Euronet Worldwide, Inc. (NASDAQ:EEFT) Position Cut by Amalgamated Bank

Amalgamated Bank lowered its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 25.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 20,206 shares of the business services provider’s stock after selling 7,039 shares during the period. Amalgamated Bank’s holdings in Euronet Worldwide were worth $2,005,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new stake in Euronet Worldwide in the first quarter worth approximately $50,000. Summit Securities Group LLC acquired a new stake in shares of Euronet Worldwide in the second quarter valued at $57,000. Covestor Ltd boosted its stake in Euronet Worldwide by 174.9% during the first quarter. Covestor Ltd now owns 547 shares of the business services provider’s stock valued at $60,000 after buying an additional 348 shares in the last quarter. GAMMA Investing LLC grew its holdings in Euronet Worldwide by 69.5% during the second quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock worth $61,000 after acquiring an additional 241 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new stake in Euronet Worldwide in the second quarter worth about $80,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EEFT. Needham & Company LLC lowered their price objective on shares of Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. DA Davidson restated a “buy” rating and issued a $136.00 price target on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Citigroup downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating and cut their price objective for the company from $118.00 to $110.00 in a research report on Friday, October 18th. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Finally, StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $125.38.

Insider Activity

In related news, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total value of $410,320.00. Following the completion of the sale, the chief executive officer now owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.50% of the stock is owned by corporate insiders.

Euronet Worldwide Stock Performance

Shares of EEFT opened at $104.61 on Tuesday. Euronet Worldwide, Inc. has a 52 week low of $79.81 and a 52 week high of $117.66. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.19 and a current ratio of 1.26. The company has a market capitalization of $4.60 billion, a PE ratio of 15.12 and a beta of 1.46. The company’s 50 day moving average price is $99.43 and its 200 day moving average price is $103.99.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.11. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company earned $2.53 earnings per share. Research analysts expect that Euronet Worldwide, Inc. will post 7.87 EPS for the current fiscal year.

Euronet Worldwide Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer 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 and prepaid card outsourcing, card issuing, and merchant acquiring services.