UBS Group AG Buys 4,417 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)
UBS Group AG boosted its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 50.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,144 shares of the business services provider’s stock after buying an additional 4,417 shares during the period. UBS Group AG’s holdings in Euronet Worldwide were worth $1,124,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Intrust Bank NA purchased a new position in Euronet Worldwide during the first quarter worth about $210,000. Keybank National Association OH purchased a new position in Euronet Worldwide during the first quarter worth about $210,000. Country Club Trust Company n.a. purchased a new position in Euronet Worldwide during the first quarter worth about $217,000. Karp Capital Management Corp purchased a new position in Euronet Worldwide during the first quarter worth about $224,000. Finally, Campbell Newman Asset Management Inc. purchased a new position in Euronet Worldwide during the first quarter worth about $234,000. Hedge funds and other institutional investors own 94.41% of the company’s stock.
Euronet Worldwide, Inc. (NASDAQ:EEFT) opened at 89.86 on Tuesday. The stock has a 50 day moving average price of $86.41 and a 200 day moving average price of $81.22. The company has a market cap of $4.71 billion, a PE ratio of 28.01 and a beta of 1.33. Euronet Worldwide, Inc. has a one year low of $70.51 and a one year high of $91.68.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Tuesday, April 25th. The business services provider reported $0.73 earnings per share for the quarter, meeting the consensus estimate of $0.73. Euronet Worldwide had a net margin of 8.70% and a return on equity of 22.77%. The firm had revenue of $473.40 million for the quarter, compared to analyst estimates of $464.08 million. On average, equities analysts anticipate that Euronet Worldwide, Inc. will post $4.52 EPS for the current fiscal year.
A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Euronet Worldwide from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a report on Monday. Lake Street Capital assumed coverage on Euronet Worldwide in a report on Monday, June 26th. They set a “buy” rating and a $96.00 target price for the company. Five research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of $98.25.
In other news, CEO Juan Bianchi sold 18,126 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $88.01, for a total transaction of $1,595,269.26. Following the transaction, the chief executive officer now owns 9,534 shares in the company, valued at $839,087.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.70% of the stock is currently owned by corporate insiders.
Euronet Worldwide Company Profile
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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