Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. trimmed its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFTFree Report) by 63.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,776 shares of the business services provider’s stock after selling 9,971 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Euronet Worldwide were worth $458,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EEFT. M&T Bank Corp boosted its stake in Euronet Worldwide by 3.8% during the third quarter. M&T Bank Corp now owns 3,807 shares of the business services provider’s stock worth $303,000 after buying an additional 141 shares during the period. Belpointe Asset Management LLC boosted its stake in Euronet Worldwide by 236.9% during the first quarter. Belpointe Asset Management LLC now owns 219 shares of the business services provider’s stock worth $25,000 after buying an additional 154 shares during the period. Vident Investment Advisory LLC boosted its stake in Euronet Worldwide by 3.6% during the first quarter. Vident Investment Advisory LLC now owns 4,828 shares of the business services provider’s stock worth $628,000 after buying an additional 169 shares during the period. Fifth Third Bancorp boosted its stake in shares of Euronet Worldwide by 14.7% in the second quarter. Fifth Third Bancorp now owns 1,426 shares of the business services provider’s stock valued at $167,000 after purchasing an additional 183 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in shares of Euronet Worldwide by 71.8% in the second quarter. Quadrant Capital Group LLC now owns 481 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 201 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Stock Performance

Shares of EEFT opened at $103.90 on Friday. The stock has a market capitalization of $4.79 billion, a P/E ratio of 18.82 and a beta of 1.40. Euronet Worldwide, Inc. has a 1 year low of $73.84 and a 1 year high of $121.55. The company’s fifty day moving average is $98.70 and its two-hundred day moving average is $88.54. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.38 and a current ratio of 1.54.

Euronet Worldwide (NASDAQ:EEFTGet Free Report) last issued its earnings results on Wednesday, February 7th. The business services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.54 by $0.34. The company had revenue of $957.70 million for the quarter, compared to analyst estimates of $844.59 million. Euronet Worldwide had a net margin of 7.63% and a return on equity of 25.23%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.12 EPS. On average, sell-side analysts predict that Euronet Worldwide, Inc. will post 7.45 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on EEFT shares. DA Davidson decreased their price target on shares of Euronet Worldwide from $134.00 to $118.00 and set a “buy” rating for the company in a research note on Friday, October 13th. Truist Financial raised their price objective on shares of Euronet Worldwide from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, October 23rd. Stephens raised shares of Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 price objective on the stock in a report on Thursday, February 1st. Needham & Company LLC lifted their target price on shares of Euronet Worldwide from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday. Finally, StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $109.33.

Check Out Our Latest Stock Report on Euronet Worldwide

Euronet Worldwide Company Profile

(Free Report)

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 card outsourcing, card issuing, and merchant acquiring services.

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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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