New South Capital Management Inc. Lowers Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

New South Capital Management Inc. lessened its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 616,147 shares of the business services provider's stock after selling 9,530 shares during the period. Euronet Worldwide makes up about 2.5% of New South Capital Management Inc.'s portfolio, making the stock its 11th biggest position. New South Capital Management Inc. owned approximately 1.37% of Euronet Worldwide worth $61,140,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Euronet Worldwide by 0.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,356,229 shares of the business services provider's stock valued at $333,039,000 after purchasing an additional 27,254 shares during the period. Janus Henderson Group PLC lifted its position in shares of Euronet Worldwide by 1.2% during the first quarter. Janus Henderson Group PLC now owns 1,390,895 shares of the business services provider's stock worth $152,900,000 after purchasing an additional 15,837 shares in the last quarter. Van Berkom & Associates Inc. lifted its position in shares of Euronet Worldwide by 1.4% during the second quarter. Van Berkom & Associates Inc. now owns 1,022,153 shares of the business services provider's stock worth $105,793,000 after purchasing an additional 14,090 shares in the last quarter. Burgundy Asset Management Ltd. lifted its position in shares of Euronet Worldwide by 1.4% during the second quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider's stock worth $79,415,000 after purchasing an additional 10,689 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Euronet Worldwide by 17.7% during the second quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider's stock worth $78,172,000 after purchasing an additional 113,685 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Euronet Worldwide

In other news, CEO Juan Bianchi sold 4,000 shares of the business's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $102.58, for a total transaction of $410,320.00. Following the transaction, the chief executive officer now directly owns 12,440 shares in the company, valued at $1,276,095.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 10.50% of the company's stock.

Wall Street Analyst Weigh In

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

Euronet Worldwide Stock Performance

EEFT stock traded down $0.81 during mid-day trading on Tuesday, reaching $103.80. 159,686 shares of the stock traded hands, compared to its average volume of 305,023. The company has a quick ratio of 1.19, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. Euronet Worldwide, Inc. has a 52 week low of $79.81 and a 52 week high of $117.66. The business has a 50-day moving average of $99.43 and a two-hundred day moving average of $103.99. The firm has a market capitalization of $4.56 billion, a PE ratio of 15.12 and a beta of 1.46.

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

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.