Montag & Caldwell LLC Raises Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Montag & Caldwell LLC lifted its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 66.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,000 shares of the business services provider’s stock after buying an additional 2,790 shares during the period. Montag & Caldwell LLC’s holdings in Euronet Worldwide were worth $724,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in shares of Euronet Worldwide by 17.7% in the second quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider’s stock worth $78,172,000 after buying an additional 113,685 shares during the period. Thompson Siegel & Walmsley LLC boosted its position in shares of Euronet Worldwide by 3.8% in the second quarter. Thompson Siegel & Walmsley LLC now owns 153,053 shares of the business services provider’s stock worth $15,841,000 after buying an additional 5,562 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of Euronet Worldwide by 15.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 6,521 shares of the business services provider’s stock worth $675,000 after buying an additional 862 shares during the period. Federated Hermes Inc. boosted its holdings in Euronet Worldwide by 21.5% in the second quarter. Federated Hermes Inc. now owns 9,241 shares of the business services provider’s stock valued at $956,000 after purchasing an additional 1,635 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Euronet Worldwide by 20.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,921 shares of the business services provider’s stock valued at $205,000 after purchasing an additional 325 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EEFT. Monness Crespi & Hardt increased their price target on Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Citigroup increased their price target on Euronet Worldwide from $120.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price target on shares of Euronet Worldwide in a report on Wednesday, September 4th. Finally, StockNews.com cut 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $124.11.

Euronet Worldwide Stock Up 2.1 %

EEFT opened at $98.98 on Monday. Euronet Worldwide, Inc. has a 12 month low of $73.84 and a 12 month high of $117.66. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market cap of $4.54 billion, a P/E ratio of 17.43 and a beta of 1.46. The stock’s 50 day moving average price is $101.50 and its 200 day moving average price is $106.37.

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

Insider Buying and Selling at Euronet Worldwide

In other news, Director Thomas A. Mcdonnell purchased 3,206 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was purchased at an average cost of $93.86 per share, with a total value of $300,915.16. Following the purchase, the director now owns 90,000 shares in the company, valued at approximately $8,447,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Juan Bianchi sold 4,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was 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 directly owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas A. Mcdonnell acquired 3,206 shares of Euronet Worldwide stock in a transaction dated Monday, August 5th. The shares were bought at an average cost of $93.86 per share, with a total value of $300,915.16. Following the completion of the purchase, the director now owns 90,000 shares in the company, valued at $8,447,400. The disclosure for this purchase can be found here. 10.50% of the stock is currently owned by corporate insiders.

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.