Euronet Worldwide, Inc. (EEFT) Stake Lessened by Penserra Capital Management LLC

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Penserra Capital Management LLC trimmed its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 98.7% during the first quarter, HoldingsChannel.com reports. The fund owned 1,298 shares of the business services provider’s stock after selling 101,631 shares during the quarter. Penserra Capital Management LLC’s holdings in Euronet Worldwide were worth $185,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of EEFT. Norges Bank acquired a new position in shares of Euronet Worldwide during the fourth quarter worth about $43,343,000. Rice Hall James & Associates LLC grew its position in Euronet Worldwide by 1,147.4% during the first quarter. Rice Hall James & Associates LLC now owns 227,034 shares of the business services provider’s stock worth $32,373,000 after buying an additional 208,833 shares during the period. Columbus Circle Investors grew its position in Euronet Worldwide by 194.1% during the first quarter. Columbus Circle Investors now owns 283,292 shares of the business services provider’s stock worth $40,395,000 after buying an additional 186,971 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in Euronet Worldwide during the fourth quarter worth about $18,940,000. Finally, Smith Asset Management Group LP grew its position in Euronet Worldwide by 57,472.5% during the fourth quarter. Smith Asset Management Group LP now owns 171,566 shares of the business services provider’s stock worth $17,565,000 after buying an additional 171,268 shares during the period. Institutional investors and hedge funds own 99.51% of the company’s stock.

Several research analysts have weighed in on the stock. Wells Fargo & Co upped their target price on shares of Euronet Worldwide from $150.00 to $164.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. They noted that the move was a valuation call. DA Davidson upped their target price on shares of Euronet Worldwide to $165.00 and gave the stock an “average” rating in a research report on Friday, April 5th. They noted that the move was a valuation call. Piper Jaffray Companies upped their target price on shares of Euronet Worldwide to $159.00 in a research report on Tuesday, March 5th. Zacks Investment Research upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Thursday, February 14th. Finally, SunTrust Banks upped their target price on shares of Euronet Worldwide to $145.00 and gave the stock a “buy” rating in a research report on Monday, February 11th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $145.88.

Shares of NASDAQ EEFT opened at $158.39 on Monday. Euronet Worldwide, Inc. has a 12-month low of $80.12 and a 12-month high of $158.80. The stock has a market capitalization of $8.23 billion, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The company has a current ratio of 1.28, a quick 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 company had revenue of $577.50 million for the quarter, compared to the consensus estimate of $602.73 million. During the same quarter in the prior year, the firm earned $0.73 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts predict that Euronet Worldwide, Inc. will post 6.7 EPS for the current fiscal year.

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About Euronet Worldwide

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.

Further Reading: What is a balanced fund?

Want to see what other hedge funds are holding EEFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Euronet Worldwide, Inc. (NASDAQ:EEFT).

Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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