Financial Counselors Inc. cut its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,321 shares of the business services provider’s stock after selling 50 shares during the period. Financial Counselors Inc.’s holdings in Euronet Worldwide were worth $203,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Fiduciary Trust Co. bought a new position in shares of Euronet Worldwide in the second quarter worth about $122,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake 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 worth $157,000 after purchasing an additional 167 shares during the period. World Asset Management Inc bought a new position in shares of Euronet Worldwide in the second quarter worth about $201,000. Capstone Asset Management Co. bought a new position in shares of Euronet Worldwide in the second quarter worth about $206,000. Finally, Keybank National Association OH bought a new position in shares of Euronet Worldwide in the first quarter worth about $210,000. Institutional investors and hedge funds own 93.96% of the company’s stock.
Euronet Worldwide, Inc. (EEFT) opened at 98.68 on Friday. Euronet Worldwide, Inc. has a 1-year low of $70.51 and a 1-year high of $99.04. The stock has a 50 day moving average price of $96.86 and a 200-day moving average price of $88.66. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 31.85 and a beta of 1.36.
Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Wednesday, July 26th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.01. The firm had revenue of $536.60 million during 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%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the business posted $0.97 earnings per share. Equities analysts predict that Euronet Worldwide, Inc. will post $4.55 earnings per share for the current year.
In other Euronet Worldwide news, VP Jeffrey B. Newman sold 24,535 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $92.01, for a total transaction of $2,257,465.35. Following the completion of the sale, the vice president now directly owns 16,918 shares in the company, valued at $1,556,625.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jeffrey B. Newman sold 3,433 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $92.00, for a total transaction of $315,836.00. Following the sale, the vice president now owns 16,386 shares of the company’s stock, valued at $1,507,512. The disclosure for this sale can be found here. Insiders have sold 306,574 shares of company stock valued at $29,668,269 over the last 90 days. Company insiders own 7.70% of the company’s stock.
A number of research firms have recently commented on EEFT. Lake Street Capital reiterated a “buy” rating and issued a $99.00 price objective (up from $96.00) on shares of Euronet Worldwide in a research note on Thursday, July 27th. BidaskClub upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, DA Davidson began coverage on Euronet Worldwide in a research note on Wednesday, July 19th. They issued a “buy” rating and a $105.00 price objective on the stock. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $100.20.
Euronet Worldwide 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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