Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,199 shares of the business services provider’s stock after selling 538 shares during the quarter. Amalgamated Bank’s holdings in Euronet Worldwide were worth $2,051,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EEFT. State of Alaska Department of Revenue increased its stake in Euronet Worldwide by 2.5% during the first quarter. State of Alaska Department of Revenue now owns 4,833 shares of the business services provider’s stock worth $516,000 after acquiring an additional 120 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Euronet Worldwide by 6.8% in the first quarter. Fifth Third Bancorp now owns 1,929 shares of the business services provider’s stock valued at $206,000 after purchasing an additional 123 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in Euronet Worldwide by 4.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,492 shares of the business services provider’s stock valued at $373,000 after purchasing an additional 147 shares during the period. Xponance Inc. boosted its holdings in Euronet Worldwide by 3.6% in the fourth quarter. Xponance Inc. now owns 4,790 shares of the business services provider’s stock valued at $493,000 after purchasing an additional 166 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Euronet Worldwide by 2.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,469 shares of the business services provider’s stock worth $768,000 after buying an additional 169 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

Shares of NASDAQ:EEFT opened at $106.94 on Monday. The business’s fifty day moving average price is $106.10 and its two-hundred day moving average price is $102.40. The stock has a market cap of $4.62 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 0.79 and a beta of 1.23. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.60 and a current ratio of 1.60. Euronet Worldwide, Inc. has a one year low of $85.24 and a one year high of $114.25.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.13. Euronet Worldwide had a return on equity of 26.97% and a net margin of 7.88%. The business had revenue of $915.50 million for the quarter, compared to analysts’ expectations of $908.93 million. During the same quarter last year, the firm earned $1.28 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. On average, analysts forecast that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on EEFT. Oppenheimer lifted their price target on Euronet Worldwide from $135.00 to $137.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods reduced their price objective on Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating for the company in a research note on Friday, April 25th. Needham & Company LLC dropped their target price on Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, William Blair reiterated an “outperform” rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.86.

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.