Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC reduced its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,162 shares of the business services provider’s stock after selling 2,101 shares during the period. Natixis Advisors LLC owned approximately 0.23% of Euronet Worldwide worth $10,595,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. increased its holdings in Euronet Worldwide by 0.3% in the first quarter. Principal Financial Group Inc. now owns 95,039 shares of the business services provider’s stock valued at $10,155,000 after buying an additional 280 shares during the last quarter. GAMMA Investing LLC increased its holdings in Euronet Worldwide by 99.9% in the first quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider’s stock valued at $204,000 after buying an additional 953 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in Euronet Worldwide by 211.6% in the first quarter. Asset Management One Co. Ltd. now owns 1,991 shares of the business services provider’s stock valued at $213,000 after buying an additional 1,352 shares during the last quarter. SG Americas Securities LLC increased its holdings in Euronet Worldwide by 46.4% in the first quarter. SG Americas Securities LLC now owns 4,721 shares of the business services provider’s stock valued at $504,000 after buying an additional 1,496 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Euronet Worldwide in the first quarter valued at $1,400,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Stock Performance

Shares of EEFT stock opened at $93.90 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.60 and a current ratio of 1.15. Euronet Worldwide, Inc. has a 1 year low of $85.24 and a 1 year high of $114.25. The stock’s 50-day moving average is $104.62 and its two-hundred day moving average is $102.50. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 0.69 and a beta of 1.25.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $2.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.66 by ($0.10). Euronet Worldwide had a return on equity of 26.62% and a net margin of 8.06%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the business earned $2.25 EPS. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. Analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Oppenheimer increased their target price on Euronet Worldwide from $135.00 to $137.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. William Blair reissued an “outperform” rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Keefe, Bruyette & Woods dropped their price objective on Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating on the stock in a report on Friday, April 25th. Finally, Needham & Company LLC dropped their price objective on Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Three 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $123.83.

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.