Schwab Charles Investment Management Inc. increased its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 289,447 shares of the business services provider’s stock after acquiring an additional 19,623 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.55% of Euronet Worldwide worth $24,392,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Bristlecone Advisors LLC acquired a new position in Euronet Worldwide in the third quarter valued at about $113,000. The Manufacturers Life Insurance Company lifted its stake in Euronet Worldwide by 7.3% in the second 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. Turner Investments LLC acquired a new position in Euronet Worldwide in the third quarter valued at about $174,000. Pitcairn Co. acquired a new position in Euronet Worldwide in the third quarter valued at about $200,000. Finally, Keybank National Association OH acquired a new position in Euronet Worldwide in the third quarter valued at about $242,000. 95.62% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have weighed in on EEFT. Piper Jaffray Companies reissued a “buy” rating and issued a $112.00 target price on shares of Euronet Worldwide in a research note on Sunday, October 22nd. Zacks Investment Research lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. BidaskClub raised Euronet Worldwide from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. DA Davidson increased their target price on Euronet Worldwide to $118.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, William Blair lowered Euronet Worldwide from an “outperform” rating to a “market perform” rating in a research note on Monday, December 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $111.71.
Euronet Worldwide, Inc. (NASDAQ EEFT) opened at $83.68 on Friday. The firm has a market capitalization of $4,369.89, a PE ratio of 19.25, a price-to-earnings-growth ratio of 1.11 and a beta of 1.43. 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, Inc. has a one year low of $76.26 and a one year high of $101.07.
Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.01. The company had revenue of $604.60 million for the quarter, compared to analyst estimates of $609.53 million. Euronet Worldwide had a return on equity of 22.41% and a net margin of 6.97%. Euronet Worldwide’s revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 earnings per share. equities research analysts expect that Euronet Worldwide, Inc. will post 5 EPS for the current fiscal year.
In other news, CFO Rick Weller sold 12,400 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $92.01, for a total transaction of $1,140,924.00. Following the sale, the chief financial officer now owns 80,285 shares of the company’s stock, valued at $7,387,022.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Michael J. Brown sold 20,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $79.63, for a total value of $1,592,600.00. Following the sale, the chief executive officer now directly owns 1,502,348 shares in the company, valued at approximately $119,631,971.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 68,297 shares of company stock worth $6,020,604. 7.70% of the stock is currently owned by insiders.
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Euronet Worldwide Company 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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