisors LLC cut its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 22.0% in the first quarter, HoldingsChannel.com reports. The firm owned 9,250 shares of the business services provider’s stock after selling 2,615 shares during the quarter. Euronet Worldwide makes up about 1.2% of Private Advisors LLC’s investment portfolio, making the stock its 24th biggest position. Private Advisors LLC’s holdings in Euronet Worldwide were worth $1,319,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC acquired a new stake in Euronet Worldwide in the 1st quarter worth $45,000. Captrust Financial Advisors boosted its position in shares of 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 acquiring an additional 414 shares in the last quarter. Tortoise Index Solutions LLC acquired a new stake in shares of Euronet Worldwide during the 1st quarter valued at about $105,000. Advisory Services Network LLC boosted its position in shares of 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 acquiring an additional 1,000 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of Euronet Worldwide during the 1st quarter valued at about $144,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.
In other Euronet Worldwide news, VP Jeffrey B. Newman sold 5,461 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $161.12, for a total value of $879,876.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.40% of the company’s stock.
Several analysts have recently weighed in on EEFT shares. Piper Jaffray Companies lifted their target price on shares of Euronet Worldwide to $159.00 in a research report on Tuesday, March 5th. DA Davidson lifted their target price on shares of Euronet Worldwide to $160.00 and gave the company a “reduce” rating in a research report on Tuesday, March 19th. Wells Fargo & Co lifted their target price on shares of Euronet Worldwide from $150.00 to $164.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. They noted that the move was a valuation call. Finally, BidaskClub lowered shares of Euronet Worldwide from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 11th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $152.74.
EEFT stock traded down $1.29 during trading on Friday, hitting $158.83. 326,405 shares of the stock traded hands, compared to its average volume of 321,282. Euronet Worldwide, Inc. has a one year low of $81.68 and a one year high of $163.61. The company has a market capitalization of $8.25 billion, a P/E ratio of 29.91, a P/E/G ratio of 1.78 and a beta of 1.16. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.50.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Monday, April 29th. The business services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.02. Euronet Worldwide had a net margin of 9.40% and a return on equity of 24.83%. The firm had revenue of $577.50 million during the quarter, compared to the consensus estimate of $602.73 million. During the same period last year, the firm posted $0.73 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, research analysts expect that Euronet Worldwide, Inc. will post 6.7 earnings per share for the current year.
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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'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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