Vanguard Group Inc. Has $242,945,000 Stake in Euronet Worldwide Inc. (EEFT)
Vanguard Group Inc. lowered its position in Euronet Worldwide Inc. (NASDAQ:EEFT) by 2.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,511,278 shares of the company’s stock after selling 80,689 shares during the period. Vanguard Group Inc. owned about 6.74% of Euronet Worldwide worth $242,945,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the company. Oak Ridge Investments LLC acquired a new stake in Euronet Worldwide during the second quarter worth approximately $31,130,000. Adage Capital Partners GP L.L.C. purchased a new position in shares of Euronet Worldwide during the first quarter valued at about $25,939,000. Teachers Advisors Inc. raised its position in shares of Euronet Worldwide by 247.8% in the first quarter. Teachers Advisors Inc. now owns 261,758 shares of the company’s stock valued at $19,399,000 after buying an additional 186,489 shares during the period. RS Investment Management Co. LLC raised its position in shares of Euronet Worldwide by 8.9% in the second quarter. RS Investment Management Co. LLC now owns 1,822,483 shares of the company’s stock valued at $126,098,000 after buying an additional 148,594 shares during the period. Finally, Frontier Capital Management Co. LLC raised its position in shares of Euronet Worldwide by 4.0% in the second quarter. Frontier Capital Management Co. LLC now owns 2,111,639 shares of the company’s stock valued at $146,104,000 after buying an additional 81,144 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.
Shares of Euronet Worldwide Inc. (NASDAQ:EEFT) opened at 83.09 on Friday. Euronet Worldwide Inc. has a 12 month low of $52.00 and a 12 month high of $84.43. The firm’s 50-day moving average is $80.28 and its 200 day moving average is $76.72. The company has a market capitalization of $4.33 billion, a PE ratio of 30.19 and a beta of 1.49.
Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.07. Euronet Worldwide had a net margin of 8.01% and a return on equity of 22.65%. The company earned $476.90 million during the quarter, compared to analysts’ expectations of $470.99 million. During the same period in the prior year, the company posted $0.78 earnings per share. Euronet Worldwide’s revenue for the quarter was up 12.2% compared to the same quarter last year. Equities research analysts predict that Euronet Worldwide Inc. will post $4.07 EPS for the current year.
Several equities analysts have recently issued reports on EEFT shares. Zacks Investment Research lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. SunTrust Banks Inc. started coverage on shares of Euronet Worldwide in a report on Wednesday. They issued a “buy” rating and a $98.00 price target for the company. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Euronet Worldwide has a consensus rating of “Buy” and a consensus price target of $88.14.
In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 58,573 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $75.52, for a total value of $4,423,432.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jeffrey B. Newman sold 5,772 shares of the firm’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $77.80, for a total transaction of $449,061.60. The disclosure for this sale can be found here. Insiders own 7.30% of the company’s stock.
About Euronet Worldwide
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
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