Wedge Capital Management L L P NC decreased its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT – Get Rating) by 17.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,810 shares of the business services provider’s stock after selling 581 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Euronet Worldwide were worth $283,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. James Reed Financial Services Inc. purchased a new position in Euronet Worldwide during the fourth quarter worth approximately $52,000. Point72 Hong Kong Ltd purchased a new position in Euronet Worldwide during the fourth quarter worth approximately $59,000. Covestor Ltd boosted its position in Euronet Worldwide by 634.1% during the first quarter. Covestor Ltd now owns 903 shares of the business services provider’s stock worth $118,000 after purchasing an additional 780 shares in the last quarter. Captrust Financial Advisors boosted its position in Euronet Worldwide by 108.3% during the first quarter. Captrust Financial Advisors now owns 1,098 shares of the business services provider’s stock worth $143,000 after purchasing an additional 571 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in Euronet Worldwide during the first quarter worth approximately $202,000. Hedge funds and other institutional investors own 93.29% of the company’s stock.
Euronet Worldwide Price Performance
EEFT stock opened at $83.42 on Thursday. The business has a fifty day moving average of $95.01 and a two-hundred day moving average of $109.59. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.61. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 32.59 and a beta of 1.34. Euronet Worldwide, Inc. has a 52-week low of $83.14 and a 52-week high of $149.92.
Wall Street Analysts Forecast Growth
Euronet Worldwide Company Profile
Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, agents, retailers, merchants, content providers, and individual consumers worldwide. The company's 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 card outsourcing, card issuing, and merchant acquiring services.
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