Euronet Worldwide, Inc. $EEFT Shares Purchased by Odyssean LLC

Odyssean LLC boosted its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 121.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,597 shares of the business services provider’s stock after acquiring an additional 24,423 shares during the period. Euronet Worldwide comprises approximately 0.5% of Odyssean LLC’s portfolio, making the stock its 21st largest position. Odyssean LLC’s holdings in Euronet Worldwide were worth $3,264,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Johnson Financial Group Inc. purchased a new stake in shares of Euronet Worldwide in the 3rd quarter valued at about $26,000. Danske Bank A S purchased a new position in Euronet Worldwide during the 3rd quarter worth approximately $26,000. Geneos Wealth Management Inc. grew its stake in Euronet Worldwide by 48.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after buying an additional 109 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Euronet Worldwide during the fourth quarter worth approximately $38,000. Finally, Allworth Financial LP purchased a new stake in Euronet Worldwide in the second quarter valued at approximately $43,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Wall Street Analyst Weigh In

EEFT has been the topic of a number of research reports. Needham & Company LLC raised their target price on shares of Euronet Worldwide from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Wolfe Research reduced their price target on shares of Euronet Worldwide from $75.00 to $70.00 and set an “underperform” rating for the company in a research report on Tuesday. Weiss Ratings cut shares of Euronet Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, DA Davidson reiterated a “buy” rating and set a $102.00 price target on shares of Euronet Worldwide in a research note on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Euronet Worldwide currently has an average rating of “Hold” and a consensus target price of $94.00.

Euronet Worldwide Price Performance

Euronet Worldwide stock opened at $71.21 on Wednesday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.37 and a quick ratio of 1.37. The business has a 50 day simple moving average of $73.94 and a 200-day simple moving average of $71.40. Euronet Worldwide, Inc. has a 12 month low of $62.50 and a 12 month high of $96.93. The stock has a market capitalization of $2.71 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 0.57 and a beta of 0.82.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Thursday, July 30th. The business services provider reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.11). Euronet Worldwide had a return on equity of 28.60% and a net margin of 6.63%.During the same period in the previous year, the company earned $2.56 EPS. The company’s quarterly revenue was up 3.2% on a year-over-year basis. Equities analysts predict that Euronet Worldwide, Inc. will post 9.55 earnings per share for the current year.

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.