Euronet Worldwide, Inc. (EEFT) Shares Sold by Rafferty Asset Management LLC

Rafferty Asset Management LLC reduced its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 10.2% during the third quarter, according to its most recent filing with the SEC. The fund owned 11,590 shares of the business services provider’s stock after selling 1,310 shares during the quarter. Rafferty Asset Management LLC’s holdings in Euronet Worldwide were worth $1,162,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. SRS Capital Advisors Inc. purchased a new position in shares of Euronet Worldwide in the 3rd quarter worth about $133,000. Parametrica Management Ltd purchased a new position in shares of Euronet Worldwide in the 3rd quarter worth about $211,000. Engineers Gate Manager LP purchased a new position in shares of Euronet Worldwide in the 3rd quarter worth about $217,000. Keybank National Association OH purchased a new position in shares of Euronet Worldwide in the 3rd quarter worth about $236,000. Finally, Financial Counselors Inc. purchased a new stake in Euronet Worldwide during the third quarter valued at about $238,000.

In other news, VP Jeffrey B. Newman sold 5,000 shares of the company’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $97.26, for a total transaction of $486,300.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael J. Brown sold 2,610 shares of the company’s stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $110.11, for a total value of $287,387.10. Following the sale, the chief executive officer now owns 1,454,817 shares in the company, valued at $160,189,899.87. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 272,690 shares of company stock worth $29,546,219. Company insiders own 7.70% of the company’s stock.

Several research firms have commented on EEFT. BidaskClub raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Thursday, October 4th. DA Davidson upped their price objective on shares of Euronet Worldwide from $114.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 4th. SunTrust Banks upped their price objective on shares of Euronet Worldwide to $155.00 and gave the company a “buy” rating in a report on Wednesday, October 3rd. Wells Fargo & Co reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Euronet Worldwide in a report on Tuesday, October 2nd. Finally, ValuEngine raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Euronet Worldwide currently has a consensus rating of “Buy” and an average target price of $128.88.

NASDAQ EEFT opened at $117.61 on Friday. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 1.69 and a beta of 1.09. Euronet Worldwide, Inc. has a 52 week low of $70.67 and a 52 week high of $121.64. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.55.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Thursday, October 18th. The business services provider reported $2.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.04 by $0.05. Euronet Worldwide had a return on equity of 24.13% and a net margin of 6.02%. The firm had revenue of $714.50 million for the quarter, compared to analysts’ expectations of $709.33 million. On average, analysts anticipate that Euronet Worldwide, Inc. will post 5.25 earnings per share for the current fiscal year.

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About Euronet Worldwide

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.

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

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