Quantinno Capital Management LP Has $11.12 Million Position in Euronet Worldwide, Inc. $EEFT

Quantinno Capital Management LP increased its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 24.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,588 shares of the business services provider’s stock after purchasing an additional 32,640 shares during the period. Quantinno Capital Management LP’s holdings in Euronet Worldwide were worth $11,123,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of EEFT. Geneos Wealth Management Inc. increased its stake in Euronet Worldwide by 48.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after purchasing an additional 109 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in Euronet Worldwide by 0.4% in the second quarter. Evergreen Capital Management LLC now owns 34,035 shares of the business services provider’s stock valued at $3,450,000 after buying an additional 129 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Euronet Worldwide by 23.6% in the first quarter. Parallel Advisors LLC now owns 775 shares of the business services provider’s stock valued at $51,000 after buying an additional 148 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Euronet Worldwide by 1.8% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 8,748 shares of the business services provider’s stock valued at $666,000 after buying an additional 158 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Euronet Worldwide by 1.5% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 10,817 shares of the business services provider’s stock worth $823,000 after acquiring an additional 164 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Trading Up 3.0%

NASDAQ:EEFT opened at $73.47 on Tuesday. The company has a market cap of $2.80 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 0.56 and a beta of 0.82. Euronet Worldwide, Inc. has a twelve month low of $62.50 and a twelve month high of $98.52. The business has a 50 day moving average price of $72.94 and a two-hundred day moving average price of $71.56. The company has a quick ratio of 1.28, a current ratio of 1.37 and a debt-to-equity ratio of 1.47.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Thursday, July 30th. The business services provider reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.11). The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.14 billion. Euronet Worldwide had a net margin of 6.63% and a return on equity of 28.60%. Euronet Worldwide’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the business earned $2.56 earnings per share. As a group, analysts expect that Euronet Worldwide, Inc. will post 9.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EEFT. Weiss Ratings raised shares of Euronet Worldwide from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. DA Davidson reiterated a “buy” rating and set a $102.00 target price on shares of Euronet Worldwide in a report on Friday, July 10th. Finally, Needham & Company LLC lifted their price target on Euronet Worldwide from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Euronet Worldwide presently has a consensus rating of “Hold” and an average target price of $96.00.

Insider Transactions at Euronet Worldwide

In other Euronet Worldwide news, Director Thomas A. Mcdonnell purchased 3,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of $66.87 per share, for a total transaction of $200,610.00. Following the purchase, the director owned 100,219 shares of the company’s stock, valued at approximately $6,701,644.53. This represents a 3.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 12.19% of the company’s stock.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.