Euronet Worldwide, Inc. (EEFT) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. raised its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 6.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 251,081 shares of the business services provider’s stock after buying an additional 14,550 shares during the period. Schwab Charles Investment Management Inc. owned about 0.45% of Euronet Worldwide worth $21,937,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. World Asset Management Inc acquired a new stake in Euronet Worldwide in the 2nd quarter worth about $201,000. Capstone Asset Management Co. acquired a new stake in Euronet Worldwide in the 2nd quarter worth about $206,000. Keybank National Association OH acquired a new stake in Euronet Worldwide in the 1st quarter worth about $210,000. Karp Capital Management Corp acquired a new stake in Euronet Worldwide in the 1st quarter worth about $224,000. Finally, Aperio Group LLC boosted its holdings in Euronet Worldwide by 11.6% in the 2nd quarter. Aperio Group LLC now owns 2,920 shares of the business services provider’s stock worth $255,000 after buying an additional 304 shares during the last quarter. Institutional investors own 93.90% of the company’s stock.

In other news, VP Jeffrey B. Newman sold 3,433 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $92.00, for a total transaction of $315,836.00. Following the completion of the transaction, the vice president now directly owns 16,386 shares of the company’s stock, valued at approximately $1,507,512. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kevin J. Caponecchi sold 49,238 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $97.67, for a total transaction of $4,809,075.46. Following the transaction, the chief executive officer now directly owns 79,096 shares of the company’s stock, valued at $7,725,306.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 306,574 shares of company stock valued at $29,668,269. 7.70% of the stock is currently owned by corporate insiders.

Euronet Worldwide, Inc. (NASDAQ EEFT) opened at 99.03 on Tuesday. The firm has a market capitalization of $5.20 billion, a PE ratio of 31.97 and a beta of 1.36. Euronet Worldwide, Inc. has a one year low of $70.51 and a one year high of $99.53. The stock’s 50 day moving average price is $96.96 and its 200 day moving average price is $88.86.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Wednesday, July 26th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $536.60 million during the quarter, compared to analysts’ expectations of $513.10 million. During the same period last year, the company posted $0.97 earnings per share. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. Analysts expect that Euronet Worldwide, Inc. will post $4.55 EPS for the current year.

Several equities research analysts recently issued reports on EEFT shares. 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 report on Thursday, July 27th. DA Davidson started coverage on Euronet Worldwide in a report on Wednesday, July 19th. They issued a “buy” rating and a $105.00 price objective on the stock. Zacks Investment Research upgraded Euronet Worldwide from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a report on Monday, July 17th. Finally, BidaskClub upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $100.20.

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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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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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