Rice Hall James & Associates LLC acquired a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 247,689 shares of the business services provider’s stock, valued at approximately $18,128,000. Rice Hall James & Associates LLC owned approximately 0.65% of Euronet Worldwide as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in EEFT. Johnson Financial Group Inc. bought a new stake in Euronet Worldwide during the 3rd quarter worth approximately $26,000. Danske Bank A S bought a new position in shares of Euronet Worldwide in the third quarter worth approximately $26,000. Geneos Wealth Management Inc. boosted its position in shares of Euronet Worldwide by 48.4% in the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after purchasing an additional 109 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of Euronet Worldwide during the 4th quarter valued at $38,000. Finally, 1620 Investment Advisors Inc. raised its position in shares of Euronet Worldwide by 123.1% during the 4th quarter. 1620 Investment Advisors Inc. now owns 589 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 325 shares during the period. 91.60% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on EEFT. Needham & Company LLC upped their target price on shares of Euronet Worldwide from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. DA Davidson reissued a “buy” rating and set a $102.00 price target on shares of Euronet Worldwide in a report on Friday, July 10th. Finally, Weiss Ratings downgraded Euronet Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $96.00.
Euronet Worldwide Stock Performance
EEFT opened at $70.55 on Tuesday. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 0.59 and a beta of 0.82. The company has a fifty day moving average of $73.50 and a 200 day moving average of $71.47. Euronet Worldwide, Inc. has a fifty-two week low of $62.50 and a fifty-two week high of $98.52. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.37 and a current ratio of 1.37.
Euronet Worldwide (NASDAQ:EEFT – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The business services provider reported $2.82 EPS for the quarter, missing the consensus estimate of $2.93 by ($0.11). Euronet Worldwide had a return on equity of 28.60% and a net margin of 6.63%.During the same quarter in the previous year, the firm posted $2.56 earnings per share. The company’s revenue was up 3.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Euronet Worldwide, Inc. will post 9.55 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Thomas A. Mcdonnell bought 3,000 shares of Euronet Worldwide stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average cost of $66.87 per share, with a total value of $200,610.00. Following the completion of the acquisition, the director owned 100,219 shares of the company’s stock, valued at $6,701,644.53. This trade represents a 3.09% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.19% of the company’s stock.
Euronet Worldwide Company Profile
Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.
In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.
Featured Articles
- Five stocks we like better than Euronet Worldwide
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
Want to see what other hedge funds are holding EEFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Euronet Worldwide, Inc. (NASDAQ:EEFT – Free Report).
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.
