Euronet Worldwide, Inc. (EEFT) Stake Decreased by Montag & Caldwell LLC
Montag & Caldwell LLC decreased its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 59.6% during the second quarter, Holdings Channel reports. The firm owned 3,401 shares of the business services provider’s stock after selling 5,020 shares during the period. Montag & Caldwell LLC’s holdings in Euronet Worldwide were worth $297,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Euronet Worldwide by 4.6% in the first quarter. Vanguard Group Inc. now owns 3,888,919 shares of the business services provider’s stock worth $332,581,000 after buying an additional 170,782 shares during the last quarter. Janus Capital Management LLC raised its position in shares of Euronet Worldwide by 15.3% in the first quarter. Janus Capital Management LLC now owns 3,361,668 shares of the business services provider’s stock worth $287,489,000 after buying an additional 445,746 shares during the last quarter. Villere ST Denis J & Co. LLC raised its position in shares of Euronet Worldwide by 96.7% in the first quarter. Villere ST Denis J & Co. LLC now owns 911,973 shares of the business services provider’s stock worth $77,991,000 after buying an additional 448,300 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of Euronet Worldwide during the first quarter worth about $71,781,000. Finally, Renaissance Technologies LLC raised its position in shares of Euronet Worldwide by 28.1% in the first quarter. Renaissance Technologies LLC now owns 836,045 shares of the business services provider’s stock worth $71,499,000 after buying an additional 183,200 shares during the last quarter. Hedge funds and other institutional investors own 94.42% of the company’s stock.
Euronet Worldwide, Inc. (EEFT) opened at 95.57 on Friday. Euronet Worldwide, Inc. has a 52 week low of $70.51 and a 52 week high of $97.77. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 30.85 and a beta of 1.34. The firm’s 50-day moving average is $91.69 and its 200-day moving average is $85.21.
Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Wednesday, July 26th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.01. Euronet Worldwide had a net margin of 8.23% and a return on equity of 22.32%. The company had revenue of $536.60 million for the quarter, compared to analysts’ expectations of $513.10 million. During the same quarter last year, the company earned $0.97 earnings per share. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, equities analysts anticipate that Euronet Worldwide, Inc. will post $4.55 earnings per share for the current year.
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EEFT has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Lake Street Capital restated a “buy” rating and set a $99.00 price target (up previously from $96.00) on shares of Euronet Worldwide in a research note on Thursday, July 27th. Finally, DA Davidson initiated coverage on shares of Euronet Worldwide in a research note on Wednesday, July 19th. They set a “buy” rating and a $105.00 price target on the stock. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Euronet Worldwide has an average rating of “Buy” and an average target price of $100.20.
In other Euronet Worldwide news, VP Jeffrey B. Newman sold 3,433 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $92.00, for a total transaction of $315,836.00. Following the sale, the vice president now owns 16,386 shares of the company’s stock, valued at $1,507,512. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael J. Brown sold 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $96.49, for a total transaction of $5,789,400.00. Following the sale, the chief executive officer now directly owns 1,605,886 shares in the company, valued at approximately $154,951,940.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 126,883 shares of company stock worth $11,968,683. 7.70% of the stock is 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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