Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Bought by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC raised its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 148.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,652 shares of the business services provider’s stock after purchasing an additional 11,144 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Euronet Worldwide were worth $1,851,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Arizona State Retirement System boosted its holdings in Euronet Worldwide by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 12,176 shares of the business services provider’s stock valued at $1,260,000 after purchasing an additional 135 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Euronet Worldwide by 6.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider’s stock valued at $243,000 after purchasing an additional 143 shares during the last quarter. State of Michigan Retirement System lifted its holdings in shares of Euronet Worldwide by 1.9% in the 1st quarter. State of Michigan Retirement System now owns 10,717 shares of the business services provider’s stock worth $1,178,000 after acquiring an additional 200 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Euronet Worldwide by 14.7% in the 2nd quarter. Fifth Third Bancorp now owns 1,588 shares of the business services provider’s stock worth $164,000 after acquiring an additional 203 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of Euronet Worldwide by 0.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 54,289 shares of the business services provider’s stock worth $6,075,000 after acquiring an additional 215 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Euronet Worldwide

In related news, Director Thomas A. Mcdonnell bought 3,206 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average cost of $93.86 per share, with a total value of $300,915.16. Following the transaction, the director now directly owns 90,000 shares of the company’s stock, valued at approximately $8,447,400. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Juan Bianchi sold 4,000 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total transaction of $410,320.00. Following the completion of the sale, the chief executive officer now owns 12,440 shares in the company, valued at $1,276,095.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas A. Mcdonnell bought 3,206 shares of Euronet Worldwide stock in a transaction dated Monday, August 5th. The stock was purchased at an average price of $93.86 per share, with a total value of $300,915.16. Following the purchase, the director now directly owns 90,000 shares in the company, valued at approximately $8,447,400. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 10.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $125.00 price objective on shares of Euronet Worldwide in a report on Wednesday, September 4th. Monness Crespi & Hardt upped their price objective on shares of Euronet Worldwide from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Oppenheimer began coverage on shares of Euronet Worldwide in a research note on Tuesday, October 1st. They set an “outperform” rating and a $121.00 target price on the stock. DA Davidson reaffirmed a “buy” rating and set a $136.00 target price on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Finally, StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Euronet Worldwide has an average rating of “Moderate Buy” and an average price target of $125.33.

Euronet Worldwide Trading Up 1.8 %

Shares of NASDAQ:EEFT opened at $98.21 on Monday. Euronet Worldwide, Inc. has a 52 week low of $73.84 and a 52 week high of $117.66. The company’s 50 day moving average is $100.17 and its two-hundred day moving average is $104.84. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85. The company has a market cap of $4.50 billion, a PE ratio of 17.29 and a beta of 1.46.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Thursday, July 18th. The business services provider reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.21. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. The company had revenue of $986.20 million for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm posted $1.84 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities analysts predict that Euronet Worldwide, Inc. will post 7.88 earnings per share for the current fiscal year.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit and prepaid card outsourcing, card issuing, and merchant acquiring services.