Copper Rock Capital Partners Lowers stake in Euronet Worldwide (EEFT)

Euronet Worldwide (EEFT) : Copper Rock Capital Partners reduced its stake in Euronet Worldwide by 0.53% during the most recent quarter end. The investment management company now holds a total of 511,508 shares of Euronet Worldwide which is valued at $37.2 Million after selling 2,740 shares in Euronet Worldwide according to a report filed by the company on Apr 5, 2016 with the SEC.Euronet Worldwide makes up approximately 3.27% of Copper Rock Capital Partners’s portfolio.

On the company’s financial health, Euronet Worldwide reported $1.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Oct 21, 2015. Analyst had a consensus of $0.95. The company had revenue of $481.40 million for the quarter, compared to analysts expectations of $479.12 million. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.

Many Wall Street Analysts have commented on Euronet Worldwide. Euronet Worldwide was Initiated by Northland Capital to “Outperform” on Jan 20, 2016.

Euronet Worldwide closed down -1.12 points or -1.52% at $72.74 with 1,62,122 shares getting traded on Monday. Post opening the session at $74.28, the shares hit an intraday low of $72.71 and an intraday high of $74.75 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Euronet Worldwide Inc. (Euronet) is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions retailers service providers and individual consumers. The Company operates in three segments: The EFT Processing Segment which provides electronic payment solutions consisting of ATM cash withdrawal and deposit services ATM network participation outsourced ATM and POS management solutions credit and debit card outsourcing and card issuing and merchant acquiring services; The epay Segment which provides electronic distribution and processing of prepaid mobile airtime and other electronic payment products and collection services for various payment products cards and services and the Money Transfer Segment which provides global consumer-to-consumer money transfer services under the brand names Ria and AFEX Money Express and global account-to-account money transfer services under the brand name HiFX.

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