Bailard Inc. Invests $659,000 in Euronet Worldwide, Inc. $EEFT

Bailard Inc. purchased a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,500 shares of the business services provider’s stock, valued at approximately $659,000.

Several other institutional investors and hedge funds have also bought and sold shares of EEFT. Allworth Financial LP increased its position in Euronet Worldwide by 248.7% in the second quarter. Allworth Financial LP now owns 265 shares of the business services provider’s stock worth $27,000 after buying an additional 189 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Euronet Worldwide by 48.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 109 shares during the period. First Horizon Corp purchased a new stake in Euronet Worldwide during the third quarter valued at about $36,000. True Wealth Design LLC boosted its position in Euronet Worldwide by 106.4% during the second quarter. True Wealth Design LLC now owns 450 shares of the business services provider’s stock worth $46,000 after purchasing an additional 232 shares during the period. Finally, Huntington National Bank boosted its position in Euronet Worldwide by 35.5% during the second quarter. Huntington National Bank now owns 550 shares of the business services provider’s stock worth $56,000 after purchasing an additional 144 shares during the period. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Price Performance

NASDAQ:EEFT opened at $74.18 on Friday. Euronet Worldwide, Inc. has a 52-week low of $68.56 and a 52-week high of $114.25. The stock has a fifty day moving average of $74.79 and a 200 day moving average of $84.80. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 10.86, a P/E/G ratio of 0.57 and a beta of 0.84.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Thursday, October 23rd. The business services provider reported $3.62 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.04. Euronet Worldwide had a return on equity of 27.63% and a net margin of 7.27%.The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the firm posted $3.03 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. On average, research analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Monness Crespi & Hardt downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating in a research report on Monday, January 5th. Needham & Company LLC cut their price target on Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Keefe, Bruyette & Woods decreased their price objective on Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Friday, October 24th. Finally, Oppenheimer dropped their price objective on Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 17th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $111.33.

Euronet Worldwide Profile

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.