As Euronet Worldwide (EEFT) Valuation Rose, Crosslink Capital Has Trimmed Its Stake by $1.03 …

Capital Advisors Inc increased its stake in Bristol Myers Squibb Co (BMY) by 114.13% based on its latest 2019Q2 regulatory filing with the SEC.

Bristol-Myers Squibb Company (NYSE:BMY) Logo

Capital Advisors Inc increased its stake in Bristol Myers Squibb Co (BMY) by 114.13% based on its latest 2019Q2 regulatory filing with the SEC. Capital Advisors Inc bought 10,793 shares as the company’s stock declined 4.66% . The institutional investor held 20,250 shares of the major pharmaceuticals company at the end of 2019Q2, valued at $918,000, up from 9,457 at the end of the previous reported quarter. Capital Advisors Inc who had been investing in Bristol Myers Squibb Co for a number of months, seems to be bullish on the $80.86B market cap company. The stock decreased 0.36% or $0.18 during the last trading session, reaching $49.43. About 7.13 million shares traded. Bristol-Myers Squibb Company (NYSE:BMY) has declined 24.64% since September 14, 2018 and is downtrending. It has underperformed by 24.64% the S&P500. Some Historical BMY News: 06/03/2018 – Bristol-Myers: FDA Approves Supplemental Biologics License Application Updating Opdivo Dosing Schedul; 23/05/2018 – Merck’s Keytruda succeeds late-stage lung cancer study; 06/03/2018 – Rhode Island DoA: Bristol Technical Review Committee Tue, 3/6/2018, 3:00 PM; 29/03/2018 – Rhode Island DoA: Bristol Fourth of July Committee Thu, 3/29/2018, 7:30 PM; 16/04/2018 – Rhode Island DoA: Bristol Warren Regional School District Mon, 4/16/2018, 7:00 PM; 11/04/2018 – Rhode Island DoA: Bristol North and East Burial Grounds Commission Wed, 4/11/2018, 7:00 PM; 13/04/2018 – $BMY #AACR18 CheckMate-568 for identification of TMB cutoff for Nivo+Ipi combo in 1L NSCLC; 17/05/2018 – Exelixis’ Partner lpsen Announces European Commission Approval of CABOMETYX® (Cabozantinib) for Previously Untreated Intermediate- or Poor-Risk Advanced Renal Cell Carcinoma; 19/04/2018 – Rhode Island DoA: Bristol Christmas Festival Committee Thu, 4/19/2018, 7:30 PM; 03/05/2018 – EMA VALIDATES BRISTOL-MYERS SQUIBB’S TYPE II VARIATION APPLICAT

Crosslink Capital Inc decreased its stake in Euronet Worldwide (EEFT) by 3.01% based on its latest 2019Q2 regulatory filing with the SEC. Crosslink Capital Inc sold 6,160 shares as the company’s stock rose 4.11% . The hedge fund held 198,300 shares of the finance company at the end of 2019Q2, valued at $33.36 million, down from 204,460 at the end of the previous reported quarter. Crosslink Capital Inc who had been investing in Euronet Worldwide for a number of months, seems to be less bullish one the $7.83B market cap company. The stock decreased 0.60% or $0.87 during the last trading session, reaching $143.73. About 690,914 shares traded or 61.65% up from the average. Euronet Worldwide, Inc. (NASDAQ:EEFT) has risen 70.99% since September 14, 2018 and is uptrending. It has outperformed by 70.99% the S&P500. Some Historical EEFT News: 19/03/2018 – Euronet Conference Call Scheduled By Northland for Mar. 27; 24/04/2018 – EURONET 1Q REV. $550.5M, EST. $536.0M; 07/05/2018 – EURONET WORLDWIDE INC – ANNOUNCES ACQUISITION OF ABOUT 400 EASYCASH BRANDED ATMS IN IRELAND, FROM ULSTER BANK; 25/04/2018 – Euronet acquires lnnova Tax Free Group and Expands its Merchant Acquiring Offering in Europe; 24/04/2018 – Euronet Worldwide 1Q EPS 49c; 07/05/2018 – Euronet Acquires Easycash And Expands Presence In Ireland; 24/04/2018 – Euronet Worldwide 1Q Rev $550.5M; 07/05/2018 – EURONET WORLDWIDE INC – ULSTER BANK TO CONTINUE TO OPERATE ITS OWN BRAND ESTATE OF ATMS; 25/04/2018 – EURONET BUYS INNOVA TAX FREE GROUP, EXPANDS MERCHANT ACQUIRING; 19/04/2018 – DJ Euronet Worldwide Inc, Inst Holders, 1Q 2018 (EEFT)

