Hussman Strategic Advisors Inc. Acquires Shares of 31,500 Euronet Worldwide, Inc. $EEFT

Hussman Strategic Advisors Inc. bought a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 31,500 shares of the business services provider’s stock, valued at approximately $2,766,000. Hussman Strategic Advisors Inc. owned 0.08% of Euronet Worldwide at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of EEFT. Geneos Wealth Management Inc. grew its holdings in Euronet Worldwide by 48.4% during the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after acquiring an additional 109 shares during the period. PNC Financial Services Group Inc. increased its holdings in Euronet Worldwide by 4.9% in the second quarter. PNC Financial Services Group Inc. now owns 2,420 shares of the business services provider’s stock valued at $245,000 after buying an additional 113 shares in the last quarter. Lecap Asset Management Ltd. increased its holdings in Euronet Worldwide by 2.9% during the 3rd quarter. Lecap Asset Management Ltd. now owns 4,550 shares of the business services provider’s stock valued at $400,000 after acquiring an additional 129 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in Euronet Worldwide by 0.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 34,035 shares of the business services provider’s stock valued at $3,450,000 after purchasing an additional 129 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in shares of Euronet Worldwide by 3.2% during the 2nd quarter. Quadrant Capital Group LLC now owns 4,228 shares of the business services provider’s stock worth $429,000 after purchasing an additional 131 shares during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Euronet Worldwide Trading Down 1.6%

EEFT stock opened at $72.87 on Wednesday. Euronet Worldwide, Inc. has a 52 week low of $68.56 and a 52 week high of $114.25. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 0.57 and a beta of 0.84. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. The business has a fifty day simple moving average of $74.92 and a 200-day simple moving average of $84.05.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Oppenheimer cut their price objective on shares of Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 17th. Wall Street Zen downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Monness Crespi & Hardt cut Euronet Worldwide from a “buy” rating to a “neutral” rating in a report on Monday, January 5th. Weiss Ratings lowered Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Finally, Wolfe Research reiterated an “underperform” rating and set a $80.00 target price on shares of Euronet Worldwide in a research report on Thursday, January 8th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $111.33.

Euronet Worldwide Profile

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.