Chicago Equity Partners LLC increased its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 187.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,780 shares of the business services provider’s stock after buying an additional 9,635 shares during the period. Chicago Equity Partners LLC’s holdings in Euronet Worldwide were worth $1,401,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Bristlecone Advisors LLC purchased a new stake in shares of Euronet Worldwide in the 3rd quarter worth approximately $113,000. Fiduciary Trust Co. purchased a new stake in shares of Euronet Worldwide in the 2nd quarter worth approximately $122,000. The Manufacturers Life Insurance Company grew its stake in shares of Euronet Worldwide by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock worth $149,000 after buying an additional 116 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Euronet Worldwide by 10.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock worth $157,000 after buying an additional 167 shares during the last quarter. Finally, World Asset Management Inc bought a new position in Euronet Worldwide in the 2nd quarter valued at approximately $201,000. Institutional investors own 93.34% of the company’s stock.
Euronet Worldwide, Inc. (NASDAQ EEFT) opened at $90.50 on Tuesday. The stock has a market capitalization of $4,778.17, a P/E ratio of 21.75, a P/E/G ratio of 1.40 and a beta of 1.39. Euronet Worldwide, Inc. has a 12-month low of $70.51 and a 12-month high of $101.07. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 1.44.
Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Thursday, October 19th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.61. The business had revenue of $637.90 million for the quarter, compared to analysts’ expectations of $595.09 million. Euronet Worldwide had a return on equity of 22.46% and a net margin of 9.63%. The firm’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.35 EPS. equities analysts anticipate that Euronet Worldwide, Inc. will post 4.33 earnings per share for the current fiscal year.
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In other news, CEO Michael J. Brown sold 2,400 shares of the stock in a transaction on Friday, October 20th. The stock was sold at an average price of $100.00, for a total transaction of $240,000.00. Following the transaction, the chief executive officer now directly owns 1,603,486 shares of the company’s stock, valued at approximately $160,348,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael J. Brown sold 63,538 shares of the stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $100.06, for a total value of $6,357,612.28. Following the transaction, the chief executive officer now directly owns 1,603,486 shares in the company, valued at $160,444,809.16. The disclosure for this sale can be found here. Insiders have sold a total of 263,755 shares of company stock worth $25,892,468 over the last three months. Insiders own 7.70% of the company’s stock.
Several equities analysts recently issued reports on EEFT shares. Zacks Investment Research raised 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. DA Davidson started coverage on Euronet Worldwide in a research report on Wednesday, July 19th. They issued a “buy” rating and a $105.00 price objective on the stock. Lake Street Capital reaffirmed a “buy” rating and issued a $99.00 price objective (up from $96.00) on shares of Euronet Worldwide in a research report on Thursday, July 27th. BidaskClub raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research report on Friday, October 6th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Euronet Worldwide has a consensus rating of “Buy” and an average target price of $108.67.
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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