Kennedy Capital Management LLC Decreases Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Kennedy Capital Management LLC lowered its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 16.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,273 shares of the business services provider’s stock after selling 9,343 shares during the period. Kennedy Capital Management LLC owned approximately 0.10% of Euronet Worldwide worth $5,197,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of EEFT. Signaturefd LLC lifted its position in shares of Euronet Worldwide by 189.9% during the fourth quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock worth $26,000 after acquiring an additional 169 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Euronet Worldwide during the 4th quarter worth about $30,000. Quadrant Capital Group LLC boosted its stake in Euronet Worldwide by 242.7% in the 4th quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock worth $36,000 after purchasing an additional 250 shares during the period. Headlands Technologies LLC purchased a new position in Euronet Worldwide during the 1st quarter valued at about $50,000. Finally, First Horizon Advisors Inc. increased its position in shares of Euronet Worldwide by 26.4% during the fourth quarter. First Horizon Advisors Inc. now owns 503 shares of the business services provider’s stock valued at $51,000 after buying an additional 105 shares during the period. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Citigroup boosted their price objective on shares of Euronet Worldwide from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Wolfe Research upgraded shares of Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Friday, May 17th. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. DA Davidson lifted their price target on Euronet Worldwide from $126.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Finally, William Blair reissued an “outperform” rating on shares of Euronet Worldwide in a report on Wednesday, May 1st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $124.11.

Euronet Worldwide Trading Up 0.4 %

Shares of Euronet Worldwide stock traded up $0.42 during trading on Wednesday, reaching $101.82. 15,514 shares of the stock were exchanged, compared to its average volume of 305,585. Euronet Worldwide, Inc. has a 1 year low of $73.84 and a 1 year high of $117.66. The company has a quick ratio of 1.33, a current ratio of 1.19 and a debt-to-equity ratio of 0.85. The stock’s fifty day moving average is $107.15 and its 200 day moving average is $106.96. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 17.85 and a beta of 1.45.

Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Thursday, July 18th. The business services provider reported $2.25 EPS for the quarter, topping the consensus estimate of $2.04 by $0.21. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The business had revenue of $986.20 million for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the company posted $1.84 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, equities research analysts expect that Euronet Worldwide, Inc. will post 7.9 earnings per share for the current fiscal year.

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.