AtonRa Partners Sells 1,341 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

AtonRa Partners lessened its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 15.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,326 shares of the business services provider’s stock after selling 1,341 shares during the quarter. Euronet Worldwide accounts for about 1.5% of AtonRa Partners’ investment portfolio, making the stock its 13th largest position. AtonRa Partners’ holdings in Euronet Worldwide were worth $744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Euronet Worldwide by 17.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,710,006 shares of the business services provider’s stock worth $294,500,000 after buying an additional 548,457 shares in the last quarter. Van Berkom & Associates Inc. increased its holdings in Euronet Worldwide by 48.6% during the 3rd quarter. Van Berkom & Associates Inc. now owns 1,069,693 shares of the business services provider’s stock valued at $84,912,000 after purchasing an additional 349,720 shares in the last quarter. Voss Capital LLC raised its position in Euronet Worldwide by 52.8% in the 4th quarter. Voss Capital LLC now owns 565,256 shares of the business services provider’s stock valued at $57,368,000 after purchasing an additional 195,404 shares during the last quarter. Reinhart Partners LLC. grew its holdings in shares of Euronet Worldwide by 14.7% during the fourth quarter. Reinhart Partners LLC. now owns 533,825 shares of the business services provider’s stock worth $54,178,000 after purchasing an additional 68,596 shares during the last quarter. Finally, New South Capital Management Inc. increased its stake in shares of Euronet Worldwide by 15.5% in the third quarter. New South Capital Management Inc. now owns 464,105 shares of the business services provider’s stock valued at $36,841,000 after buying an additional 62,125 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Trading Up 0.8 %

NASDAQ EEFT traded up $0.82 on Monday, reaching $104.65. The company had a trading volume of 257,251 shares, compared to its average volume of 270,119. Euronet Worldwide, Inc. has a 52 week low of $73.84 and a 52 week high of $121.55. The stock’s 50 day moving average is $107.51 and its 200-day moving average is $97.68. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.37. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 19.04 and a beta of 1.39.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.34. Euronet Worldwide had a return on equity of 25.23% and a net margin of 7.63%. The company had revenue of $957.70 million during the quarter, compared to analysts’ expectations of $844.59 million. During the same period in the prior year, the business posted $1.12 EPS. Euronet Worldwide’s revenue was up 10.6% on a year-over-year basis. Equities analysts predict that Euronet Worldwide, Inc. will post 7.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on EEFT shares. Needham & Company LLC increased their price objective on shares of Euronet Worldwide from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. DA Davidson restated a “buy” rating and issued a $126.00 price objective on shares of Euronet Worldwide in a research report on Monday, April 15th. Stephens raised Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 price objective on the stock in a report on Thursday, February 1st. Monness Crespi & Hardt initiated coverage on Euronet Worldwide in a research note on Wednesday, March 20th. They issued a “buy” rating and a $140.00 target price for the company. Finally, Citigroup upgraded Euronet Worldwide from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $116.00 to $120.00 in a research report on Monday, April 22nd. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, Euronet Worldwide currently has a consensus rating of “Buy” and a consensus target price of $120.75.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer 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 and prepaid card outsourcing, card issuing, and merchant acquiring services.