Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 25.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 20,206 shares of the business services provider's stock after selling 7,039 shares during the period. Amalgamated Bank's holdings in Euronet Worldwide were worth $2,005,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Clearbridge Investments LLC increased its position in shares of Euronet Worldwide by 4.5% in the first quarter. Clearbridge Investments LLC now owns 567,058 shares of the business services provider's stock worth $62,337,000 after purchasing an additional 24,566 shares during the period. LSV Asset Management purchased a new position in Euronet Worldwide during the 1st quarter worth $1,638,000. Ellsworth Advisors LLC purchased a new position in Euronet Worldwide during the 2nd quarter worth $514,000. SG Capital Management LLC increased its holdings in Euronet Worldwide by 106.8% during the 1st quarter. SG Capital Management LLC now owns 41,934 shares of the business services provider's stock worth $4,610,000 after purchasing an additional 21,654 shares during the period. Finally, Burgundy Asset Management Ltd. increased its holdings in shares of Euronet Worldwide by 1.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider's stock valued at $79,415,000 after acquiring an additional 10,689 shares during the period. Hedge funds and other institutional investors own 91.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Oppenheimer started coverage on Euronet Worldwide in a research report on Tuesday, October 1st. They set an "outperform" rating and a $121.00 price objective for the company. Citigroup cut Euronet Worldwide from a "buy" rating to a "neutral" rating and decreased their target price for the company from $118.00 to $110.00 in a research note on Friday, October 18th. DA Davidson reaffirmed a "buy" rating and set a $136.00 price objective on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Needham & Company LLC decreased their price target on Euronet Worldwide from $125.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. Finally, StockNews.com downgraded Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Friday, August 9th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $125.38.

Euronet Worldwide Stock Down 1.0 %

Shares of EEFT stock traded down $1.05 during trading on Tuesday, hitting $103.56. 88,816 shares of the company were exchanged, compared to its average volume of 304,601. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.19 and a current ratio of 1.26. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 15.12 and a beta of 1.46. The business's 50-day simple moving average is $99.43 and its 200 day simple moving average is $103.99. Euronet Worldwide, Inc. has a twelve month low of $79.81 and a twelve month high of $117.66.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.11. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the firm posted $2.53 EPS. As a group, analysts forecast that Euronet Worldwide, Inc. will post 7.87 EPS for the current fiscal year.

Insider Activity

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the business's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total value of $410,320.00. Following the transaction, the chief executive officer now owns 12,440 shares in the company, valued at $1,276,095.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 10.50% of the company's stock.

About Euronet Worldwide

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 and prepaid card outsourcing, card issuing, and merchant acquiring services.