Comerica Bank buys new shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)
Comerica Bank acquired a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT – Get a rating) during the first trimester, HoldingsChannel reports. The company purchased 25,265 shares of the business services provider, valued at approximately $3,433,000.
Other hedge funds and other institutional investors also changed their stakes in the company. Missouri Trust & Investment Co acquired a new equity stake in Euronet Worldwide in the fourth quarter valued at approximately $51,000. James Reed Financial Services Inc. acquired a new stake in shares of Euronet Worldwide in the fourth quarter valued at approximately $52,000. Point72 Hong Kong Ltd acquired a new stake in shares of Euronet Worldwide in the fourth quarter, valued at approximately $59,000. Hennion & Walsh Asset Management Inc. acquired a new equity stake in Euronet Worldwide in the first quarter valued at approximately $207,000. Finally, Greenleaf Trust acquired a new equity stake in Euronet Worldwide in the first quarter worth approximately $211,000. Institutional investors and hedge funds hold 94.42% of the company’s shares.
Analyst upgrades and downgrades
A number of analysts have recently released reports on the company. Citigroup raised its target price on Euronet Worldwide from $168.00 to $170.00 and gave the company a “buy” rating in a Friday, June 3 research report. StockNews.com launched coverage on Euronet Worldwide in a Thursday, March 31 report. They set a “holding” rating for the company. UBS Group launched coverage on Euronet Worldwide in a Thursday, March 31 report. They set a “buy” rating and a price target of $163.00 for the company. Finally, Keefe, Bruyette & Woods reduced their price target on Euronet Worldwide from $164.00 to $140.00 in a Monday, July 11 report. One investment analyst gave the stock a hold rating and six gave the company’s stock a buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $169.60.
Euronet Worldwide Trading up 4.5%
Shares of NASDAQ:EEFT opened at $102.28 on Wednesday. Euronet Worldwide, Inc. has a 12-month low of $92.88 and a 12-month high of $149.92. The stock has a market capitalization of $5.17 billion, a PE ratio of 62.36 and a beta of 1.42. The company has a 50-day moving average of $108.30 and a 200-day moving average of $120.71. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt ratio of 1.54.
Euronet in the world (NASDAQ:EEFT – Get a rating) last released its quarterly earnings data on Tuesday, April 26. The business services provider reported earnings per share (EPS) of $0.51 for the quarter, missing analyst consensus estimates of $0.59 per ($0.08). Euronet Worldwide achieved a return on equity of 14.04% and a net margin of 2.89%. The company posted revenue of $718.50 million for the quarter, versus a consensus estimate of $726.46 million. During the same quarter of the previous year, the company achieved EPS of $0.11. The company’s revenue increased 10.1% year over year. As a group, equity research analysts expect Euronet Worldwide, Inc. to post earnings per share of 6.48 for the current year.
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 Funds 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), credit and debit card outsourcing, card management, merchant acquiring and issuing services.
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