Martingale Asset Management L P Takes $1.03 Million Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Martingale Asset Management L P bought a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFTGet Rating) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,189 shares of the business services provider’s stock, valued at approximately $1,025,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Swiss National Bank lifted its stake in shares of Euronet Worldwide by 7.5% in the 1st quarter. Swiss National Bank now owns 125,000 shares of the business services provider’s stock valued at $16,269,000 after acquiring an additional 8,700 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Euronet Worldwide by 6.4% in the 1st quarter. Teacher Retirement System of Texas now owns 10,846 shares of the business services provider’s stock valued at $1,412,000 after acquiring an additional 654 shares during the last quarter. Quantinno Capital Management LP increased its holdings in Euronet Worldwide by 16.0% during the 1st quarter. Quantinno Capital Management LP now owns 10,890 shares of the business services provider’s stock valued at $1,417,000 after purchasing an additional 1,504 shares during the period. Kavar Capital Partners Group LLC increased its holdings in Euronet Worldwide by 1.0% during the 1st quarter. Kavar Capital Partners Group LLC now owns 35,723 shares of the business services provider’s stock valued at $4,649,000 after purchasing an additional 355 shares during the period. Finally, Dupont Capital Management Corp increased its holdings in Euronet Worldwide by 1.7% during the 2nd quarter. Dupont Capital Management Corp now owns 54,268 shares of the business services provider’s stock valued at $5,459,000 after purchasing an additional 930 shares during the period. Institutional investors own 93.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EEFT shares. DA Davidson reduced their price target on Euronet Worldwide from $170.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, October 6th. Needham & Company LLC reduced their target price on Euronet Worldwide from $140.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, October 24th. StockNews.com initiated coverage on Euronet Worldwide in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Stephens started coverage on Euronet Worldwide in a report on Wednesday, September 14th. They set an “equal weight” rating and a $95.00 target price on the stock. Finally, Keefe, Bruyette & Woods cut Euronet Worldwide from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $124.00 to $90.00 in a research report on Sunday, October 9th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $113.25.

Euronet Worldwide Trading Up 1.7 %

NASDAQ EEFT opened at $90.08 on Monday. The company has a fifty day moving average of $82.64 and a 200 day moving average of $96.13. The company has a market capitalization of $4.47 billion, a PE ratio of 29.44 and a beta of 1.36. Euronet Worldwide, Inc. has a 1 year low of $71.60 and a 1 year high of $149.92. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.50 and a quick ratio of 1.50.

Euronet Worldwide Profile

(Get Rating)

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, agents, retailers, merchants, content providers, and individual consumers worldwide. The company's 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 card outsourcing, card issuing, and merchant acquiring services.

See Also

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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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