WINTON GROUP Ltd Sells 82,493 Shares of Euronet Worldwide, Inc. $EEFT

WINTON GROUP Ltd cut its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 86.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,414 shares of the business services provider’s stock after selling 82,493 shares during the period. WINTON GROUP Ltd’s holdings in Euronet Worldwide were worth $982,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Euronet Worldwide during the second quarter worth approximately $244,726,000. California State Teachers Retirement System lifted its position in shares of Euronet Worldwide by 6,067.4% in the second quarter. California State Teachers Retirement System now owns 2,967,928 shares of the business services provider’s stock valued at $217,223,000 after buying an additional 2,919,805 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Euronet Worldwide by 933.8% in the fourth quarter. Bank of Montreal Can now owns 1,993,682 shares of the business services provider’s stock valued at $151,739,000 after buying an additional 1,800,837 shares during the last quarter. Jupiter Topco LLC bought a new position in shares of Euronet Worldwide during the 2nd quarter worth approximately $98,213,000. Finally, AQR Capital Management LLC boosted its stake in shares of Euronet Worldwide by 131.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,308,267 shares of the business services provider’s stock worth $132,632,000 after acquiring an additional 744,040 shares during the period. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Price Performance

Euronet Worldwide stock opened at $72.18 on Monday. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 0.58 and a beta of 0.83. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.47. Euronet Worldwide, Inc. has a 12 month low of $62.50 and a 12 month high of $91.58. The stock’s 50 day moving average is $74.32 and its 200-day moving average is $71.42.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Thursday, July 30th. The business services provider reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.11). Euronet Worldwide had a return on equity of 28.60% and a net margin of 6.63%.The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the firm earned $2.56 EPS. Equities research analysts expect that Euronet Worldwide, Inc. will post 9.55 EPS for the current year.

Analysts Set New Price Targets

EEFT has been the topic of a number of recent analyst reports. Needham & Company LLC increased 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. DA Davidson reaffirmed a “buy” rating and set a $102.00 price objective on shares of Euronet Worldwide in a research report on Friday, July 10th. Wolfe Research reduced their price objective on shares of Euronet Worldwide from $75.00 to $70.00 and set an “underperform” rating for the company in a research report on Tuesday, August 25th. Finally, Weiss Ratings downgraded shares of Euronet Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $94.00.

About Euronet Worldwide

Euronet Worldwide, Inc provides electronic payment and transaction-processing services through a global network of automated teller machines, point-of-sale terminals, money-transfer locations and digital platforms. The company serves financial institutions, retailers, mobile operators, money-transfer agents and consumers.

Euronet operates through three primary business areas: EFT Processing, which includes ATM services, electronic payment processing and related financial technology; epay, which distributes prepaid mobile airtime, gift cards and other electronic payment products; and Money Transfer, which provides international and domestic remittance services through the Ria Money Transfer and xe brands, among others.

Headquartered in Leawood, Kansas, Euronet was founded in 1994 and initially focused on developing ATM networks in Central Europe before expanding into broader payment-processing and money-transfer services.