Frontier Capital Management Co LLC Cut Euronet Worldwide INC (EEFT) Position by $4.76 Million

February 25, 2018 - By Dolores Ford

Investors sentiment increased to 1.3 in Q3 2017. Its up 0.30, from 1 in 2017Q2. It is positive, as 12 investors sold EEFT shares while 87 reduced holdings. 44 funds opened positions while 85 raised stakes. 47.88 million shares or 0.66% more from 47.57 million shares in 2017Q2 were reported. National Bank Of New York Mellon invested in 0.01% or 260,231 shares. Nomura Hldgs Inc stated it has 17,607 shares. 268,615 were accumulated by Neuberger Berman Group. Paloma Partners Management Co holds 12,007 shares or 0.02% of its portfolio. Fuller And Thaler Asset reported 550 shares. Parametrica Management Ltd holds 0.15% or 3,674 shares. Scotia Cap holds 6,838 shares or 0.01% of its portfolio. Campbell Newman Asset Management Incorporated, a Wisconsin-based fund reported 3,277 shares. Asset One owns 27,300 shares or 0.01% of their US portfolio. Bnp Paribas Arbitrage accumulated 1,423 shares. Royal Savings Bank Of Canada reported 52,595 shares or 0% of all its holdings. Axiom Invsts Limited Liability Corp De owns 123,429 shares for 0.26% of their portfolio. Highland Capital Ltd Liability Company holds 0.04% or 4,910 shares. Gideon Capital Advsr holds 0.48% or 5,092 shares. 100,739 were reported by Portolan Ltd Liability.

Since August 30, 2017, it had 0 insider buys, and 10 selling transactions for $28.58 million activity. Another trade for 76,563 shares valued at $7.47M was sold by WELLER RICK. $999,867 worth of Euronet Worldwide, Inc. (NASDAQ:EEFT) was sold by OLECHOWSKI ANDREJ on Thursday, September 7. Caponecchi Kevin J sold 49,238 shares worth $4.81M. Another trade for 296 shares valued at $27,232 was made by Fountas Nikos on Tuesday, December 12.

Frontier Capital Management Co Llc decreased its stake in Euronet Worldwide Inc. (EEFT) by 2.3% based on its latest 2017Q3 regulatory filing with the SEC. Frontier Capital Management Co Llc sold 50,607 shares as the company’s stock rose 1.88% with the market. The institutional investor held 2.15M shares of the finance company at the end of 2017Q3, valued at $203.64M, down from 2.20 million at the end of the previous reported quarter. Frontier Capital Management Co Llc who had been investing in Euronet Worldwide Inc. for a number of months, seems to be less bullish one the $4.48 billion market cap company. The stock increased 0.96% or $0.81 during the last trading session, reaching $85.12. About 434,144 shares traded. Euronet Worldwide, Inc. (NASDAQ:EEFT) has risen 8.96% since February 25, 2017 and is uptrending. It has underperformed by 7.74% the S&P500.

Frontier Capital Management Co Llc, which manages about $13.86 billion US Long portfolio, upped its stake in Dollar General Corporation (NYSE:DG) by 201,105 shares to 1.58 million shares, valued at $128.00M in 2017Q3, according to the filing. It also increased its holding in O’reilly Automotive Inc. (NASDAQ:ORLY) by 170,452 shares in the quarter, for a total of 515,720 shares, and has risen its stake in Blue Buffalo Pet Products Inc.

Analysts await Euronet Worldwide, Inc. (NASDAQ:EEFT) to report earnings on April, 24. They expect $0.68 earnings per share, up 1.49 % or $0.01 from last year’s $0.67 per share. EEFT’s profit will be $35.82 million for 31.29 P/E if the $0.68 EPS becomes a reality. After $1.07 actual earnings per share reported by Euronet Worldwide, Inc. for the previous quarter, Wall Street now forecasts -36.45 % negative EPS growth.

More notable recent Euronet Worldwide, Inc. (NASDAQ:EEFT) news were published by: Bizjournals.com which released: “Euronet CEO sells $1.82M in stock” on February 05, 2018, also Bizjournals.com with their article: “Tax law takes a bite out of Euronet’s earnings” published on February 07, 2018, Globenewswire.com published: “Euronet Worldwide Reports Fourth Quarter and Full Year 2017 Financial Results” on February 07, 2018. More interesting news about Euronet Worldwide, Inc. (NASDAQ:EEFT) were released by: Seekingalpha.com and their article: “Euronet: Latest Pullback Comes With Much Greater Operating Uncertainties” published on February 21, 2018 as well as Seekingalpha.com‘s news article titled: “Euronet Worldwide’s (EEFT) CEO Mike Brown on Q4 2017 Results – Earnings Call …” with publication date: February 07, 2018.

Euronet Worldwide, Inc. (NASDAQ:EEFT) Ratings Coverage

Among 10 analysts covering Euronet Worldwide (NASDAQ:EEFT), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Euronet Worldwide had 21 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Euronet Worldwide, Inc. (NASDAQ:EEFT) has “Buy” rating given on Wednesday, February 7 by Piper Jaffray. Piper Jaffray maintained Euronet Worldwide, Inc. (NASDAQ:EEFT) on Friday, October 20 with “Buy” rating. The firm earned “Market Perform” rating on Monday, December 18 by William Blair. The rating was maintained by Piper Jaffray on Wednesday, September 2 with “Buy”. The stock of Euronet Worldwide, Inc. (NASDAQ:EEFT) has “Overweight” rating given on Wednesday, November 25 by Piper Jaffray. The rating was maintained by Northland Capital on Wednesday, September 13 with “Buy”. The stock of Euronet Worldwide, Inc. (NASDAQ:EEFT) earned “Market Outperform” rating by Avondale on Wednesday, April 27. On Wednesday, January 20 the stock rating was initiated by Northland Capital with “Outperform”. The rating was maintained by SunTrust with “Buy” on Friday, October 6. Monness Crespi downgraded the shares of EEFT in report on Friday, June 10 to “Neutral” rating.

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