Since May 16, 2019, it had 2 insider buys, and 0 selling transactions for $728,360 activity. Samuels Theodore R. II also bought $236,440 worth of Bristol-Myers Squibb Company (NYSE:BMY) shares.

Capital Advisors Inc, which manages about $2.02B US Long portfolio, decreased its stake in Veritex Hldgs Inc by 25,285 shares to 56,265 shares, valued at $1.46M in 2019Q2, according to the filing.

More notable recent Bristol-Myers Squibb Company (NYSE:BMY) news were published by: Finance.Yahoo.com which released: “6 Seth Klarman Stocks With Low Price-Earnings Ratios – Yahoo Finance” on August 28, 2019, also Finance.Yahoo.com with their article: “Do Institutions Own Bristol-Myers Squibb Company (NYSE:BMY) Shares? – Yahoo Finance” published on August 05, 2019, Seekingalpha.com published: “Bristol-Myers’ Opdivo fails to achieve PFS endpoint in late-stage brain cancer study – Seeking Alpha” on September 05, 2019. More interesting news about Bristol-Myers Squibb Company (NYSE:BMY) were released by: Finance.Yahoo.com and their article: “Gilead Tops List of Most Innovative Drug Companies – Yahoo Finance” published on September 12, 2019 as well as Finance.Yahoo.com‘s news article titled: “Is Bristol-Myers Squibb a Buy? – Yahoo Finance” with publication date: September 07, 2019.

Investors sentiment decreased to 1.04 in 2019 Q2. Its down 0.04, from 1.08 in 2019Q1. It dropped, as 90 investors sold BMY shares while 467 reduced holdings. 120 funds opened positions while 460 raised stakes. 1.25 billion shares or 3.32% more from 1.21 billion shares in 2019Q1 were reported. Invest Counsel has 0.15% invested in Bristol-Myers Squibb Company (NYSE:BMY) for 9,306 shares. Moreover, Beck Mack & Oliver Limited Liability has 0.03% invested in Bristol-Myers Squibb Company (NYSE:BMY). Farmers Merchants Invs stated it has 0.33% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY). Csat Advisory LP holds 6,871 shares. Mcf invested in 0.04% or 5,481 shares. New York-based Tiedemann Advsr Limited Liability Company has invested 0.02% in Bristol-Myers Squibb Company (NYSE:BMY). Homrich And Berg reported 24,780 shares or 0.06% of all its holdings. The Kentucky-based Town Country Fincl Bank Trust Dba First Bankers Trust has invested 0.97% in Bristol-Myers Squibb Company (NYSE:BMY). Mcmillion Management holds 65,084 shares or 1.56% of its portfolio. Ww Asset Inc stated it has 109,642 shares or 0.24% of all its holdings. Nordea Management Ab holds 7.69 million shares or 0.78% of its portfolio. Bonness stated it has 1.5% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY). Trustmark Bank Trust Department holds 0.3% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY) for 66,873 shares. Drexel Morgan And reported 9,298 shares. 11,940 are held by Texas Yale Capital.

Analysts await Euronet Worldwide, Inc. (NASDAQ:EEFT) to report earnings on October, 17. They expect $2.74 EPS, up 31.10% or $0.65 from last year’s $2.09 per share. EEFT’s profit will be $149.29M for 13.11 P/E if the $2.74 EPS becomes a reality. After $1.59 actual EPS reported by Euronet Worldwide, Inc. for the previous quarter, Wall Street now forecasts 72.33% EPS growth.

