Copper Rock Capital Partners LLC cut its position in shares of Euronet Worldwide Inc. (NASDAQ:EEFT) by 0.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 399,440 shares of the company’s stock after selling 3,681 shares during the period. Euronet Worldwide accounts for approximately 2.1% of Copper Rock Capital Partners LLC’s investment portfolio, making the stock its 9th largest position. Copper Rock Capital Partners LLC owned 0.77% of Euronet Worldwide worth $32,455,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its stake in shares of Euronet Worldwide by 9.0% in the third quarter. BNP Paribas Arbitrage SA now owns 14,080 shares of the company’s stock worth $1,152,000 after buying an additional 1,158 shares in the last quarter. Aristotle Capital Boston LLC raised its stake in shares of Euronet Worldwide by 3.7% in the second quarter. Aristotle Capital Boston LLC now owns 139,891 shares of the company’s stock worth $9,679,000 after buying an additional 4,972 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Euronet Worldwide by 11.7% in the second quarter. Public Employees Retirement System of Ohio now owns 191,432 shares of the company’s stock worth $13,245,000 after buying an additional 20,000 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Euronet Worldwide by 5.2% in the second quarter. Stifel Financial Corp now owns 104,869 shares of the company’s stock worth $7,257,000 after buying an additional 5,181 shares in the last quarter. Finally, Amalgamated Bank raised its stake in shares of Euronet Worldwide by 45.6% in the second quarter. Amalgamated Bank now owns 7,958 shares of the company’s stock worth $620,000 after buying an additional 2,494 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

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

Euronet Worldwide Inc. (NASDAQ:EEFT) traded down 0.92% during mid-day trading on Thursday, reaching $82.85. 38,075 shares of the company’s stock were exchanged. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 30.11 and a beta of 1.49. The stock has a 50-day moving average of $79.33 and a 200-day moving average of $76.32. Euronet Worldwide Inc. has a 12 month low of $52.00 and a 12 month high of $84.43.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Tuesday, July 26th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.07. The business had revenue of $476.90 million for the quarter, compared to analyst estimates of $470.99 million. Euronet Worldwide had a net margin of 8.01% and a return on equity of 22.65%. Euronet Worldwide’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 earnings per share. Analysts anticipate that Euronet Worldwide Inc. will post $4.07 earnings per share for the current year.

A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. Monness Crespi & Hardt lowered shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a report on Friday, June 10th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $85.00.

In related news, VP Jeffrey B. Newman sold 5,772 shares of the stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $77.80, for a total transaction of $449,061.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Kevin J. Caponecchi sold 58,573 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $75.52, for a total transaction of $4,423,432.96. The disclosure for this sale can be found here. Corporate insiders own 7.30% of the company’s stock.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.

5 Day Chart for NASDAQ:EEFT

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