Fiera Capital Corp reduced its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 31.2% in the first quarter, HoldingsChannel.com reports. The firm owned 35,617 shares of the business services provider’s stock after selling 16,158 shares during the period. Fiera Capital Corp’s holdings in Euronet Worldwide were worth $5,078,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of EEFT. Norges Bank bought a new position in shares of Euronet Worldwide in the fourth quarter worth approximately $43,343,000. Rice Hall James & Associates LLC lifted its holdings in shares of Euronet Worldwide by 1,147.4% in 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 in the last quarter. Columbus Circle Investors lifted its holdings in shares of Euronet Worldwide by 194.1% in 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 in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in shares of Euronet Worldwide in the fourth quarter worth $18,940,000. Finally, Smith Asset Management Group LP lifted its holdings in shares of Euronet Worldwide by 57,472.5% in 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 in the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.
Several equities analysts have recently commented on the stock. BidaskClub downgraded shares of Euronet Worldwide from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Wells Fargo & Co boosted their target price on shares of Euronet Worldwide from $150.00 to $164.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. They noted that the move was a valuation call. DA Davidson boosted their target price on shares of Euronet Worldwide to $165.00 and gave the stock an “average” rating in a report on Friday, April 5th. They noted that the move was a valuation call. Piper Jaffray Companies boosted their target price on shares of Euronet Worldwide to $159.00 in a report on Tuesday, March 5th. Finally, Zacks Investment Research raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Thursday, February 14th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Euronet Worldwide currently has a consensus rating of “Buy” and an average price target of $153.29.
EEFT stock opened at $162.98 on Thursday. Euronet Worldwide, Inc. has a one year low of $81.68 and a one year high of $163.61. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $8.38 billion, a PE ratio of 30.69, a P/E/G ratio of 1.81 and a beta of 1.16.
Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Monday, April 29th. The business services provider reported $0.85 EPS for the quarter, topping 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 firm had revenue of $577.50 million for the quarter, compared to the consensus estimate of $602.73 million. During the same quarter in the previous year, the firm earned $0.73 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts predict that Euronet Worldwide, Inc. will post 6.7 EPS for the current year.
In related news, VP Jeffrey B. Newman sold 5,461 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $161.12, for a total transaction of $879,876.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 6.40% of the stock is owned by corporate insiders.
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Euronet Worldwide Profile
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.
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