Dimensional Fund Advisors LP cut its position in shares of Euronet Worldwide Inc. (NASDAQ:EEFT) by 18.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 867,665 shares of the company’s stock after selling 195,836 shares during the period. Dimensional Fund Advisors LP owned 1.67% of Euronet Worldwide worth $60,033,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Adage Capital Partners GP L.L.C. purchased a new position in Euronet Worldwide during the first quarter valued at about $25,939,000. State Street Corp raised its position in Euronet Worldwide by 2.4% in the first quarter. State Street Corp now owns 956,898 shares of the company’s stock valued at $70,918,000 after buying an additional 22,785 shares during the last quarter. Geode Capital Management LLC raised its position in Euronet Worldwide by 3.7% in the first quarter. Geode Capital Management LLC now owns 344,720 shares of the company’s stock valued at $25,547,000 after buying an additional 12,295 shares during the last quarter. BlackRock Inc. raised its position in Euronet Worldwide by 50.0% in the first quarter. BlackRock Inc. now owns 3,464 shares of the company’s stock valued at $257,000 after buying an additional 1,154 shares during the last quarter. Finally, Kennedy Capital Management Inc. raised its position in Euronet Worldwide by 13.8% in the first quarter. Kennedy Capital Management Inc. now owns 279,616 shares of the company’s stock valued at $20,722,000 after buying an additional 33,952 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.
Euronet Worldwide Inc. (NASDAQ:EEFT) traded up 0.43% during mid-day trading on Monday, hitting $82.18. 69,460 shares of the stock traded hands. The firm has a market capitalization of $4.28 billion, a P/E ratio of 29.86 and a beta of 1.49. The company has a 50-day moving average of $78.93 and a 200 day moving average of $76.05. Euronet Worldwide Inc. has a 1-year low of $52.00 and a 1-year high of $82.49.
Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Tuesday, July 26th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.07. The business earned $476.90 million during the quarter, compared to analyst estimates of $470.99 million. Euronet Worldwide had a return on equity of 22.65% and a net margin of 8.01%. Euronet Worldwide’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 earnings per share. On average, equities research analysts anticipate that Euronet Worldwide Inc. will post $4.07 EPS for the current year.
Several research firms have recently weighed in on EEFT. Zacks Investment Research lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th. Monness Crespi & Hardt lowered shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a research note on Friday, June 10th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Euronet Worldwide presently has a consensus 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 company’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $77.80, for a total value of $449,061.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kevin J. Caponecchi sold 58,573 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $75.52, for a total value of $4,423,432.96. The disclosure for this sale can be found here. 7.30% of the stock is 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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