New South Capital Management Inc. Sells 9,530 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

New South Capital Management Inc. lowered its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 616,147 shares of the business services provider’s stock after selling 9,530 shares during the quarter. Euronet Worldwide comprises approximately 2.5% of New South Capital Management Inc.’s holdings, making the stock its 11th largest holding. New South Capital Management Inc. owned 1.37% of Euronet Worldwide worth $61,140,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Headlands Technologies LLC purchased a new position in shares of Euronet Worldwide in the 1st quarter worth $50,000. Summit Securities Group LLC purchased a new stake in Euronet Worldwide during the second quarter valued at approximately $57,000. Covestor Ltd lifted its stake in shares of Euronet Worldwide by 174.9% in the 1st quarter. Covestor Ltd now owns 547 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 348 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Euronet Worldwide by 69.5% in the 2nd quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock worth $61,000 after purchasing an additional 241 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new stake in Euronet Worldwide during the 2nd quarter valued at $80,000. Institutional investors own 91.60% of the company’s stock.

Insider Transactions at Euronet Worldwide

In other Euronet Worldwide 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 value of $410,320.00. Following the completion of the transaction, the chief executive officer now directly owns 12,440 shares in the company, valued at approximately $1,276,095.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 10.50% of the company’s stock.

Euronet Worldwide Stock Down 0.6 %

Shares of Euronet Worldwide stock traded down $0.66 during trading on Tuesday, hitting $103.95. 3,681 shares of the stock traded hands, compared to its average volume of 304,224. The company has a current ratio of 1.26, a quick ratio of 1.19 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 stock’s fifty day simple moving average is $99.43 and its 200 day simple moving average is $103.99. The firm has a market cap of $4.57 billion, a P/E ratio of 15.12 and a beta of 1.46.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data 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. The company had revenue of $1.11 billion for 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 period last year, the company posted $2.53 earnings per share. On average, equities analysts predict that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on EEFT. Citigroup lowered shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Needham & Company LLC cut their price target 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. StockNews.com lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. DA Davidson restated a “buy” rating and set a $136.00 target price on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Finally, Oppenheimer assumed coverage on Euronet Worldwide in a report on Tuesday, October 1st. They issued an “outperform” rating and a $121.00 price target on the stock. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Euronet Worldwide presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.38.

Euronet Worldwide Profile

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.