Wells Fargo & Company MN reduced its position in Cardtronics PLC (NASDAQ:CATM) by 59.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 277,209 shares of the business services provider’s stock after selling 402,351 shares during the quarter. Wells Fargo & Company MN owned about 0.61% of Cardtronics PLC worth $9,109,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Arizona State Retirement System boosted its position in shares of Cardtronics PLC by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 23,837 shares of the business services provider’s stock worth $783,000 after purchasing an additional 100 shares in the last quarter. Texas Permanent School Fund boosted its position in shares of Cardtronics PLC by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 33,320 shares of the business services provider’s stock worth $1,095,000 after purchasing an additional 328 shares in the last quarter. First Midwest Bank Trust Division boosted its position in shares of Cardtronics PLC by 2.3% during the 2nd quarter. First Midwest Bank Trust Division now owns 19,425 shares of the business services provider’s stock worth $638,000 after purchasing an additional 429 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Cardtronics PLC by 4.3% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,760 shares of the business services provider’s stock worth $354,000 after purchasing an additional 440 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Cardtronics PLC by 0.6% during the 1st quarter. Legal & General Group Plc now owns 79,554 shares of the business services provider’s stock worth $3,717,000 after purchasing an additional 496 shares in the last quarter.

Shares of Cardtronics PLC (CATM) opened at 24.35 on Friday. The firm’s 50 day moving average is $26.12 and its 200 day moving average is $33.60. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 16.80 and a beta of 0.77. Cardtronics PLC has a 12 month low of $22.83 and a 12 month high of $56.00.

Cardtronics PLC (NASDAQ:CATM) last issued its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. The company had revenue of $385.11 million for the quarter, compared to analyst estimates of $379.03 million. Cardtronics PLC had a return on equity of 28.23% and a net margin of 4.83%. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period last year, the company earned $0.80 earnings per share. On average, equities analysts predict that Cardtronics PLC will post $2.80 earnings per share for the current fiscal year.

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Several brokerages have commented on CATM. Zacks Investment Research lowered shares of Cardtronics PLC from a “hold” rating to a “sell” rating in a research report on Tuesday. Lake Street Capital lowered shares of Cardtronics PLC from a “buy” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $31.00 in a research report on Tuesday, September 26th. William Blair lowered shares of Cardtronics PLC from an “outperform” rating to a “market perform” rating in a research report on Monday, September 25th. Bank of America Corporation decreased their target price on shares of Cardtronics PLC from $48.00 to $40.00 and set a “neutral” rating on the stock in a research report on Friday, July 7th. Finally, BidaskClub lowered shares of Cardtronics PLC from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Cardtronics PLC presently has a consensus rating of “Hold” and an average price target of $41.00.

About Cardtronics PLC

Cardtronics plc, formerly Cardtronics, Inc, provides automated consumer financial services through its network of automated teller machines (ATMS) and multi-function financial services kiosks. The Company’s operations consists of its North America, Europe, and Corporate & Other segments. Its ATM operations in the United States, Canada, Mexico and Puerto Rico are included in its North America segment.

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Institutional Ownership by Quarter for Cardtronics PLC (NASDAQ:CATM)

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