Campbell & CO Investment Adviser LLC increased its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 161.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,885 shares of the business services provider’s stock after buying an additional 4,251 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Euronet Worldwide were worth $1,007,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of EEFT. Meridian Wealth Management LLC bought a new stake in shares of Euronet Worldwide during the first quarter worth approximately $43,000. Marshall Wace LLP grew its holdings in Euronet Worldwide by 204.2% during the first quarter. Marshall Wace LLP now owns 4,198 shares of the business services provider’s stock valued at $599,000 after purchasing an additional 2,818 shares during the period. Sepio Capital LLC acquired a new position in Euronet Worldwide during the first quarter valued at approximately $578,000. Amundi Pioneer Asset Management Inc. grew its holdings in Euronet Worldwide by 104.0% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 170,543 shares of the business services provider’s stock valued at $24,318,000 after purchasing an additional 86,931 shares during the period. Finally, WINTON GROUP Ltd grew its holdings in Euronet Worldwide by 79.2% during the second quarter. WINTON GROUP Ltd now owns 3,831 shares of the business services provider’s stock valued at $645,000 after purchasing an additional 1,693 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently weighed in on EEFT. Northland Securities reiterated a “buy” rating and issued a $175.00 price target on shares of Euronet Worldwide in a report on Tuesday, October 1st. ValuEngine cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, September 6th. Piper Jaffray Companies set a $180.00 price target on shares of Euronet Worldwide and gave the company a “buy” rating in a report on Tuesday, September 17th. BidaskClub upgraded shares of Euronet Worldwide from a “strong sell” rating to a “sell” rating in a report on Friday, September 27th. Finally, Citigroup upped their price target on shares of Euronet Worldwide from $168.00 to $189.00 and gave the company a “buy” rating in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $168.80.
NASDAQ EEFT traded down $1.25 on Wednesday, hitting $145.60. 9,894 shares of the stock were exchanged, compared to its average volume of 393,558. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.82 and a quick ratio of 1.82. The business’s fifty day moving average is $147.97 and its 200 day moving average is $153.22. Euronet Worldwide, Inc. has a 52 week low of $91.78 and a 52 week high of $171.25. The company has a market capitalization of $7.99 billion, a PE ratio of 27.47, a P/E/G ratio of 1.76 and a beta of 1.12.
Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Tuesday, July 23rd. The business services provider reported $1.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.63 by ($0.04). The firm had revenue of $691.90 million for the quarter, compared to the consensus estimate of $691.90 million. Euronet Worldwide had a return on equity of 24.94% and a net margin of 10.08%. Analysts predict that Euronet Worldwide, Inc. will post 6.67 EPS for the current fiscal year.
About Euronet Worldwide
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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