Crosslink Capital Inc, which manages about $2.09 billion and $438.97M US Long portfolio, upped its stake in Tableau Software (NYSE:DATA) by 110,744 shares to 232,339 shares, valued at $38.57 million in 2019Q2, according to the filing. It also increased its holding in Mercadolibre (NASDAQ:MELI) by 2,450 shares in the quarter, for a total of 61,420 shares, and has risen its stake in Paypal Holdings.

Investors sentiment decreased to 0.95 in 2019 Q2. Its down 0.10, from 1.05 in 2019Q1. It dropped, as 30 investors sold EEFT shares while 126 reduced holdings. 58 funds opened positions while 90 raised stakes. 46.76 million shares or 35.44% less from 72.42 million shares in 2019Q1 were reported. Chase Investment Counsel accumulated 3.29% or 38,480 shares. Deutsche Fincl Bank Ag reported 145,332 shares. Granahan Inv Mgmt Inc Ma owns 58,189 shares. Castleark Management Lc holds 88,724 shares. Hudock Grp Inc Ltd stated it has 12 shares. Keybank National Association Oh has invested 0% in Euronet Worldwide, Inc. (NASDAQ:EEFT). Moreover, Rhumbline Advisers has 0.02% invested in Euronet Worldwide, Inc. (NASDAQ:EEFT) for 53,190 shares. M&T Commercial Bank holds 3,728 shares. Caxton Associates Ltd Partnership holds 0.1% or 5,041 shares in its portfolio. Oak Ridge Invs Ltd Llc reported 144,557 shares or 1.68% of all its holdings. Geode Mgmt Limited Com invested in 0.02% or 555,672 shares. California-based Symphony Asset Management Limited Liability Corporation has invested 0.04% in Euronet Worldwide, Inc. (NASDAQ:EEFT). Cibc Ww holds 0.01% or 10,039 shares. Fdx, California-based fund reported 1,927 shares. Natixis Advsr Lp reported 0.04% in Euronet Worldwide, Inc. (NASDAQ:EEFT).

Bristol-Myers Squibb Company (NYSE:BMY) Institutional Positions Chart

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Sei Investments Co (SEIC) Holder Howe & Rusling Decreased Its Position; As Euronet Worldwide …

Crosslink Capital Inc decreased its stake in Euronet Worldwide (EEFT) by 3.01% based on its latest 2019Q2 regulatory filing with the SEC. Crosslink …

Euronet Worldwide, Inc. (NASDAQ:EEFT) Logo

Howe & Rusling Inc decreased its stake in Sei Investments Co (SEIC) by 82.16% based on its latest 2019Q2 regulatory filing with the SEC. Howe & Rusling Inc sold 9,210 shares as the company’s stock rose 10.93% . The institutional investor held 2,000 shares of the investment bankers and brokers and service company at the end of 2019Q2, valued at $112,000, down from 11,210 at the end of the previous reported quarter. Howe & Rusling Inc who had been investing in Sei Investments Co for a number of months, seems to be less bullish one the $9.16 billion market cap company. The stock decreased 0.18% or $0.11 during the last trading session, reaching $60.63. About 346,338 shares traded. SEI Investments Company (NASDAQ:SEIC) has declined 1.29% since September 14, 2018 and is downtrending. It has underperformed by 1.29% the S&P500. Some Historical SEIC News: 25/04/2018 – SEI INVESTMENTS CO – QTRLY REVENUES $405.6 MLN, UP 13%; 26/03/2018 – SEI Enhances Technology for Improved Wealth Management Decision-Making; 01/05/2018 – CAIS Selects SEI to Provide An Innovative Front-Office Technology Solution for Alternative Investment Platform; 25/04/2018 – SEI 1Q REV. $405.6M, EST. $408.2M; 03/05/2018 – SEI Adds New Solutions Director to Bolster UK Private Banking Team; 14/05/2018 – Bremer Bank Adopts SEI Wealth Platform; 21/03/2018 – BMO Wealth Management Adopts SEI Wealth Platform; 20/03/2018 – SEI and Quovo Leverage APls to Deliver Holistic Financial Advice; 12/03/2018 – Something curious between SEI Investments Co. and the SEC (published 18-Jan) $SEIC; 25/04/2018 – SEI Investments 1Q Rev $405.6M

