UBS Asset Management Americas Inc. Buys 5,481 Shares of Euronet Worldwide, Inc. (EEFT)

UBS Asset Management Americas Inc. grew its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 17.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,254 shares of the business services provider’s stock after purchasing an additional 5,481 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.07% of Euronet Worldwide worth $3,168,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Euronet Worldwide by 4.6% in the first quarter. Vanguard Group Inc. now owns 3,888,919 shares of the business services provider’s stock valued at $332,581,000 after purchasing an additional 170,782 shares in the last quarter. Janus Capital Management LLC lifted its holdings in shares of Euronet Worldwide by 15.3% in the first quarter. Janus Capital Management LLC now owns 3,361,668 shares of the business services provider’s stock valued at $287,489,000 after purchasing an additional 445,746 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Euronet Worldwide by 3.9% in the second quarter. Victory Capital Management Inc. now owns 2,683,263 shares of the business services provider’s stock valued at $234,437,000 after purchasing an additional 100,544 shares in the last quarter. Frontier Capital Management Co. LLC lifted its holdings in shares of Euronet Worldwide by 0.5% in the second quarter. Frontier Capital Management Co. LLC now owns 2,198,881 shares of the business services provider’s stock valued at $192,116,000 after purchasing an additional 10,750 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its holdings in shares of Euronet Worldwide by 4.8% in the second quarter. William Blair Investment Management LLC now owns 879,475 shares of the business services provider’s stock valued at $76,840,000 after purchasing an additional 40,129 shares in the last quarter. Institutional investors own 93.90% of the company’s stock.

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A number of research analysts have recently weighed in on the company. SunTrust Banks, Inc. restated a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a report on Friday, October 6th. BidaskClub upgraded Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. Zacks Investment Research upgraded Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a report on Tuesday, September 26th. Lake Street Capital restated a “buy” rating and issued a $99.00 target price (up previously from $96.00) on shares of Euronet Worldwide in a report on Thursday, July 27th. Finally, DA Davidson assumed coverage on Euronet Worldwide in a report on Wednesday, July 19th. They issued a “buy” rating and a $105.00 target price on the stock. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Euronet Worldwide presently has an average rating of “Buy” and a consensus price target of $105.40.

In related news, VP Jeffrey B. Newman sold 3,433 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $92.00, for a total value of $315,836.00. Following the transaction, the vice president now directly owns 16,386 shares of the company’s stock, valued at approximately $1,507,512. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jeffrey B. Newman sold 24,535 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $92.01, for a total value of $2,257,465.35. Following the completion of the transaction, the vice president now directly owns 16,918 shares in the company, valued at $1,556,625.18. The disclosure for this sale can be found here. Insiders sold a total of 306,574 shares of company stock worth $29,668,269 over the last ninety days. 7.70% of the stock is currently owned by insiders.

Shares of Euronet Worldwide, Inc. (NASDAQ EEFT) opened at 98.35 on Friday. Euronet Worldwide, Inc. has a 12 month low of $70.51 and a 12 month high of $99.98. The stock has a market capitalization of $5.17 billion, a P/E ratio of 31.75 and a beta of 1.34. The company’s 50 day moving average price is $96.86 and its 200-day moving average price is $90.47.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Wednesday, July 26th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.01. The business had revenue of $536.60 million for the quarter, compared to analysts’ expectations of $513.10 million. Euronet Worldwide had a return on equity of 22.32% and a net margin of 8.23%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.97 EPS. Equities analysts predict that Euronet Worldwide, Inc. will post $4.55 earnings per share for the current year.

About Euronet Worldwide

Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.

Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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