Mutual of America Capital Management LLC Decreases Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Mutual of America Capital Management LLC cut its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,253 shares of the business services provider’s stock after selling 562 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Euronet Worldwide were worth $2,271,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC acquired a new stake in Euronet Worldwide during the fourth quarter worth about $28,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Euronet Worldwide by 2.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,469 shares of the business services provider’s stock valued at $768,000 after purchasing an additional 169 shares during the period. HighTower Advisors LLC grew its holdings in Euronet Worldwide by 0.8% in the fourth quarter. HighTower Advisors LLC now owns 25,883 shares of the business services provider’s stock valued at $2,662,000 after purchasing an additional 209 shares during the period. Corient Private Wealth LLC grew its holdings in Euronet Worldwide by 7.9% in the fourth quarter. Corient Private Wealth LLC now owns 2,846 shares of the business services provider’s stock valued at $293,000 after purchasing an additional 209 shares during the period. Finally, Xponance Inc. grew 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. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Euronet Worldwide Stock Down 1.5%

NASDAQ:EEFT opened at $99.50 on Friday. The firm has a market capitalization of $4.30 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 0.74 and a beta of 1.23. The stock has a 50 day moving average of $106.17 and a 200-day moving average of $102.35. Euronet Worldwide, Inc. has a 52 week low of $85.24 and a 52 week high of $114.25. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.46.

Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.13. Euronet Worldwide had a return on equity of 26.97% and a net margin of 7.88%. The firm had revenue of $915.50 million during the quarter, compared to the consensus estimate of $908.93 million. During the same period in the prior year, the firm posted $1.28 earnings per share. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. Analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Analyst Ratings Changes

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