Crosslink Capital Inc decreased its stake in Euronet Worldwide (EEFT) by 3.01% based on its latest 2019Q2 regulatory filing with the SEC. Crosslink Capital Inc sold 6,160 shares as the company’s stock rose 4.11% . The hedge fund held 198,300 shares of the finance company at the end of 2019Q2, valued at $33.36M, down from 204,460 at the end of the previous reported quarter. Crosslink Capital Inc who had been investing in Euronet Worldwide for a number of months, seems to be less bullish one the $7.83B market cap company. The stock decreased 0.60% or $0.87 during the last trading session, reaching $143.73. About 690,914 shares traded or 61.65% up from the average. Euronet Worldwide, Inc. (NASDAQ:EEFT) has risen 70.99% since September 14, 2018 and is uptrending. It has outperformed by 70.99% the S&P500. Some Historical EEFT News: 10/04/2018 – EURONET INDIA TO POWER YES BANK’S CORE PAYMENT INFRASTRUCTURE; 25/04/2018 – EURONET BUYS INNOVA TAX FREE GROUP, EXPANDS MERCHANT ACQUIRING; 16/05/2018 – Euronet Non-Deal Roadshow Scheduled By Northland for May. 22; 07/03/2018 Euronet at Non-Deal Roadshow Hosted By SunTrust Today; 24/04/2018 – EURONET 1Q REV. $550.5M, EST. $536.0M; 25/04/2018 – Euronet Acquires Innova Tax Free Group And Expands Its Merchant Acquiring Offering In Europe; 15/05/2018 – Waddell & Reed Financial Inc. Exits Position in Euronet; 21/03/2018 – Euronet Closes Above 50-Day Moving Average: Technicals; 15/05/2018 – Capital Group Companies Buys New 1.8% Position in Euronet; 24/04/2018 – Euronet Worldwide 1Q EPS 49c

More notable recent Euronet Worldwide, Inc. (NASDAQ:EEFT) news were published by: Globenewswire.com which released: “Euronet Worldwide Reports First Quarter 2019 Financial Results – GlobeNewswire” on April 29, 2019, also Finance.Yahoo.com with their article: “Should You Be Worried About Insider Transactions At Euronet Worldwide, Inc. (NASDAQ:EEFT)? – Yahoo Finance” published on August 05, 2019, Finance.Yahoo.com published: “Hedge Funds Have Never Been This Bullish On Euronet Worldwide, Inc. (EEFT) – Yahoo Finance” on June 21, 2019. More interesting news about Euronet Worldwide, Inc. (NASDAQ:EEFT) were released by: Finance.Yahoo.com and their article: “Don’t Sell Euronet Worldwide, Inc. (NASDAQ:EEFT) Before You Read This – Yahoo Finance” published on July 01, 2019 as well as Globenewswire.com‘s news article titled: “Euronet Worldwide Reports Second Quarter 2019 Financial Results – GlobeNewswire” with publication date: July 23, 2019.

Analysts await Euronet Worldwide, Inc. (NASDAQ:EEFT) to report earnings on October, 17. They expect $2.74 EPS, up 31.10% or $0.65 from last year’s $2.09 per share. EEFT’s profit will be $149.29 million for 13.11 P/E if the $2.74 EPS becomes a reality. After $1.59 actual EPS reported by Euronet Worldwide, Inc. for the previous quarter, Wall Street now forecasts 72.33% EPS growth.

