Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Bought by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC grew its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 13.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,005 shares of the business services provider’s stock after purchasing an additional 2,631 shares during the period. Wedge Capital Management L L P NC’s holdings in Euronet Worldwide were worth $2,184,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in Euronet Worldwide during the fourth quarter worth approximately $388,000. CWM LLC lifted its position in shares of Euronet Worldwide by 38.8% during the 1st quarter. CWM LLC now owns 991 shares of the business services provider’s stock valued at $109,000 after acquiring an additional 277 shares during the last quarter. Cooper Financial Group bought a new stake in shares of Euronet Worldwide during the 1st quarter worth $621,000. FCF Advisors LLC grew its holdings in shares of Euronet Worldwide by 7.8% in the 1st quarter. FCF Advisors LLC now owns 8,436 shares of the business services provider’s stock worth $927,000 after acquiring an additional 613 shares during the last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of Euronet Worldwide during the first quarter worth $588,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Stock Performance

Shares of NASDAQ EEFT opened at $99.07 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.19 and a quick ratio of 1.19. Euronet Worldwide, Inc. has a one year low of $74.73 and a one year high of $117.66. The business’s 50-day moving average price is $100.40 and its two-hundred day moving average price is $104.69. The company has a market capitalization of $4.54 billion, a P/E ratio of 17.44 and a beta of 1.46.

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

Analysts Set New Price Targets

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

Insiders Place Their Bets

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

About Euronet Worldwide

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.