Ownership Action to Note: Euronet Worldwide Inc (NASDAQ:EEFT) Quarterly Sentiment Report

December 1, 2016 - By Louis Casey   ·   0 Comments

Ownership Action to Note: Euronet Worldwide Inc (NASDAQ:EEFT) Quarterly Sentiment Report

Sentiment for Euronet Worldwide Inc (NASDAQ:EEFT)

Euronet Worldwide Inc (NASDAQ:EEFT) institutional sentiment decreased to 0.89 in Q2 2016. Its down -0.28, from 1.17 in 2016Q1. The ratio dropped, as 131 institutional investors increased and started new stock positions, while 112 sold and reduced their stock positions in Euronet Worldwide Inc. The institutional investors in our partner’s database now hold: 45.61 million shares, down from 47.71 million shares in 2016Q1. Also, the number of institutional investors holding Euronet Worldwide Inc in their top 10 stock positions decreased from 13 to 10 for a decrease of 3. Sold All: 23 Reduced: 89 Increased: 79 New Position: 52.

Euronet Worldwide, Inc. is an electronic payments provider. The company has a market cap of $3.60 billion. The Firm offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. It has a 21.74 P/E ratio. The Company’s product offerings include automated teller machine , point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.

About 452,318 shares traded hands. Euronet Worldwide, Inc. (NASDAQ:EEFT) has declined 7.79% since April 28, 2016 and is downtrending. It has underperformed by 13.72% the S&P500.

Analysts await Euronet Worldwide, Inc. (NASDAQ:EEFT) to report earnings on February, 14. They expect $1.01 earnings per share, up 17.44% or $0.15 from last year’s $0.86 per share. EEFT’s profit will be $50.64M for 17.77 P/E if the $1.01 EPS becomes a reality. After $1.29 actual earnings per share reported by Euronet Worldwide, Inc. for the previous quarter, Wall Street now forecasts -21.71% negative EPS growth.

According to Zacks Investment Research, “Euronet Services Inc. is an industry leader in providing secure electronic financial transaction solutions. The company offers financial payment middleware, financial network gateways, outsourcing and consulting services to financial institutions and mobile operators. (Press Release)”

Riggs Asset Managment Co. Inc. holds 3.69% of its portfolio in Euronet Worldwide, Inc. for 101,729 shares. G2 Investment Partners Management Llc owns 111,331 shares or 3.56% of their US portfolio. Moreover, Portolan Capital Management Llc has 2.85% invested in the company for 286,237 shares. The Quebec – Canada-based Van Berkom & Associates Inc. has invested 2.57% in the stock. Arbor Capital Management Llc, a Minnesota-based fund reported 60,804 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 3 insider sales for $5.65 million net activity.

Euronet Worldwide, Inc. (NASDAQ:EEFT) Ratings Coverage

Ratings analysis reveals 86% of Euronet Worldwide’s analysts are positive. Out of 7 Wall Street analysts rating Euronet Worldwide, 6 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $76 while the high is $98. The stock’s average target of $87.25 is 21.52% above today’s ($71.8) share price. EEFT was included in 11 notes of analysts from July 21, 2015. The stock of Euronet Worldwide, Inc. (NASDAQ:EEFT) earned “Neutral” rating by Monness Crespi & Hardt on Friday, July 31. Evercore initiated it with “Buy” rating and $76 target price in Tuesday, July 21 report. Piper Jaffray maintained the stock with “Buy” rating in Wednesday, September 2 report. Avondale maintained the stock with “Market Outperform” rating in Wednesday, April 27 report. The stock has “Market Perform” rating given by Avondale on Thursday, February 11. Piper Jaffray reinitiated the shares of EEFT in a report on Wednesday, November 25 with “Overweight” rating. The stock has “Neutral” rating given by Monness Crespi on Friday, June 10. Monness Crespi & Hardt upgraded Euronet Worldwide, Inc. (NASDAQ:EEFT) rating on Wednesday, December 23. Monness Crespi & Hardt has “Buy” rating and $86.0 price target. As per Wednesday, January 20, the company rating was initiated by Northland Capital. SunTrust initiated Euronet Worldwide, Inc. (NASDAQ:EEFT) rating on Wednesday, October 12. SunTrust has “Buy” rating and $98 price target.

EEFT Company Profile

Euronet Worldwide, Inc. (Euronet), incorporated on December 13, 1996, is an electronic payments provider. The Firm offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. The Company’s product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services; software solutions; electronic distribution of prepaid mobile airtime and other electronic payment products, and global money transfer services. The Firm operates in three divisions: EFT Processing Segment, which provides electronic payment solutions consisting of ATM cash withdrawal and deposit services, ATM network participation, outsourced ATM and POS management solutions, credit and debit card outsourcing, and card issuing and merchant acquiring services; epay Segment, which provides electronic distribution and processing of prepaid mobile airtime and other electronic payment products and collection services for various payment products, cards and services, and Money Transfer Segment, which provides global consumer-to-consumer money transfer services under the brand names Ria and AFEX Money Express and global account-to-account money transfer services under the brand name HiFX.

More notable recent Euronet Worldwide, Inc. (NASDAQ:EEFT) news were published by: Globenewswire.com which released: “Euronet Worldwide Updates Fourth Quarter 2016 Guidance Due To Cash Supply …” on November 30, 2016, also Fool.com with their article: “What to Watch When Euronet Worldwide, Inc. Reports Earnings” published on July 25, 2016, Fool.com published: “Why Euronet Worldwide, Inc. Plunged Today” on February 10, 2016. More interesting news about Euronet Worldwide, Inc. (NASDAQ:EEFT) were released by: Fool.com and their article: “Euronet Worldwide Inc.: Money Transfer Business Charges Ahead” published on October 26, 2015 as well as Fool.com‘s news article titled: “Higher Operating Margin Boosts Euronet Worldwide’s Earnings” with publication date: October 25, 2016.

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By Louis Casey


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