Investors sentiment decreased to 0.95 in Q2 2019. Its down 0.10, from 1.05 in 2019Q1. It dived, as 30 investors sold EEFT shares while 126 reduced holdings. 58 funds opened positions while 90 raised stakes. 46.76 million shares or 35.44% less from 72.42 million shares in 2019Q1 were reported. Illinois-based Envestnet Asset Management has invested 0.01% in Euronet Worldwide, Inc. (NASDAQ:EEFT). The New York-based Cipher Cap Limited Partnership has invested 0.12% in Euronet Worldwide, Inc. (NASDAQ:EEFT). Kennedy Mngmt Incorporated reported 155,921 shares. Van Berkom And Assocs Inc invested 3.7% of its portfolio in Euronet Worldwide, Inc. (NASDAQ:EEFT). Fiera reported 33,926 shares. Metropolitan Life Com Ny invested in 0.01% or 2,418 shares. Mesirow Finance Invest Management invested in 0.27% or 10,300 shares. The Virginia-based Virginia Retirement Sys Et Al has invested 0.02% in Euronet Worldwide, Inc. (NASDAQ:EEFT). Hood River Cap Mgmt Ltd has invested 1.91% in Euronet Worldwide, Inc. (NASDAQ:EEFT). M&T Commercial Bank Corp reported 0% of its portfolio in Euronet Worldwide, Inc. (NASDAQ:EEFT). Bnp Paribas Arbitrage invested 0% of its portfolio in Euronet Worldwide, Inc. (NASDAQ:EEFT). Driehaus Cap Management Lc has invested 0.02% in Euronet Worldwide, Inc. (NASDAQ:EEFT). Fincl Bank Of America Corp De invested in 0.01% or 241,550 shares. Caxton Associate Limited Partnership invested in 5,041 shares or 0.1% of the stock. Moreover, Pinnacle Fincl Prtnrs has 0.02% invested in Euronet Worldwide, Inc. (NASDAQ:EEFT) for 1,508 shares.

Crosslink Capital Inc, which manages about $2.09B and $438.97M US Long portfolio, upped its stake in A by 91,750 shares to 175,270 shares, valued at $4.55 million in 2019Q2, according to the filing. It also increased its holding in Talend Sa by 31,266 shares in the quarter, for a total of 569,410 shares, and has risen its stake in Tableau Software (NYSE:DATA).

Investors sentiment increased to 1.05 in 2019 Q2. Its up 0.03, from 1.02 in 2019Q1. It is positive, as 20 investors sold SEIC shares while 109 reduced holdings. 43 funds opened positions while 93 raised stakes. 102.18 million shares or 0.56% less from 102.76 million shares in 2019Q1 were reported. Bnp Paribas Asset Mngmt Holding holds 0% or 3,806 shares. Natixis invested in 0.05% or 109,645 shares. Stifel Financial Corp has 11,106 shares for 0% of their portfolio. Two Sigma Llc holds 0% or 4,405 shares. Royal London Asset Mngmt Limited invested 0.03% of its portfolio in SEI Investments Company (NASDAQ:SEIC). World Asset invested in 7,738 shares or 0.02% of the stock. Stevens Capital Management Ltd Partnership owns 0.02% invested in SEI Investments Company (NASDAQ:SEIC) for 6,231 shares. Shelton Management owns 8,759 shares. Endurance Wealth Mngmt Inc owns 1,000 shares. Loomis Sayles & Limited Partnership accumulated 15.85M shares or 1.66% of the stock. Riverhead Capital Ltd Liability Corporation owns 20,444 shares or 0.04% of their US portfolio. Livforsakringsbolaget Skandia Omsesidigt holds 1,154 shares or 0.01% of its portfolio. Bancorporation Of Mellon stated it has 0.03% in SEI Investments Company (NASDAQ:SEIC). Manufacturers Life The stated it has 209,462 shares. Renaissance Lc holds 0.06% in SEI Investments Company (NASDAQ:SEIC) or 1.12 million shares.

Howe & Rusling Inc, which manages about $798.49 million and $578.73M US Long portfolio, upped its stake in Bristol Myers Squibb Co (NYSE:BMY) by 145,228 shares to 253,792 shares, valued at $11.51M in 2019Q2, according to the filing. It also increased its holding in Edison Intl (NYSE:EIX) by 37,381 shares in the quarter, for a total of 119,404 shares, and has risen its stake in Conocophillips (NYSE:COP).

Euronet Worldwide, Inc. (NASDAQ:EEFT) Institutional Positions Chart

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The New Trend Attracting Innovative Traders

eToroX is the blockchain arm of the global investment platform, eToro … the trading company has been granted the Distributed Ledger Technology …

History of eToroX

When the innovative idea materialized into a useable concept, it began as RetailFX and was initially found in Tel Aviv, Israel. The idea was brought into fruition by two brothers who then set up offices all around the globe, including Tel Aviv, UK, Cyprus, Australia and even China.

