Sei Investments Co. boosted its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 14.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 117,903 shares of the business services provider’s stock after acquiring 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.
Other hedge funds also recently modified their holdings of the company. Legal & General Group Plc lifted its stake in Euronet Worldwide by 189.9% in the 1st quarter. Legal & General Group Plc now owns 19,304 shares of the business services provider’s stock valued at $1,651,000 after buying an additional 12,645 shares in the last quarter. State Street Corp raised its holdings in Euronet Worldwide by 2.5% in the 1st quarter. State Street Corp now owns 658,381 shares of the business services provider’s stock valued at $56,306,000 after acquiring an additional 15,843 shares during the last quarter. Capstone Asset Management Co. acquired a new stake in shares of Euronet Worldwide during the 2nd quarter worth $206,000. Aperio Group LLC increased its holdings in shares of Euronet Worldwide by 11.6% during the 2nd quarter. Aperio Group LLC now owns 2,920 shares of the business services provider’s stock worth $255,000 after buying an additional 304 shares during the last quarter. Finally, US Bancorp DE increased its holdings in shares of Euronet Worldwide by 5.9% during the 2nd quarter. US Bancorp DE now owns 19,468 shares of the business services provider’s stock worth $1,701,000 after buying an additional 1,091 shares during the last quarter. Hedge funds and other institutional investors own 95.39% of the company’s stock.
In related news, CEO Kevin J. Caponecchi sold 49,238 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $97.67, for a total transaction of $4,809,075.46. Following the sale, the chief executive officer now owns 79,096 shares in the company, valued at $7,725,306.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael J. Brown sold 63,538 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were 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 in the company, valued at approximately $160,444,809.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 125,452 shares of company stock worth $12,406,543. 7.70% of the stock is owned by company insiders.
A number of brokerages recently weighed in on EEFT. Piper Jaffray Companies reaffirmed a “buy” rating and set a $112.00 price target on shares of Euronet Worldwide in a research report on Sunday, October 22nd. Zacks Investment Research cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. SunTrust Banks reaffirmed a “buy” rating and set a $120.00 price target on shares of Euronet Worldwide in a research report on Friday, October 6th. BidaskClub raised shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 6th. Finally, Northland Securities reaffirmed a “buy” rating and set a $110.00 price target on shares of Euronet Worldwide in a research report on Thursday, October 19th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $108.67.
Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) traded down $0.08 during mid-day trading on Monday, hitting $90.97. 425,721 shares of the stock traded hands, compared to its average volume of 305,987. The company has a market capitalization of $4,796.61, a PE ratio of 21.83, a price-to-earnings-growth ratio of 1.40 and a beta of 1.36. Euronet Worldwide, Inc. has a twelve month low of $70.51 and a twelve month high of $101.07. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50.
Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Thursday, October 19th. The business services provider reported $1.61 earnings per share for the quarter, hitting the consensus estimate of $1.61. The firm had revenue of $637.90 million for the quarter, compared to analyst estimates of $595.09 million. Euronet Worldwide had a net margin of 9.63% and a return on equity of 22.46%. Euronet Worldwide’s quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.35 earnings per share. equities research analysts expect that Euronet Worldwide, Inc. will post 4.33 earnings per share for the current fiscal year.
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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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