Oppenheimer Asset Management Inc. boosted its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 6.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,653 shares of the business services provider’s stock after buying an additional 900 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Euronet Worldwide were worth $1,568,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC bought a new position in Euronet Worldwide in the 2nd quarter valued at $207,000. Hartford Investment Management Co. bought a new position in Euronet Worldwide in the 2nd quarter valued at $213,000. TD Asset Management Inc. bought a new position in Euronet Worldwide in the 2nd quarter valued at $276,000. Fox Run Management L.L.C. bought a new position in Euronet Worldwide in the 3rd quarter valued at $280,000. Finally, First American Bank bought a new position in Euronet Worldwide in the 3rd quarter valued at $311,000. 99.68% of the stock is owned by institutional investors and hedge funds.
EEFT stock opened at $111.20 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.36. The firm has a market cap of $5.67 billion, a PE ratio of 21.89, a PEG ratio of 1.59 and a beta of 1.09. Euronet Worldwide, Inc. has a fifty-two week low of $70.67 and a fifty-two week high of $120.12.
A number of research analysts have issued reports on the company. Zacks Investment Research downgraded Euronet Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. MED assumed coverage on Euronet Worldwide in a research note on Thursday, July 26th. They issued an “outperform” rating for the company. ValuEngine upgraded Euronet Worldwide from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. BidaskClub upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, October 4th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $111.00 price objective on shares of Euronet Worldwide in a research note on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company’s stock. Euronet Worldwide has an average rating of “Buy” and a consensus price target of $128.88.
In other news, CEO Michael J. Brown sold 13,413 shares of the stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $109.98, for a total transaction of $1,475,161.74. Following the completion of the transaction, the chief executive officer now owns 1,460,620 shares in the company, valued at approximately $160,638,987.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael J. Brown sold 2,551 shares of the stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $96.81, for a total value of $246,962.31. Following the transaction, the chief executive officer now owns 1,463,669 shares of the company’s stock, valued at approximately $141,697,795.89. The disclosure for this sale can be found here. Insiders have sold a total of 360,826 shares of company stock valued at $36,580,204 in the last quarter. 7.70% of the stock is owned by corporate insiders.
Euronet Worldwide Company Profile
Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.
Featured Story: Tariff
Receive News & Ratings for Euronet Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euronet Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.