Cambiar Investors LLC Sells 34,301 Shares of Euronet Worldwide, Inc. $EEFT

Cambiar Investors LLC lessened its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 39.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 51,683 shares of the business services provider’s stock after selling 34,301 shares during the quarter. Cambiar Investors LLC’s holdings in Euronet Worldwide were worth $4,538,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. LRI Investments LLC boosted its holdings in shares of Euronet Worldwide by 26.7% during the 2nd quarter. LRI Investments LLC now owns 1,540 shares of the business services provider’s stock worth $156,000 after buying an additional 325 shares during the period. Meritage Portfolio Management lifted its position in Euronet Worldwide by 18.8% during the 3rd quarter. Meritage Portfolio Management now owns 124,343 shares of the business services provider’s stock worth $10,919,000 after acquiring an additional 19,713 shares during the last quarter. Prudential Financial Inc. boosted its holdings in Euronet Worldwide by 80.3% during the second quarter. Prudential Financial Inc. now owns 98,147 shares of the business services provider’s stock valued at $9,950,000 after acquiring an additional 43,710 shares during the period. American Century Companies Inc. grew its position in shares of Euronet Worldwide by 20.4% in the second quarter. American Century Companies Inc. now owns 1,342,733 shares of the business services provider’s stock valued at $136,126,000 after purchasing an additional 227,597 shares during the last quarter. Finally, Reinhart Partners LLC. grew its position in shares of Euronet Worldwide by 20.3% in the third quarter. Reinhart Partners LLC. now owns 1,079,798 shares of the business services provider’s stock valued at $94,818,000 after purchasing an additional 181,888 shares during the last quarter. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Down 1.6%

Shares of EEFT stock opened at $72.87 on Wednesday. Euronet Worldwide, Inc. has a one year low of $68.56 and a one year high of $114.25. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a fifty day moving average price of $74.92 and a 200 day moving average price of $84.05. The stock has a market cap of $3.06 billion, a P/E ratio of 10.67, a price-to-earnings-growth ratio of 0.57 and a beta of 0.84.

Analyst Ratings Changes

EEFT has been the subject of several research analyst reports. Needham & Company LLC cut their price objective on Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Keefe, Bruyette & Woods cut their price target on Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Friday, October 24th. Wolfe Research restated an “underperform” rating and issued a $80.00 price objective on shares of Euronet Worldwide in a research note on Thursday, January 8th. Wall Street Zen lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, Monness Crespi & Hardt downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a report on Monday, January 5th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $111.33.

About Euronet Worldwide

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.