Penserra Capital Management LLC Has $4.67 Million Stock Holdings in Euronet Worldwide, Inc. $EEFT

Penserra Capital Management LLC trimmed its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 17.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,151 shares of the business services provider’s stock after selling 10,988 shares during the quarter. Penserra Capital Management LLC owned 0.13% of Euronet Worldwide worth $4,667,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. American Century Companies Inc. grew its stake in shares of Euronet Worldwide by 20.4% in the second quarter. American Century Companies Inc. now owns 1,342,733 shares of the business services provider’s stock worth $136,126,000 after purchasing an additional 227,597 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Euronet Worldwide by 131.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,308,267 shares of the business services provider’s stock worth $132,632,000 after buying an additional 744,040 shares during the period. Burgundy Asset Management Ltd. grew its position in shares of Euronet Worldwide by 3.9% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,217,631 shares of the business services provider’s stock valued at $123,443,000 after buying an additional 46,205 shares during the last quarter. Van Berkom & Associates Inc. increased its stake in shares of Euronet Worldwide by 7.0% in the third quarter. Van Berkom & Associates Inc. now owns 1,105,348 shares of the business services provider’s stock valued at $97,061,000 after buying an additional 72,138 shares during the period. Finally, Reinhart Partners LLC. raised its position in shares of Euronet Worldwide by 20.3% during the third quarter. Reinhart Partners LLC. now owns 1,079,798 shares of the business services provider’s stock worth $94,818,000 after acquiring an additional 181,888 shares during the last quarter. Institutional investors own 91.60% of the company’s stock.

Wall Street Analyst Weigh In

EEFT has been the topic of several analyst reports. Keefe, Bruyette & Woods reduced their target price on Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Friday, October 24th. Monness Crespi & Hardt downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a research report on Monday, January 5th. DA Davidson decreased their price objective on shares of Euronet Worldwide from $124.00 to $112.00 and set a “buy” rating for the company in a research report on Wednesday. Needham & Company LLC dropped their target price on shares of Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. Finally, Wolfe Research reaffirmed an “underperform” rating and set a $80.00 price target on shares of Euronet Worldwide in a research report on Thursday, January 8th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $108.33.

Euronet Worldwide Stock Up 1.2%

Euronet Worldwide stock opened at $71.84 on Friday. The company has a market capitalization of $3.02 billion, a PE ratio of 10.52, a PEG ratio of 0.55 and a beta of 0.82. Euronet Worldwide, Inc. has a 12-month low of $67.00 and a 12-month high of $114.25. The firm’s fifty day moving average is $74.80 and its 200 day moving average is $82.86. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.84.

About Euronet Worldwide

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.