FMR LLC lowered its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 4.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 3,398,289 shares of the business services provider’s stock after selling 159,220 shares during the period. FMR LLC owned approximately 6.48% of Euronet Worldwide worth $290,622,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Bank of Montreal Can boosted its position in shares of Euronet Worldwide by 55.5% in the first quarter. Bank of Montreal Can now owns 50,659 shares of the business services provider’s stock worth $4,332,000 after buying an additional 18,089 shares in the last quarter. Guggenheim Capital LLC bought a new stake in Euronet Worldwide during the fourth quarter worth approximately $939,000. State Board of Administration of Florida Retirement System raised its stake in shares of Euronet Worldwide by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 52,892 shares of the business services provider’s stock valued at $3,831,000 after buying an additional 161 shares in the last quarter. Norges Bank acquired a new stake in shares of Euronet Worldwide during the fourth quarter valued at about $28,977,000. Finally, Janus Capital Management LLC increased its position in Euronet Worldwide by 2.5% in the fourth quarter. Janus Capital Management LLC now owns 2,915,922 shares of the business services provider’s stock valued at $211,200,000 after buying an additional 70,087 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.
Euronet Worldwide, Inc. (NASDAQ:EEFT) traded up 0.08% during midday trading on Tuesday, reaching $87.95. The company’s stock had a trading volume of 58,319 shares. The firm has a 50 day moving average price of $85.78 and a 200-day moving average price of $80.49. Euronet Worldwide, Inc. has a 12-month low of $65.33 and a 12-month high of $90.23. The company has a market cap of $4.61 billion, a P/E ratio of 27.42 and a beta of 1.25.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Tuesday, April 25th. The business services provider reported $0.73 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73. Euronet Worldwide had a return on equity of 22.77% and a net margin of 8.70%. The firm had revenue of $473.40 million during the quarter, compared to analyst estimates of $464.08 million. On average, equities research analysts predict that Euronet Worldwide, Inc. will post $4.53 earnings per share for the current fiscal year.
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A number of equities analysts recently weighed in on EEFT shares. Zacks Investment Research raised Euronet Worldwide from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a report on Tuesday, April 11th. Evercore ISI reaffirmed a “buy” rating on shares of Euronet Worldwide in a research note on Tuesday, March 14th.
In other Euronet Worldwide news, CEO Juan Bianchi sold 18,126 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $88.01, for a total transaction of $1,595,269.26. Following the completion of the sale, the chief executive officer now directly owns 9,534 shares in the company, valued at approximately $839,087.34. The transaction was disclosed in a document filed with the SEC, which is available through this link. 7.70% of the stock is currently owned by insiders.
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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