First Trust Advisors LP increased its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 37.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 98,473 shares of the business services provider’s stock after acquiring an additional 26,824 shares during the period. First Trust Advisors LP owned about 0.19% of Euronet Worldwide worth $9,334,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Bristlecone Advisors LLC bought a new stake in Euronet Worldwide during the 3rd quarter worth $113,000. Fiduciary Trust Co. bought a new stake in Euronet Worldwide during the 2nd quarter worth $122,000. The Manufacturers Life Insurance Company grew its position in Euronet Worldwide by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock worth $149,000 after acquiring an additional 116 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Euronet Worldwide by 10.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock worth $157,000 after acquiring an additional 167 shares during the last quarter. Finally, World Asset Management Inc bought a new stake in Euronet Worldwide during the 2nd quarter worth $201,000. Institutional investors and hedge funds own 93.07% of the company’s stock.
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In other Euronet Worldwide news, Director Andrej Olechowski sold 10,276 shares of Euronet Worldwide stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $97.30, for a total transaction of $999,854.80. Following the transaction, the director now directly owns 14,355 shares of the company’s stock, valued at approximately $1,396,741.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Rick Weller sold 61,740 shares of Euronet Worldwide stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $97.51, for a total value of $6,020,267.40. Following the transaction, the chief financial officer now directly owns 81,221 shares in the company, valued at $7,919,859.71. The disclosure for this sale can be found here. Insiders have sold a total of 263,755 shares of company stock worth $25,892,468 over the last ninety days. Company insiders own 7.70% of the company’s stock.
Euronet Worldwide, Inc. (NASDAQ:EEFT) opened at $90.70 on Friday. The company has a market capitalization of $4,778.17, a PE ratio of 21.75, a price-to-earnings-growth ratio of 1.40 and a beta of 1.39. Euronet Worldwide, Inc. has a twelve month low of $70.51 and a twelve month high of $101.07. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.50.
Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Thursday, October 19th. The business services provider reported $1.61 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.61. The firm had revenue of $637.90 million for the quarter, compared to the consensus estimate of $595.09 million. Euronet Worldwide had a return on equity of 22.46% and a net margin of 9.63%. The business’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.35 EPS. equities analysts anticipate that Euronet Worldwide, Inc. will post 4.33 earnings per share for the current fiscal year.
A number of brokerages recently weighed in on EEFT. BidaskClub upgraded Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. Zacks Investment Research upgraded Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a research report on Tuesday, September 26th. Piper Jaffray Companies restated a “buy” rating and set a $112.00 price objective on shares of Euronet Worldwide in a research report on Sunday, October 22nd. Lake Street Capital restated a “buy” rating and set a $99.00 price objective (up previously from $96.00) on shares of Euronet Worldwide in a research report on Thursday, July 27th. Finally, Northland Securities reaffirmed a “buy” rating and set a $110.00 target price on shares of Euronet Worldwide in a report on Thursday, October 19th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $108.67.
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.
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