Sei Investments Co. increased its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 14.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,903 shares of the business services provider’s stock after buying an additional 14,635 shares during the period. Sei Investments Co. owned 0.22% of Euronet Worldwide worth $11,175,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Parametric Portfolio Associates LLC grew its holdings in Euronet Worldwide by 3.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 64,547 shares of the business services provider’s stock worth $5,639,000 after acquiring an additional 2,361 shares in the last quarter. BB&T Securities LLC grew its holdings in Euronet Worldwide by 3.8% during the 2nd quarter. BB&T Securities LLC now owns 10,162 shares of the business services provider’s stock worth $887,000 after acquiring an additional 370 shares in the last quarter. Timpani Capital Management LLC bought a new position in Euronet Worldwide during the 2nd quarter worth about $1,652,000. Renaissance Group LLC grew its holdings in Euronet Worldwide by 0.9% during the 2nd quarter. Renaissance Group LLC now owns 3,864 shares of the business services provider’s stock worth $338,000 after acquiring an additional 36 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Euronet Worldwide by 100.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 23,146 shares of the business services provider’s stock worth $2,023,000 after acquiring an additional 11,606 shares in the last quarter. 93.34% of the stock is currently owned by institutional investors.
Shares of Euronet Worldwide, Inc. (NASDAQ EEFT) opened at $88.90 on Friday. Euronet Worldwide, Inc. has a 1-year low of $70.51 and a 1-year high of $101.07. The firm has a market cap of $4,683.34, a PE ratio of 21.32, a PEG ratio of 1.37 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 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.61. Euronet Worldwide had a net margin of 9.63% and a return on equity of 22.46%. The business had revenue of $637.90 million for the quarter, compared to analysts’ expectations of $595.09 million. During the same period last year, the business earned $1.35 EPS. The company’s revenue was up 21.7% compared to the same quarter last year. sell-side analysts predict that Euronet Worldwide, Inc. will post 4.33 earnings per share for the current fiscal year.
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In related news, CEO Michael J. Brown sold 2,400 shares of Euronet Worldwide stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $100.00, for a total value of $240,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,603,486 shares in the company, valued at approximately $160,348,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael J. Brown sold 63,538 shares of Euronet Worldwide stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $100.06, for a total transaction of $6,357,612.28. Following the completion of the sale, the chief executive officer now owns 1,603,486 shares of the company’s stock, valued at $160,444,809.16. The disclosure for this sale can be found here. Insiders sold a total of 263,755 shares of company stock valued at $25,892,468 over the last quarter. 7.70% of the stock is owned by company insiders.
EEFT has been the topic of several recent research reports. Zacks Investment Research cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $120.00 target price on shares of Euronet Worldwide in a report on Friday, October 6th. Northland Securities reiterated a “buy” rating and set a $110.00 target price on shares of Euronet Worldwide in a report on Thursday, October 19th. Piper Jaffray Companies reiterated a “buy” rating and set a $112.00 target price on shares of Euronet Worldwide in a report on Sunday, October 22nd. Finally, Lake Street Capital restated a “buy” rating and issued a $99.00 price target (up from $96.00) on shares of Euronet Worldwide in a report on Thursday, July 27th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Euronet Worldwide presently has an average 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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