Glenmede Trust Co. NA Lowers Position in Euronet Worldwide, Inc. $EEFT

Glenmede Trust Co. NA decreased its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 8.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 138,722 shares of the business services provider’s stock after selling 12,116 shares during the period. Glenmede Trust Co. NA’s holdings in Euronet Worldwide were worth $9,207,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Turtle Creek Asset Management Inc. increased its holdings in Euronet Worldwide by 44.9% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,847,040 shares of the business services provider’s stock worth $122,588,000 after acquiring an additional 572,194 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Euronet Worldwide by 3.6% during the 1st quarter. Janus Henderson Group PLC now owns 1,406,556 shares of the business services provider’s stock valued at $93,353,000 after purchasing an additional 48,990 shares during the period. Amundi purchased a new position in shares of Euronet Worldwide during the 1st quarter valued at $642,000. California State Teachers Retirement System boosted its holdings in Euronet Worldwide by 28.8% in the 1st quarter. California State Teachers Retirement System now owns 48,123 shares of the business services provider’s stock worth $3,194,000 after buying an additional 10,754 shares during the period. Finally, Quantinno Capital Management LP increased its stake in Euronet Worldwide by 24.2% in the 1st quarter. Quantinno Capital Management LP now owns 167,588 shares of the business services provider’s stock worth $11,123,000 after buying an additional 32,640 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, Director Thomas A. Mcdonnell bought 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of $66.87 per share, with a total value of $200,610.00. Following the completion of the acquisition, the director owned 100,219 shares in the company, valued at $6,701,644.53. This trade represents a 3.09% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EEFT shares. DA Davidson restated a “buy” rating and issued a $102.00 price objective on shares of Euronet Worldwide in a research report on Friday, July 10th. Needham & Company LLC boosted their price target on Euronet Worldwide from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Weiss Ratings upgraded Euronet Worldwide from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. 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. According to data from MarketBeat.com, Euronet Worldwide presently has an average rating of “Hold” and a consensus price target of $96.00.

Euronet Worldwide Trading Up 3.0%

Shares of EEFT stock opened at $73.47 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 1.28 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 0.56 and a beta of 0.82. Euronet Worldwide, Inc. has a 12-month low of $62.50 and a 12-month high of $98.52. The stock’s 50-day moving average price is $72.94 and its 200-day moving average price is $71.56.

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 net margin of 6.63% and a return on equity of 28.60%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the business earned $2.56 EPS. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. Equities research analysts predict that Euronet Worldwide, Inc. will post 9.83 EPS for the current fiscal year.

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.