Atria Investments Inc Has $410,000 Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Atria Investments Inc lowered its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 16.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 4,135 shares of the business services provider’s stock after selling 827 shares during the quarter. Atria Investments Inc’s holdings in Euronet Worldwide were worth $410,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Lazard Asset Management LLC raised its holdings in Euronet Worldwide by 6,250.4% in the 1st quarter. Lazard Asset Management LLC now owns 141,932 shares of the business services provider’s stock worth $15,602,000 after acquiring an additional 139,697 shares during the period. Kodai Capital Management LP increased its stake in shares of Euronet Worldwide by 57.9% in the first quarter. Kodai Capital Management LP now owns 369,209 shares of the business services provider’s stock worth $40,587,000 after purchasing an additional 135,416 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Euronet Worldwide by 17.7% in the second quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider’s stock worth $78,172,000 after purchasing an additional 113,685 shares during the period. Marshall Wace LLP acquired a new position in shares of Euronet Worldwide during the 2nd quarter worth about $9,047,000. Finally, New South Capital Management Inc. boosted its stake in Euronet Worldwide by 16.2% during the 2nd quarter. New South Capital Management Inc. now owns 625,677 shares of the business services provider’s stock valued at $64,758,000 after purchasing an additional 87,258 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Stock Up 1.5 %

EEFT opened at $104.96 on Friday. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 15.16 and a beta of 1.46. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. The firm’s 50-day simple moving average is $99.70 and its 200-day simple moving average is $103.86. Euronet Worldwide, Inc. has a twelve month low of $86.26 and a twelve month high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.11. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned $2.53 earnings per share. Equities research analysts anticipate that Euronet Worldwide, Inc. will post 7.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on EEFT shares. Oppenheimer began coverage on shares of Euronet Worldwide in a research report on Tuesday, October 1st. They set an “outperform” rating and a $121.00 target price on the stock. Needham & Company LLC dropped their price objective 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 upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. DA Davidson restated a “buy” rating and set a $136.00 price target on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Finally, Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $125.38.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the firm’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 sale, the chief executive officer now owns 12,440 shares in the company, valued at approximately $1,276,095.20. This trade represents a 24.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 10.50% of the company’s stock.

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.