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

Euronet Worldwide (EEFT) : Copper Rock Capital Partners reduced its stake in Euronet Worldwide by 21.19% during the most recent quarter end. The investment management company now holds a total of 403,121 shares of Euronet Worldwide which is valued at $29,339,146 after selling 108,387 shares in Euronet Worldwide , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Euronet Worldwide makes up approximately 2.14% of Copper Rock Capital Partners’s portfolio.

Other Hedge Funds, Including , Capital One National Association sold out all of its stake in EEFT during the most recent quarter. The investment firm sold 6,804 shares of EEFT which is valued $495,195.Independent Portfolio Consultants reduced its stake in EEFT by selling 20 shares or 2.02% in the most recent quarter. The Hedge Fund company now holds 970 shares of EEFT which is valued at $69,258. Euronet Worldwide makes up approx 0.02% of Independent Portfolio Consultants’s portfolio. Mazama Capital Management Inc added EEFT to its portfolio by purchasing 9,194 company shares during the most recent quarter which is valued at $653,142. Euronet Worldwide makes up approx 0.13% of Mazama Capital Management Inc’s portfolio.

Euronet Worldwide opened for trading at $72.47 and hit $72.88 on the upside on Wednesday, eventually ending the session at $72.78, with a gain of 1.25% or 0.9 points. The heightened volatility saw the trading volume jump to 6,92,406 shares. Company has a market cap of $3,788 M.

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 Downgraded by Monness Crespi & Hardt to ” Neutral” on Jun 10, 2016.

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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