Established in Gibraltar, one of the most renowned licensing countries in the world, the trading company has been granted the Distributed Ledger Technology (DLT) necessary to trade in cryptocurrencies. Legitimate trading companies need DLT to deliver accurate and precise trading information. This license agreement is distributed by the GFSC, the Gibraltar Financial Services Commission, one of the leading licensing services in the world.

Accepted eToroX Trading Currencies

Having only been recently developed, one would think eToroX doesn’t offer a whole selection of accepted currencies, but contrary to their recent developments, the brand offers over 71 acceptable currencies, including:

  • Bitcoin
  • Ethereum
  • Bitcoin Cash
  • Litecoin
  • Stellar
  • Ripple

In addition to crypto-assets, there are several accepted fiat (cash) currencies, including USD and Forex. eToroX also offers several tokenized assets and was one of the first of the few to introduce the trading of gold and silver. The newest addition stands out and attracts many traders with a unique and keen eye for profiting on investments.

How to Open an Account

If you want to create an account to expand your investment opportunities, eToroX provides a simple way of doing so. All that is required is an email address and password, and then the mandatory verification process referred to as ‘KYC’ (Know Your Customer). This aids in the system understanding the attracted user and how to target more users with common trading preferences.

Another means of registration, tailored for already existing eToro members, requires only existing eToro credentials.

The Long Term Goal

The company aims to offer its services to more digitally inclined traders offering a number of features, and has created one of the most dynamic trading platforms.

The Security

Being platformed and showcased as a web-based company, security is naturally an important issue. eToroX uses a two-way authentication protocol, an identifying system used to prove who the user is and validate the online session. In addition to the incredibly safe and secure means of transferring data, there is an encryption technology that prevents any fraudulent activity and surveillance. If that still isn’t comforting enough, there is military-grade protection service ensuring users of safety and security.

The Trading Options

There are 71 pairing options, 18digital currencies, digital asset commodities and a legitimized fee system which ranges from as little as 0.03% for market makers and 0.12% for the market takers.

Customer Support

One of the biggest advantages of trading using eToroX is the structured and expert team of customer support professionals. Any issues will be addressed and there are numerous ways to contact them as listed below:

Not only does the ‘Help’ section aid in helping users determine how to trade, but it also gives a more descriptive understanding of blockchain technology.

User Interface

While the user interface has been as expertly executed as its comprehensive nature, users may find its clean and sleek look even more appealing. Navigate your way through each page for an accurate and decisive investment, created for each specific need of all eToroX users.

For those familiar with Tradingview API, the charts have been based on the design, giving the platform a familiar feel. For those familiar with crypto trading, the charts are easily decipherable. For the newer trader, the UI is clear, encouraging user to reach new heights and explore trading options.

Deposits and Withdrawals

There are no fees required to make a deposit at ToroX, although there are when making a withdrawal. These fees are necessary to cover banking costs and are stipulated on the site for a more comprehensive understanding when opting for a payout method.

Conclusion

eToroX is far ahead of its time, delivering one of the most outstanding and innovative services for digitally inclined traders. The safe and secure trading company is authentically licensed and serves the multipurpose functionality of creating profits for adapted users.

For more information, please visit eToroX.

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Moneygram International (NASDAQ:MGI) Stock Rating Reaffirmed by Northland Securities

Moneygram International (NASDAQ:MGI)’s stock had its “buy” rating reaffirmed by stock analysts at Northland Securities in a note issued to investors …

Moneygram International logoMoneygram International (NASDAQ:MGI)‘s stock had its “buy” rating reaffirmed by stock analysts at Northland Securities in a note issued to investors on Thursday, September 5th, AnalystRatings.com reports. They currently have a $7.00 price objective on the financial services provider’s stock. Northland Securities’ target price would suggest a potential upside of 28.91% from the company’s current price.

