Loomis Sayles & Co. L P Sells 7,566 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Loomis Sayles & Co. L P trimmed its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 387,620 shares of the business services provider’s stock after selling 7,566 shares during the period. Loomis Sayles & Co. L P’s holdings in Euronet Worldwide were worth $38,464,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Summit Securities Group LLC purchased a new stake in Euronet Worldwide in the second quarter worth about $57,000. GAMMA Investing LLC lifted its holdings in Euronet Worldwide by 69.5% during the second quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 241 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of Euronet Worldwide in the second quarter worth approximately $80,000. Mendota Financial Group LLC purchased a new stake in shares of Euronet Worldwide in the third quarter worth $100,000. Finally, Headlands Technologies LLC lifted its stake in shares of Euronet Worldwide by 131.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,064 shares of the business services provider’s stock valued at $110,000 after buying an additional 605 shares in the last quarter. 91.60% of the stock is owned by institutional investors.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $102.58, for a total value of $410,320.00. Following the completion of the sale, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at $1,276,095.20. The trade was a 24.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

EEFT has been the topic of a number of recent analyst reports. Needham & Company LLC decreased their price target on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Oppenheimer increased their price objective on shares of Euronet Worldwide from $121.00 to $135.00 and gave the company an “outperform” rating in a report on Monday. DA Davidson reissued a “buy” rating and issued a $136.00 target price on shares of Euronet Worldwide in a report on Tuesday, October 8th. StockNews.com raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $127.13.

Euronet Worldwide Stock Up 1.0 %

Shares of EEFT opened at $106.61 on Tuesday. Euronet Worldwide, Inc. has a 52-week low of $86.26 and a 52-week high of $117.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The business has a fifty day moving average of $99.99 and a 200 day moving average of $103.70. The company has a market cap of $4.68 billion, a PE ratio of 15.41 and a beta of 1.46.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.11. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.04 billion. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. During the same quarter last year, the firm earned $2.53 earnings per share. On average, sell-side analysts expect that Euronet Worldwide, Inc. will post 7.87 EPS for the current year.

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.