309,231 Euronet Worldwide, Inc. $EEFT Shares Sold by New South Capital Management Inc.

New South Capital Management Inc. decreased its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 38.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 488,529 shares of the business services provider’s stock after selling 309,231 shares during the period. Euronet Worldwide makes up 2.1% of New South Capital Management Inc.’s portfolio, making the stock its 16th largest holding. New South Capital Management Inc.’s holdings in Euronet Worldwide were worth $30,714,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE bought a new stake in shares of Euronet Worldwide in the second quarter worth approximately $22,221,000. Walleye Trading LLC purchased a new position in shares of Euronet Worldwide during the second quarter valued at approximately $1,068,000. Rice Hall James & Associates LLC lifted its position in Euronet Worldwide by 8.3% during the first quarter. Rice Hall James & Associates LLC now owns 241,991 shares of the business services provider’s stock valued at $16,061,000 after purchasing an additional 18,515 shares during the period. BlackRock Inc. bought a new position in Euronet Worldwide during the second quarter valued at approximately $244,726,000. Finally, Engineers Gate Manager LP bought a new position in Euronet Worldwide during the second quarter valued at approximately $2,277,000. Institutional investors own 91.60% of the company’s stock.

Analyst Ratings Changes

EEFT has been the subject of a number of research analyst reports. Stephens cut their target price on shares of Euronet Worldwide from $71.00 to $63.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 28th. Wolfe Research lowered their price target on Euronet Worldwide from $75.00 to $70.00 and set an “underperform” rating on the stock in a report on Tuesday, August 25th. DA Davidson dropped their price target on Euronet Worldwide from $94.00 to $84.00 and set a “buy” rating on the stock in a research note on Wednesday, October 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Euronet Worldwide in a report on Wednesday, November 4th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Euronet Worldwide in a research report on Wednesday, October 28th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $73.40.

Euronet Worldwide Stock Performance

EEFT opened at $70.49 on Thursday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.31. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 0.58 and a beta of 0.92. The company’s 50 day moving average is $66.64 and its 200 day moving average is $70.26. Euronet Worldwide, Inc. has a 12-month low of $57.48 and a 12-month high of $83.97.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Tuesday, October 27th. The business services provider reported $3.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.66 by ($0.11). Euronet Worldwide had a net margin of 6.41% and a return on equity of 27.44%. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm posted $3.62 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities research analysts predict that Euronet Worldwide, Inc. will post 9.35 EPS for the current year.

Euronet Worldwide Profile

Euronet Worldwide is a global provider of electronic payment and transaction-processing services. Founded in 1994, the company began by developing electronic funds transfer services in Central Europe and has since expanded its offerings and international reach. Its EFT Processing business provides ATM and point-of-sale services, including network operations, payment processing and outsourced solutions for financial institutions and businesses. Through its epay business, Euronet distributes prepaid mobile airtime and other digital products.