First Houston Capital Lowers stake in Euronet Worldwide (EEFT)

Euronet Worldwide (EEFT) : First Houston Capital reduced its stake in Euronet Worldwide by 10.85% during the most recent quarter end. The investment management company now holds a total of 34,500 shares of Euronet Worldwide which is valued at $2,709,285 after selling 4,200 shares in Euronet Worldwide , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Euronet Worldwide makes up approximately 2.45% of First Houston Capital’s portfolio.

Other Hedge Funds, Including , Voya Investment Management reduced its stake in EEFT by selling 76,271 shares or 13.39% in the most recent quarter. The Hedge Fund company now holds 493,333 shares of EEFT which is valued at $38,741,440. Euronet Worldwide makes up approx 0.09% of Voya Investment Management’s portfolio.Kennedy Capital Management reduced its stake in EEFT by selling 5,329 shares or 1.91% in the most recent quarter. The Hedge Fund company now holds 274,287 shares of EEFT which is valued at $21,539,758. Euronet Worldwide makes up approx 0.41% of Kennedy Capital Management’s portfolio.Tiaa Cref Investment Management reduced its stake in EEFT by selling 73,150 shares or 20.47% in the most recent quarter. The Hedge Fund company now holds 284,236 shares of EEFT which is valued at $22,321,053. Euronet Worldwide makes up approx 0.02% of Tiaa Cref Investment Management’s portfolio.Diam Ltd. boosted its stake in EEFT in the latest quarter, The investment management firm added 7,820 additional shares and now holds a total of 68,495 shares of Euronet Worldwide which is valued at $5,172,742. Euronet Worldwide makes up approx 0.07% of Diam Ltd.’s portfolio.Hood River Capital Management reduced its stake in EEFT by selling 101,679 shares or 65.09% in the most recent quarter. The Hedge Fund company now holds 54,524 shares of EEFT which is valued at $4,158,000. Euronet Worldwide makes up approx 0.50% of Hood River Capital Management’s portfolio.

Euronet Worldwide opened for trading at $77.5 and hit $78.265 on the upside on Thursday, eventually ending the session at $77.91, with a gain of 0.39% or 0.3 points. The heightened volatility saw the trading volume jump to 1,86,388 shares. Company has a market cap of $4,059 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.

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