Penserra Capital Management LLC Has $4.67 Million Stake in Euronet Worldwide, Inc. $EEFT

Penserra Capital Management LLC reduced its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 17.1% during the third quarter, Holdings Channel.com reports. The firm owned 53,151 shares of the business services provider’s stock after selling 10,988 shares during the quarter. Penserra Capital Management LLC’s holdings in Euronet Worldwide were worth $4,667,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP lifted its stake in shares of Euronet Worldwide by 248.7% in the second quarter. Allworth Financial LP now owns 265 shares of the business services provider’s stock valued at $27,000 after buying an additional 189 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Euronet Worldwide by 48.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after acquiring an additional 109 shares during the last quarter. First Horizon Corp bought a new position in Euronet Worldwide in the 3rd quarter valued at about $36,000. True Wealth Design LLC lifted its position in Euronet Worldwide by 106.4% in the 2nd quarter. True Wealth Design LLC now owns 450 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 232 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in Euronet Worldwide by 10,700.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 540 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 535 shares during the last quarter. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Trading Up 1.2%

Shares of Euronet Worldwide stock opened at $71.84 on Friday. Euronet Worldwide, Inc. has a 1 year low of $67.00 and a 1 year high of $114.25. The firm has a market cap of $3.02 billion, a PE ratio of 10.52, a P/E/G ratio of 0.55 and a beta of 0.82. The stock has a fifty day moving average price of $74.80 and a 200-day moving average price of $82.86. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.15.

Analysts Set New Price Targets

Several analysts have recently commented on EEFT shares. Wolfe Research reissued an “underperform” rating and issued a $80.00 price objective on shares of Euronet Worldwide in a research note on Thursday, January 8th. Needham & Company LLC lowered their price target on Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Wall Street Zen cut Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Oppenheimer reduced their target price on shares of Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 17th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Friday, October 24th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $108.33.

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.