The analysts wrote, “We note Groupon and RetailMeNot as a couple examples in the affiliate program.””

Several other brokerages also recently issued reports on MGI. ValuEngine downgraded Moneygram International from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Zacks Investment Research downgraded Moneygram International from a “strong-buy” rating to a “hold” rating and set a $3.50 target price on the stock. in a research report on Thursday, August 8th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Moneygram International presently has an average rating of “Hold” and a consensus target price of $4.67.

MGI opened at $5.43 on Thursday. The business’s fifty day moving average is $3.63 and its two-hundred day moving average is $2.59. The company has a market cap of $379.13 million, a price-to-earnings ratio of 26.57 and a beta of 2.74. Moneygram International has a one year low of $1.33 and a one year high of $6.70.

Moneygram International (NASDAQ:MGI) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.08. Moneygram International had a negative return on equity of 3.29% and a negative net margin of 5.56%. The business had revenue of $323.80 million for the quarter, compared to the consensus estimate of $342.31 million. Equities analysts anticipate that Moneygram International will post 0.09 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Marshall Wace North America L.P. acquired a new stake in Moneygram International during the 2nd quarter valued at approximately $51,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in Moneygram International during the 2nd quarter valued at approximately $54,000. Centaurus Financial Inc. bought a new position in Moneygram International during the 2nd quarter worth approximately $123,000. Paloma Partners Management Co bought a new position in Moneygram International during the 2nd quarter worth approximately $188,000. Finally, Hennessy Advisors Inc. bought a new position in Moneygram International during the 2nd quarter worth approximately $222,000. Institutional investors and hedge funds own 62.26% of the company’s stock.

About Moneygram International

MoneyGram International, Inc, together with its subsidiaries, provides money transfer services in the United States and internationally. The company operates through two segments, Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment offers money transfer services and bill payment services primarily to unbanked and underbanked consumers.

See Also: How does a security become overbought?

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MasterCard to Design Topnotch Blockchain-Based International Payments Solution

In fact, they are formulating a proof-of-concept for adding R3’s blockchain and DLT-centered trade finance system with SWIFT’s Global Payments …
Sep 14, 2019 at 12:10 // News
Author

Coin Idol

On Friday September 13, MasterCard Incorporated, an American multinational financial services corporation based in New York, United States, announced its partnership with enterprise blockchain tech company R3 to design distributed ledger technology (DLT)-based international and transborder payments.

The main purpose of this deal is to significantly cut costs and handle liquidity management and a deficiency of regulation in payment clearing systems, according to the press release.

The credit card bull will go on with processing, clearing and settling the cross-border payments, but the collaboration gives MasterCard full access to R3’s Corda network, that is now being used by several firms such as Microsoft Corporation, developers of computer softwares, Intel Corporation, semiconductor chip producers, and Accenture plc, service providers of digital technology.

Blockchain Adoption Increases in Cross-Border Businesses

Earlier this year, R3 revealed they were working on incorporating Corda into the Society for Worldwide Interbank Financial Telecommunication ( SWIFT) network, a payments system which is projected to transfer more than $200 billion daily. In fact, they are formulating a proof-of-concept for adding R3’s blockchain and DLT-centered trade finance system with SWIFT’s Global Payments Innovation (GPI) structure.

Almost all organizations whether big or small, depend on the capacity to send and get financial payments, however, they are all using a clumsy and costly technology. Therefore, new blockchain-based technologies have to be developed to solve these challenges and allow enterprises to flourish, according to CEO R3 David Rutter.

The declaration comes days after MasterCard’s great rival established in California, Visa Inc. unveiled a deal that it made with a money transfer firm headquartered in Texas MoneyGram International Inc. to develop an effective international payment solution. However, Visa’s proclamation did not talk about blockchain. But Ripple Labs, the squad behind Ripple (XRP), have already dedicated to around $30 mln stake in MoneyGram.

Late last month, Mastercard and Visa were working on creating a professional distributed ledger technology and cryptocurrency team, and further design digital wallets, not forgetting making massive investments in this nascent industry. As a matter of fact, the former is in the process of recruiting various blockchain engineers and other DLT professionals.

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