ETF Managers Group LLC Cuts Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

ETF Managers Group LLC reduced its stake in Euronet Worldwide, Inc. (NASDAQ:EEFTGet Rating) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,616 shares of the business services provider’s stock after selling 4,624 shares during the period. ETF Managers Group LLC’s holdings in Euronet Worldwide were worth $14,966,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Euronet Worldwide in the fourth quarter worth $377,320,000. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Euronet Worldwide by 1.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,615,073 shares of the business services provider’s stock valued at $205,566,000 after purchasing an additional 29,177 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Euronet Worldwide by 51.4% during the fourth quarter. American Century Companies Inc. now owns 1,213,285 shares of the business services provider’s stock valued at $144,587,000 after purchasing an additional 412,065 shares in the last quarter. Turtle Creek Asset Management Inc. lifted its holdings in shares of Euronet Worldwide by 72.0% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 1,179,456 shares of the business services provider’s stock valued at $140,556,000 after purchasing an additional 493,579 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC lifted its holdings in shares of Euronet Worldwide by 4.6% during the third quarter. ArrowMark Colorado Holdings LLC now owns 1,084,135 shares of the business services provider’s stock valued at $137,989,000 after purchasing an additional 47,525 shares in the last quarter. 94.42% of the stock is currently owned by hedge funds and other institutional investors.

EEFT has been the topic of a number of research analyst reports. StockNews.com assumed coverage on Euronet Worldwide in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research downgraded Euronet Worldwide from a “hold” rating to a “strong sell” rating and set a $120.00 target price on the stock. in a report on Thursday, February 17th. Keefe, Bruyette & Woods assumed coverage on Euronet Worldwide in a report on Thursday, April 21st. They issued an “outperform” rating and a $164.00 target price on the stock. UBS Group assumed coverage on Euronet Worldwide in a report on Thursday, March 31st. They issued a “buy” rating and a $163.00 target price on the stock. Finally, Needham & Company LLC increased their target price on Euronet Worldwide from $165.00 to $190.00 and gave the company a “buy” rating in a report on Friday, February 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $165.33.

Shares of NASDAQ:EEFT traded up $1.56 during trading on Friday, hitting $120.48. 408 shares of the company’s stock were exchanged, compared to its average volume of 592,054. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.77 and a quick ratio of 1.77. Euronet Worldwide, Inc. has a 52-week low of $96.30 and a 52-week high of $159.32. The business’s 50-day simple moving average is $124.43 and its 200 day simple moving average is $122.76. The company has a market cap of $6.09 billion, a price-to-earnings ratio of 72.51 and a beta of 1.38.

Euronet Worldwide (NASDAQ:EEFTGet Rating) last released its earnings results on Tuesday, April 26th. The business services provider reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.08). Euronet Worldwide had a return on equity of 14.04% and a net margin of 2.89%. The business had revenue of $718.50 million for the quarter, compared to analysts’ expectations of $726.46 million. During the same quarter in the prior year, the business posted $0.11 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Euronet Worldwide, Inc. will post 6.49 EPS for the current fiscal year.

About Euronet Worldwide (Get Rating)

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, agents, retailers, merchants, content providers, and individual consumers worldwide. The company's Electronic Fund Transfer 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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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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