Natixis Advisors L.P. Decreases Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Natixis Advisors L.P. lowered its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 6.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 86,621 shares of the business services provider’s stock after selling 6,324 shares during the quarter. Natixis Advisors L.P. owned about 0.19% of Euronet Worldwide worth $8,790,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SkyView Investment Advisors LLC raised its holdings in Euronet Worldwide by 5.5% during the third quarter. SkyView Investment Advisors LLC now owns 3,572 shares of the business services provider’s stock worth $283,000 after purchasing an additional 186 shares in the last quarter. FCF Advisors LLC purchased a new stake in shares of Euronet Worldwide in the 4th quarter valued at about $794,000. Voss Capital LLC boosted its position in shares of Euronet Worldwide by 52.8% in the 4th quarter. Voss Capital LLC now owns 565,256 shares of the business services provider’s stock valued at $57,368,000 after purchasing an additional 195,404 shares during the period. Burgundy Asset Management Ltd. purchased a new position in Euronet Worldwide during the 3rd quarter worth approximately $35,309,000. Finally, Algert Global LLC increased its position in Euronet Worldwide by 133.5% during the third quarter. Algert Global LLC now owns 52,014 shares of the business services provider’s stock worth $4,129,000 after buying an additional 29,739 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Trading Up 0.2 %

Shares of EEFT stock opened at $112.59 on Thursday. The business’s fifty day moving average price is $107.59 and its 200 day moving average price is $99.28. The firm has a market capitalization of $5.16 billion, a PE ratio of 19.82 and a beta of 1.39. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.33 and a quick ratio of 1.54. Euronet Worldwide, Inc. has a 1-year low of $73.84 and a 1-year high of $121.55.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.34. Euronet Worldwide had a net margin of 7.63% and a return on equity of 26.71%. The business had revenue of $957.70 million for the quarter, compared to analysts’ expectations of $844.59 million. During the same period in the prior year, the company posted $1.12 EPS. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, sell-side analysts forecast that Euronet Worldwide, Inc. will post 7.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on EEFT shares. Citigroup upgraded shares of Euronet Worldwide from a “neutral” rating to a “buy” rating and raised their target price for the stock from $116.00 to $120.00 in a research report on Monday, April 22nd. Needham & Company LLC lifted their price objective on shares of Euronet Worldwide from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. William Blair reiterated an “outperform” rating on shares of Euronet Worldwide in a research note on Wednesday, May 1st. Evercore ISI raised their price target on Euronet Worldwide from $118.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, Monness Crespi & Hardt started coverage on Euronet Worldwide in a research note on Wednesday, March 20th. They set a “buy” rating and a $140.00 price objective for the company. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $121.89.

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.