Euronet Worldwide (EEFT) : Rs Investment Management Co scooped up 148,594 additional shares in Euronet Worldwide during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 1,822,483 shares of Euronet Worldwide which is valued at $139,948,470.Euronet Worldwide makes up approximately 1.37% of Rs Investment Management Co’s portfolio.
Other Hedge Funds, Including , Strs Ohio sold out all of its stake in EEFT during the most recent quarter. The investment firm sold 24,100 shares of EEFT which is valued $1,850,639.Checchi Capital Advisers boosted its stake in EEFT in the latest quarter, The investment management firm added 1,462 additional shares and now holds a total of 1,586 shares of Euronet Worldwide which is valued at $115,017. Euronet Worldwide makes up approx 0.03% of Checchi Capital Advisers’s portfolio. Cutler Group Lp added EEFT to its portfolio by purchasing 884 company shares during the most recent quarter which is valued at $63,701. 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 $75.74 and hit $76.98 on the upside on Friday, eventually ending the session at $76.26, with a gain of 0.58% or 0.44 points. The heightened volatility saw the trading volume jump to 5,34,519 shares. Company has a market cap of $3,969 M.
On the company’s financial health, Euronet Worldwide reported $0.97 EPS for the quarter, missing the analyst consensus estimate by $ -0.25 based on the information available during the earnings call on Jul 26, 2016. Analyst had a consensus of $1.22. The company had revenue of $476.90 million for the quarter, compared to analysts expectations of $525.33 million. The company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 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.