Boston Advisors LLC grew its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 8.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,050 shares of the business services provider’s stock after acquiring an additional 10,600 shares during the period. Boston Advisors LLC owned about 0.26% of Euronet Worldwide worth $12,896,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Bristlecone Advisors LLC acquired a new position in Euronet Worldwide during the 3rd quarter worth $113,000. Fiduciary Trust Co. acquired a new position in shares of Euronet Worldwide in the 2nd quarter valued at about $122,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Euronet Worldwide by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock valued at $149,000 after buying an additional 116 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Euronet Worldwide by 10.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock valued at $157,000 after buying an additional 167 shares during the period. Finally, World Asset Management Inc acquired a new position in shares of Euronet Worldwide in the 2nd quarter valued at about $201,000. 93.07% of the stock is owned by institutional investors.
Euronet Worldwide, Inc. (NASDAQ EEFT) traded up $0.06 during mid-day trading on Friday, hitting $90.70. 304,800 shares of the company’s stock were exchanged, compared to its average volume of 299,263. Euronet Worldwide, Inc. has a one year low of $70.51 and a one year high of $101.07. The company has a market cap of $4,775.01, a P/E ratio of 21.74, a price-to-earnings-growth ratio of 1.40 and a beta of 1.39. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 1.44.
Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Thursday, October 19th. The business services provider reported $1.61 EPS for the quarter, hitting analysts’ consensus estimates of $1.61. The company had revenue of $637.90 million for the quarter, compared to the consensus estimate of $595.09 million. Euronet Worldwide had a net margin of 9.63% and a return on equity of 22.46%. Euronet Worldwide’s revenue was up 21.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.35 EPS. sell-side analysts anticipate that Euronet Worldwide, Inc. will post 4.33 EPS for the current year.
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In other news, CEO Kevin J. Caponecchi sold 49,238 shares of Euronet Worldwide stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $97.67, for a total value of $4,809,075.46. Following the transaction, the chief executive officer now owns 79,096 shares of the company’s stock, valued at approximately $7,725,306.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrej Olechowski sold 10,276 shares of Euronet Worldwide stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $97.30, for a total transaction of $999,854.80. Following the completion of the transaction, the director now directly owns 14,355 shares in the company, valued at $1,396,741.50. The disclosure for this sale can be found here. Insiders sold a total of 263,755 shares of company stock worth $25,892,468 in the last ninety days. Corporate insiders own 7.70% of the company’s stock.
Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, July 28th. DA Davidson started coverage on shares of Euronet Worldwide in a report on Wednesday, July 19th. They issued a “buy” rating and a $105.00 price target for the company. Lake Street Capital reiterated a “buy” rating and issued a $99.00 price objective (up from $96.00) on shares of Euronet Worldwide in a research report on Thursday, July 27th. BidaskClub upgraded shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 6th. Finally, Northland Securities reiterated a “buy” rating and issued a $110.00 price objective on shares of Euronet Worldwide in a research report on Thursday, October 19th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $108.67.
Euronet Worldwide Profile
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.
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