NGAM Advisors L.P. boosted its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 29,932 shares of the business services provider’s stock after buying an additional 95 shares during the period. NGAM Advisors L.P. owned approximately 0.06% of Euronet Worldwide worth $2,616,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EEFT. Boston Advisors LLC purchased a new position in Euronet Worldwide during the second quarter valued at $10,961,000. Russell Investments Group Ltd. boosted its position in Euronet Worldwide by 100.6% in the second quarter. Russell Investments Group Ltd. now owns 23,146 shares of the business services provider’s stock valued at $2,023,000 after buying an additional 11,606 shares during the last quarter. US Bancorp DE boosted its position in Euronet Worldwide by 5.9% in the second quarter. US Bancorp DE now owns 19,468 shares of the business services provider’s stock valued at $1,701,000 after buying an additional 1,091 shares during the last quarter. Van Berkom & Associates Inc. boosted its position in Euronet Worldwide by 0.4% in the second quarter. Van Berkom & Associates Inc. now owns 788,262 shares of the business services provider’s stock valued at $68,870,000 after buying an additional 3,010 shares during the last quarter. Finally, Aperio Group LLC boosted its position in Euronet Worldwide by 11.6% in the second quarter. Aperio Group LLC now owns 2,920 shares of the business services provider’s stock valued at $255,000 after buying an additional 304 shares during the last quarter. 94.42% of the stock is currently owned by hedge funds and other institutional investors.
Euronet Worldwide, Inc. (EEFT) opened at 95.57 on Friday. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 30.85 and a beta of 1.34. Euronet Worldwide, Inc. has a 12 month low of $70.51 and a 12 month high of $97.77. The company has a 50-day moving average of $91.69 and a 200 day moving average of $85.21.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, July 26th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.01. The company had revenue of $536.60 million for the quarter, compared to the consensus estimate of $513.10 million. Euronet Worldwide had a net margin of 8.23% and a return on equity of 22.32%. Euronet Worldwide’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 EPS. On average, equities research analysts anticipate that Euronet Worldwide, Inc. will post $4.55 earnings per share for the current fiscal year.
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Several research firms have recently weighed in on EEFT. BidaskClub raised shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 6th. Zacks Investment Research cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Lake Street Capital reaffirmed a “buy” rating and issued a $99.00 price target (up previously from $96.00) on shares of Euronet Worldwide in a report on Thursday, July 27th. Finally, DA Davidson began coverage on shares of Euronet Worldwide in a report on Wednesday, July 19th. They issued a “buy” rating and a $105.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $100.20.
In other Euronet Worldwide news, VP Jeffrey B. Newman sold 3,433 shares of Euronet Worldwide stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $92.00, for a total value of $315,836.00. Following the sale, the vice president now directly owns 16,386 shares in the company, valued at approximately $1,507,512. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Nikos Fountas sold 20,789 shares of Euronet Worldwide stock in a transaction on Monday, August 7th. The shares were sold at an average price of $96.72, for a total transaction of $2,010,712.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 126,883 shares of company stock worth $11,968,683. 7.70% of the stock is currently owned by insiders.
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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