Euronet Worldwide, Inc. (EEFT) Position Lowered by ETF Managers Group LLC

ETF Managers Group LLC cut its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,078 shares of the business services provider’s stock after selling 1,391 shares during the period. ETF Managers Group LLC’s holdings in Euronet Worldwide were worth $9,707,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC boosted its position in shares of Euronet Worldwide by 66.1% during the fourth quarter. CWM LLC now owns 294 shares of the business services provider’s stock valued at $30,000 after buying an additional 117 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of Euronet Worldwide during the first quarter valued at $45,000. Captrust Financial Advisors boosted its position in shares of Euronet Worldwide by 163.0% during the fourth quarter. Captrust Financial Advisors now owns 668 shares of the business services provider’s stock valued at $68,000 after buying an additional 414 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Euronet Worldwide by 21.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the business services provider’s stock valued at $87,000 after buying an additional 150 shares during the last quarter. Finally, Advisory Services Network LLC boosted its position in shares of Euronet Worldwide by 7,142.9% during the fourth quarter. Advisory Services Network LLC now owns 1,014 shares of the business services provider’s stock valued at $104,000 after buying an additional 1,000 shares during the last quarter.

Shares of NASDAQ:EEFT opened at $153.28 on Friday. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 1.72 and a beta of 1.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.28 and a current ratio of 1.28. Euronet Worldwide, Inc. has a 52-week low of $79.52 and a 52-week high of $154.89.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Monday, April 29th. The business services provider reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.02. The business had revenue of $577.50 million for the quarter, compared to analysts’ expectations of $602.73 million. Euronet Worldwide had a return on equity of 24.83% and a net margin of 9.40%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $0.73 earnings per share. As a group, equities analysts anticipate that Euronet Worldwide, Inc. will post 6.7 EPS for the current year.

EEFT has been the topic of several research reports. Piper Jaffray Companies raised their target price on Euronet Worldwide to $159.00 in a research report on Tuesday, March 5th. DA Davidson raised their target price on Euronet Worldwide to $160.00 and gave the stock a “reduce” rating in a research report on Tuesday, March 19th. SunTrust Banks raised their target price on Euronet Worldwide to $145.00 and gave the stock a “buy” rating in a research report on Monday, February 11th. Needham & Company LLC reissued a “buy” rating and issued a $160.00 target price (up from $135.00) on shares of Euronet Worldwide in a research report on Monday, February 11th. Finally, Zacks Investment Research raised Euronet Worldwide from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Thursday, February 14th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Euronet Worldwide presently has a consensus rating of “Buy” and an average target price of $145.88.

COPYRIGHT VIOLATION WARNING: This report was originally published by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this report on another site, it was illegally copied and republished in violation of international copyright and trademark legislation. The correct version of this report can be read at https://www.baseballdailydigest.com/news/2019/05/19/euronet-worldwide-inc-eeft-position-lowered-by-etf-managers-group-llc.html.

About Euronet Worldwide

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.

Featured Article: Google Finance

Want to see what other hedge funds are holding EEFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Euronet Worldwide, Inc. (NASDAQ:EEFT).

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

Receive News & Ratings for Euronet Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euronet Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.