Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFTFree Report) by 5.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 62,945 shares of the business services provider’s stock after selling 3,496 shares during the quarter. Mutual of America Capital Management LLC owned 0.14% of Euronet Worldwide worth $4,997,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of EEFT. UBS Group AG increased its holdings in Euronet Worldwide by 29.4% during the 3rd quarter. UBS Group AG now owns 30,859 shares of the business services provider’s stock worth $2,450,000 after purchasing an additional 7,009 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Euronet Worldwide by 9.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 28,475 shares of the business services provider’s stock worth $2,260,000 after purchasing an additional 2,443 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Euronet Worldwide during the 3rd quarter worth approximately $1,113,000. HighTower Advisors LLC increased its holdings in Euronet Worldwide by 1,621.4% during the 3rd quarter. HighTower Advisors LLC now owns 35,358 shares of the business services provider’s stock worth $2,810,000 after purchasing an additional 33,304 shares during the last quarter. Finally, Swiss National Bank increased its holdings in Euronet Worldwide by 0.4% during the 3rd quarter. Swiss National Bank now owns 103,600 shares of the business services provider’s stock worth $8,224,000 after purchasing an additional 400 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Euronet Worldwide Trading Up 3.3 %

NASDAQ:EEFT opened at $107.36 on Tuesday. Euronet Worldwide, Inc. has a 12-month low of $73.84 and a 12-month high of $121.55. The firm has a market capitalization of $4.95 billion, a P/E ratio of 19.45 and a beta of 1.40. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.54 and a quick ratio of 1.38. The business has a 50 day simple moving average of $99.06 and a 200 day simple moving average of $88.43.

Euronet Worldwide (NASDAQ:EEFTGet Free Report) last released its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.34. Euronet Worldwide had a return on equity of 25.23% and a net margin of 7.63%. The business had revenue of $957.70 million during the quarter, compared to analyst estimates of $844.59 million. During the same quarter in the previous year, the firm posted $1.12 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities research analysts predict that Euronet Worldwide, Inc. will post 7.45 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on EEFT shares. Truist Financial lifted their price objective on Euronet Worldwide from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, October 23rd. StockNews.com lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Stephens upgraded Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 target price for the company in a research report on Thursday, February 1st. Finally, Needham & Company LLC lifted their target price on Euronet Worldwide from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $109.33.

Get Our Latest Research 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.

Further Reading

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

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