Tudor Investment Corp ET AL lowered its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 78.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,700 shares of the business services provider’s stock after selling 13,291 shares during the period. Tudor Investment Corp ET AL’s holdings in Euronet Worldwide were worth $316,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. William Blair Investment Management LLC acquired a new stake in shares of Euronet Worldwide during the first quarter worth $71,781,000. Villere ST Denis J & Co. LLC boosted its stake in shares of Euronet Worldwide by 96.7% in the first quarter. Villere ST Denis J & Co. LLC now owns 911,973 shares of the business services provider’s stock worth $77,991,000 after buying an additional 448,300 shares during the period. Norges Bank acquired a new stake in shares of Euronet Worldwide during the fourth quarter worth $28,977,000. Ameriprise Financial Inc. boosted its stake in shares of Euronet Worldwide by 67.2% in the first quarter. Ameriprise Financial Inc. now owns 617,953 shares of the business services provider’s stock worth $52,847,000 after buying an additional 248,256 shares during the period. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in shares of Euronet Worldwide during the first quarter worth $18,377,000. 94.41% of the stock is currently owned by institutional investors.
Shares of Euronet Worldwide, Inc. (EEFT) opened at 90.83 on Friday. The company has a 50 day moving average of $88.26 and a 200-day moving average of $82.81. The firm has a market cap of $4.76 billion, a PE ratio of 28.31 and a beta of 1.33. Euronet Worldwide, Inc. has a 12-month low of $70.51 and a 12-month high of $92.00.
Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Tuesday, April 25th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.73. The company had revenue of $473.40 million during the quarter, compared to analysts’ expectations of $464.08 million. Euronet Worldwide had a return on equity of 22.77% and a net margin of 8.70%. Equities research analysts forecast that Euronet Worldwide, Inc. will post $4.53 EPS for the current fiscal year.
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EEFT has been the topic of a number of research reports. Zacks Investment Research cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Lake Street Capital initiated coverage on shares of Euronet Worldwide in a report on Monday, June 26th. They set a “buy” rating and a $96.00 target price on the stock. Finally, DA Davidson initiated coverage on shares of Euronet Worldwide in a report on Wednesday. They set a “buy” rating and a $105.00 target price on the stock. Six analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of $99.60.
In other Euronet Worldwide news, VP Jeffrey B. Newman sold 3,433 shares of Euronet Worldwide stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $92.00, for a total transaction of $315,836.00. Following the completion of the transaction, the vice president now directly owns 16,386 shares of the company’s stock, valued at $1,507,512. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Juan Bianchi sold 18,126 shares of Euronet Worldwide stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $88.01, for a total value of $1,595,269.26. Following the transaction, the chief executive officer now directly owns 9,534 shares of the company’s stock, valued at $839,087.34. The disclosure for this sale can be found here. 7.70% of the stock is currently owned by company insiders.
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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