Copper Rock Capital Partners LLC decreased its stake in Euronet Worldwide Inc. (NASDAQ:EEFT) by 0.9% during the third quarter, Holdings Channel reports. The institutional investor owned 399,440 shares of the company’s stock after selling 3,681 shares during the period. Euronet Worldwide comprises approximately 2.1% of Copper Rock Capital Partners LLC’s holdings, making the stock its 9th largest position. Copper Rock Capital Partners LLC’s holdings in Euronet Worldwide were worth $32,455,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. bought a new position in shares of Euronet Worldwide during the second quarter valued at about $100,000. Checchi Capital Advisers LLC raised its position in shares of Euronet Worldwide by 1,179.0% in the second quarter. Checchi Capital Advisers LLC now owns 1,586 shares of the company’s stock valued at $110,000 after buying an additional 1,462 shares in the last quarter. BlackRock Japan Co. Ltd raised its position in shares of Euronet Worldwide by 81.0% in the second quarter. BlackRock Japan Co. Ltd now owns 2,014 shares of the company’s stock valued at $139,000 after buying an additional 901 shares in the last quarter. Smithfield Trust Co. raised its position in shares of Euronet Worldwide by 14.6% in the second quarter. Smithfield Trust Co. now owns 2,053 shares of the company’s stock valued at $142,000 after buying an additional 261 shares in the last quarter. Finally, FNY Managed Accounts LLC raised its position in shares of Euronet Worldwide by 204.8% in the second quarter. FNY Managed Accounts LLC now owns 3,048 shares of the company’s stock valued at $211,000 after buying an additional 2,048 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.
Euronet Worldwide Inc. (NASDAQ:EEFT) traded down 0.92% on Thursday, hitting $82.85. 38,075 shares of the company’s stock were exchanged. The stock has a market cap of $4.32 billion, a P/E ratio of 30.11 and a beta of 1.49. The firm has a 50 day moving average price of $79.33 and a 200-day moving average price of $76.32. Euronet Worldwide Inc. has a 52-week low of $52.00 and a 52-week high of $84.43.
Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.07. The business had revenue of $476.90 million for the quarter, compared to the consensus estimate of $470.99 million. Euronet Worldwide had a net margin of 8.01% and a return on equity of 22.65%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.78 EPS. Analysts predict that Euronet Worldwide Inc. will post $4.07 earnings per share for the current fiscal year.
Several brokerages recently issued reports on EEFT. Monness Crespi & Hardt lowered shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a research note on Friday, June 10th. Zacks Investment Research lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Euronet Worldwide currently has an average rating of “Buy” and an average price target of $85.00.
In other Euronet Worldwide news, VP Jeffrey B. Newman sold 5,772 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $77.80, for a total transaction of $449,061.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kevin J. Caponecchi sold 58,573 shares of the business’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $75.52, for a total transaction of $4,423,432.96. The disclosure for this sale can be found here. Company insiders own 7.30% of the company’s stock.
Euronet Worldwide Company Profile
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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