WCM Investment Management LLC lessened its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,287 shares of the business services provider’s stock after selling 236 shares during the quarter. WCM Investment Management LLC’s holdings in Euronet Worldwide were worth $1,731,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in EEFT. Meridian Wealth Management LLC bought a new stake in Euronet Worldwide during the 1st quarter valued at about $43,000. Tortoise Index Solutions LLC bought a new stake in Euronet Worldwide during the 1st quarter valued at about $105,000. Flagship Harbor Advisors LLC lifted its holdings in Euronet Worldwide by 144.9% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 786 shares of the business services provider’s stock valued at $132,000 after buying an additional 465 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in Euronet Worldwide during the 1st quarter valued at about $144,000. Finally, Camelot Portfolios LLC bought a new stake in Euronet Worldwide during the 2nd quarter valued at about $206,000. Hedge funds and other institutional investors own 93.70% of the company’s stock.
EEFT stock traded down $1.84 during trading on Friday, reaching $149.52. The company had a trading volume of 5,369 shares, compared to its average volume of 511,275. The firm has a 50-day simple moving average of $158.99 and a 200-day simple moving average of $149.23. The company has a market cap of $8.27 billion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 1.72 and a beta of 1.16. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.82 and a current ratio of 1.82. Euronet Worldwide, Inc. has a twelve month low of $91.78 and a twelve month high of $171.25.
A number of equities research analysts recently weighed in on EEFT shares. DA Davidson lowered shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and set a $161.20 price objective for the company. in a report on Thursday, June 13th. They noted that the move was a valuation call. Citigroup set a $189.00 price objective on shares of Euronet Worldwide and gave the company a “buy” rating in a report on Friday, July 19th. Wolfe Research started coverage on shares of Euronet Worldwide in a report on Wednesday, July 31st. They set an “outperform” rating and a $200.00 price objective for the company. Finally, BidaskClub lowered shares of Euronet Worldwide from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 11th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Euronet Worldwide has an average rating of “Buy” and an average target price of $165.40.
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. 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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