Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Shaker Investments LLC OH

Shaker Investments LLC OH cut its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 43.0% during the third quarter, HoldingsChannel.com reports. The fund owned 16,347 shares of the business services provider’s stock after selling 12,351 shares during the period. Shaker Investments LLC OH’s holdings in Euronet Worldwide were worth $1,622,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new position in Euronet Worldwide during the first quarter worth $50,000. Covestor Ltd raised its holdings in shares of Euronet Worldwide by 174.9% in the 1st quarter. Covestor Ltd now owns 547 shares of the business services provider’s stock valued at $60,000 after buying an additional 348 shares during the period. Summit Securities Group LLC purchased a new stake in shares of Euronet Worldwide in the 2nd quarter valued at $57,000. GAMMA Investing LLC raised its holdings in shares of Euronet Worldwide by 69.5% in the 2nd quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock valued at $61,000 after buying an additional 241 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Euronet Worldwide in the 2nd quarter valued at $80,000. 91.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Activity at Euronet Worldwide

In related news, Director Thomas A. Mcdonnell acquired 3,206 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was bought at an average cost of $93.86 per share, with a total value of $300,915.16. Following the transaction, the director now owns 90,000 shares of the company’s stock, valued at $8,447,400. The trade was 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. In related news, Director Thomas A. Mcdonnell acquired 3,206 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was bought at an average cost of $93.86 per share, with a total value of $300,915.16. Following the transaction, the director now owns 90,000 shares of the company’s stock, valued at $8,447,400. The trade was 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 stock was sold at an average price of $102.58, for a total value of $410,320.00. Following 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 10.50% of the company’s stock.

Euronet Worldwide Stock Up 1.8 %

Shares of NASDAQ EEFT opened at $98.21 on Friday. The stock has a market cap of $4.41 billion, a PE ratio of 17.05 and a beta of 1.46. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.85. Euronet Worldwide, Inc. has a 52-week low of $73.84 and a 52-week high of $117.66. The business has a 50-day moving average price of $100.17 and a 200 day moving average price of $104.89.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.21. The firm had revenue of $986.20 million during 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 business’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.84 EPS. Equities research analysts forecast that Euronet Worldwide, Inc. will post 7.88 earnings per share for the current 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.