Euronet Worldwide, Inc. $EEFT Stock Position Lowered by Cambiar Investors LLC

Cambiar Investors LLC decreased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 39.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 51,683 shares of the business services provider’s stock after selling 34,301 shares during the period. Cambiar Investors LLC owned about 0.13% of Euronet Worldwide worth $4,538,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EEFT. LRI Investments LLC raised its position in Euronet Worldwide by 26.7% during the second quarter. LRI Investments LLC now owns 1,540 shares of the business services provider’s stock valued at $156,000 after buying an additional 325 shares during the period. Meritage Portfolio Management grew its stake in Euronet Worldwide by 18.8% during the 3rd quarter. Meritage Portfolio Management now owns 124,343 shares of the business services provider’s stock valued at $10,919,000 after acquiring an additional 19,713 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of Euronet Worldwide by 80.3% in the 2nd quarter. Prudential Financial Inc. now owns 98,147 shares of the business services provider’s stock valued at $9,950,000 after purchasing an additional 43,710 shares during the period. American Century Companies Inc. increased its holdings in shares of Euronet Worldwide by 20.4% in the 2nd quarter. American Century Companies Inc. now owns 1,342,733 shares of the business services provider’s stock valued at $136,126,000 after purchasing an additional 227,597 shares during the period. Finally, Reinhart Partners LLC. lifted its position in shares of Euronet Worldwide by 20.3% in the third quarter. Reinhart Partners LLC. now owns 1,079,798 shares of the business services provider’s stock worth $94,818,000 after purchasing an additional 181,888 shares in the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Euronet Worldwide Trading Down 1.6%

Shares of NASDAQ:EEFT opened at $72.87 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $3.06 billion, a PE ratio of 10.67, a P/E/G ratio of 0.57 and a beta of 0.84. Euronet Worldwide, Inc. has a 1 year low of $68.56 and a 1 year high of $114.25. The firm has a fifty day moving average price of $74.92 and a 200 day moving average price of $84.05.

Analyst Ratings Changes

Several research firms have weighed in on EEFT. Wolfe Research reiterated an “underperform” rating and issued a $80.00 price objective on shares of Euronet Worldwide in a research note on Thursday, January 8th. Weiss Ratings downgraded shares of Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Oppenheimer cut their price objective on Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 17th. Monness Crespi & Hardt downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating in a research note on Monday, January 5th. Finally, Needham & Company LLC dropped their target price on Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Euronet Worldwide presently has a consensus rating of “Hold” and a consensus target price of $111.33.

About Euronet Worldwide

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.