Chicago Equity Partners LLC lessened its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 44.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,145 shares of the business services provider’s stock after selling 4,140 shares during the quarter. Chicago Equity Partners LLC’s holdings in Euronet Worldwide were worth $450,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in EEFT. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Euronet Worldwide by 10.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock valued at $157,000 after buying an additional 167 shares during the period. World Asset Management Inc acquired a new position in shares of Euronet Worldwide in the second quarter valued at approximately $201,000. Capstone Asset Management Co. acquired a new position in shares of Euronet Worldwide in the second quarter valued at approximately $206,000. Keybank National Association OH acquired a new position in shares of Euronet Worldwide in the first quarter valued at approximately $210,000. Finally, Karp Capital Management Corp acquired a new position in shares of Euronet Worldwide in the first quarter valued at approximately $224,000. Institutional investors own 93.96% of the company’s stock.
In related 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 completion of the sale, the vice president now owns 16,386 shares of the company’s stock, valued at approximately $1,507,512. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Rick Weller sold 76,563 shares of Euronet Worldwide stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $97.51, for a total transaction of $7,465,658.13. Following the completion of the sale, the chief financial officer now directly owns 81,221 shares of the company’s stock, valued at approximately $7,919,859.71. The disclosure for this sale can be found here. In the last three months, insiders sold 257,336 shares of company stock valued at $24,859,194. 7.70% of the stock is currently owned by insiders.
Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) opened at 98.14 on Wednesday. Euronet Worldwide, Inc. has a 12 month low of $70.51 and a 12 month high of $98.55. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 31.68 and a beta of 1.36. The stock has a 50 day moving average of $96.33 and a 200-day moving average of $88.30.
Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Wednesday, July 26th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.01. Euronet Worldwide had a net margin of 8.23% and a return on equity of 22.32%. The business had revenue of $536.60 million during the quarter, compared to the consensus estimate of $513.10 million. During the same quarter last year, the firm posted $0.97 EPS. Euronet Worldwide’s revenue was up 12.5% compared to the same quarter last year. On average, analysts forecast that Euronet Worldwide, Inc. will post $4.55 EPS for the current year.
EEFT has been the topic of a number of research reports. Lake Street Capital reissued a “buy” rating and issued a $99.00 price objective (up previously from $96.00) on shares of Euronet Worldwide in a research report on Thursday, July 27th. DA Davidson initiated coverage on shares of Euronet Worldwide in a research report on Wednesday, July 19th. They issued a “buy” rating and a $105.00 price objective on the stock. Zacks Investment Research raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research report on Monday, July 17th. Finally, BidaskClub raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. One investment 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 stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $100.20.
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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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