Los Angeles Capital Management & Equity Research Inc. Trims Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

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Los Angeles Capital Management & Equity Research Inc. lessened its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,101 shares of the business services provider’s stock after selling 2,390 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Euronet Worldwide were worth $8,765,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Rice Hall James & Associates LLC grew its holdings in Euronet Worldwide by 1,147.4% during the 1st quarter. Rice Hall James & Associates LLC now owns 227,034 shares of the business services provider’s stock worth $32,373,000 after acquiring an additional 208,833 shares in the last quarter. Columbus Circle Investors grew its holdings in Euronet Worldwide by 194.1% during the 1st quarter. Columbus Circle Investors now owns 283,292 shares of the business services provider’s stock worth $40,395,000 after acquiring an additional 186,971 shares in the last quarter. State Treasurer State of Michigan grew its holdings in Euronet Worldwide by 111.0% during the 1st quarter. State Treasurer State of Michigan now owns 225,830 shares of the business services provider’s stock worth $32,201,000 after acquiring an additional 118,800 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in Euronet Worldwide by 104.0% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 170,543 shares of the business services provider’s stock worth $24,318,000 after acquiring an additional 86,931 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in Euronet Worldwide during the 1st quarter worth about $10,816,000. 98.01% of the stock is currently owned by institutional investors.

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

Shares of NASDAQ:EEFT traded up $1.54 during trading on Tuesday, reaching $154.35. The stock had a trading volume of 3,182 shares, compared to its average volume of 497,296. Euronet Worldwide, Inc. has a one year low of $91.78 and a one year high of $171.25. The firm has a market cap of $7.96 billion, a P/E ratio of 28.93, a P/E/G ratio of 1.71 and a beta of 1.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a 50-day moving average of $161.70.

In other news, VP Jeffrey B. Newman sold 5,461 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $161.12, for a total value of $879,876.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.40% of the stock is currently owned by company insiders.

Euronet Worldwide 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.

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

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