Euronet Worldwide, Inc. (NASDAQ:EEFT) Holdings Decreased by Perpetual Ltd

Perpetual Ltd trimmed its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 15.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,845 shares of the business services provider’s stock after selling 16,890 shares during the quarter. Euronet Worldwide makes up approximately 2.5% of Perpetual Ltd’s holdings, making the stock its 13th largest position. Perpetual Ltd owned 0.18% of Euronet Worldwide worth $15,452,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meridian Wealth Management LLC bought a new stake in shares of Euronet Worldwide in the 1st quarter valued at approximately $43,000. Flagship Harbor Advisors LLC acquired a new position in Euronet Worldwide during the 1st quarter valued at approximately $45,000. Tortoise Index Solutions LLC acquired a new position in Euronet Worldwide during the 1st quarter valued at approximately $105,000. O Shaughnessy Asset Management LLC acquired a new position in Euronet Worldwide during the 1st quarter valued at approximately $144,000. Finally, Camelot Portfolios LLC acquired a new position in Euronet Worldwide during the 2nd quarter valued at approximately $206,000. Institutional investors and hedge funds own 99.32% of the company’s stock.

A number of brokerages have issued reports on EEFT. DA Davidson lowered Euronet Worldwide from a “buy” rating to a “neutral” rating and set a $161.20 price target for the company. in a research report on Thursday, June 13th. They noted that the move was a valuation call. Citigroup set a $189.00 price target on Euronet Worldwide and gave the stock a “buy” rating in a research report on Friday, July 19th. BidaskClub lowered Euronet Worldwide from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 11th. Finally, Wolfe Research started coverage on Euronet Worldwide in a report on Wednesday, July 31st. They issued an “outperform” rating and a $200.00 price objective for the company. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Euronet Worldwide presently has a consensus rating of “Buy” and an average target price of $165.40.

Shares of Euronet Worldwide stock traded down $2.44 during trading on Friday, hitting $153.12. The stock had a trading volume of 241,465 shares, compared to its average volume of 485,072. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $7.87 billion, a price-to-earnings ratio of 28.84, a P/E/G ratio of 1.70 and a beta of 1.16. The firm’s fifty day simple moving average is $162.21. Euronet Worldwide, Inc. has a fifty-two week low of $91.78 and a fifty-two week high of $171.25.

In other news, VP Jeffrey B. Newman sold 5,461 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $161.12, for a total value of $879,876.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.40% of the company’s stock.

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. The company's Electronic Financial Transaction (EFT) 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 card outsourcing, card issuing, and merchant acquiring services.

Further Reading: Derivative

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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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