NGAM Advisors L.P. Raises Position in Euronet Worldwide, Inc. (EEFT)
NGAM Advisors L.P. increased its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.3% during the second quarter, Holdings Channel reports. The institutional investor owned 29,932 shares of the business services provider’s stock after buying an additional 95 shares during the period. NGAM Advisors L.P.’s holdings in Euronet Worldwide were worth $2,616,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in EEFT. Guggenheim Capital LLC acquired a new stake in Euronet Worldwide during the fourth quarter worth $939,000. Bank of Montreal Can increased its stake in Euronet Worldwide by 55.5% in the first quarter. Bank of Montreal Can now owns 50,659 shares of the business services provider’s stock worth $4,332,000 after buying an additional 18,089 shares during the period. Campbell Newman Asset Management Inc. acquired a new stake in Euronet Worldwide during the first quarter worth $234,000. Fox Run Management L.L.C. acquired a new stake in Euronet Worldwide during the first quarter worth $282,000. Finally, Capital Impact Advisors LLC increased its stake in Euronet Worldwide by 63.4% in the first quarter. Capital Impact Advisors LLC now owns 18,461 shares of the business services provider’s stock worth $1,579,000 after buying an additional 7,162 shares during the period. Institutional investors own 94.42% of the company’s stock.
Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) opened at 95.57 on Friday. The stock has a 50 day moving average of $91.69 and a 200-day moving average of $85.21. Euronet Worldwide, Inc. has a 12-month low of $70.51 and a 12-month high of $97.77. The company has a market capitalization of $5.02 billion, a P/E ratio of 30.85 and a beta of 1.34.
Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Wednesday, July 26th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.01. Euronet Worldwide had a net margin of 8.23% and a return on equity of 22.32%. The firm had revenue of $536.60 million during the quarter, compared to analysts’ expectations of $513.10 million. During the same period last year, the business earned $0.97 earnings per share. Euronet Worldwide’s revenue was up 12.5% compared to the same quarter last year. Equities research analysts forecast that Euronet Worldwide, Inc. will post $4.55 EPS for the current year.
A number of analysts have recently weighed in on the stock. BidaskClub upgraded shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 6th. Zacks Investment Research downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Lake Street Capital restated a “buy” rating and issued a $99.00 target price (up from $96.00) on shares of Euronet Worldwide in a report on Thursday, July 27th. Finally, DA Davidson assumed coverage on shares of Euronet Worldwide in a report on Wednesday, July 19th. They issued a “buy” rating and a $105.00 target price on the stock. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $100.20.
In other Euronet Worldwide news, CEO Michael J. Brown sold 60,000 shares of Euronet Worldwide stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $96.49, for a total transaction of $5,789,400.00. Following the completion of the sale, the chief executive officer now directly owns 1,605,886 shares in the company, valued at $154,951,940.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Juan Bianchi sold 18,126 shares of Euronet Worldwide 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 sale, the chief executive officer now owns 9,534 shares of the company’s stock, valued at $839,087.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 126,883 shares of company stock valued at $11,968,683. 7.70% of the stock is owned by company insiders.
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.
Want to see what other hedge funds are holding EEFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Euronet Worldwide, Inc. (NASDAQ:EEFT).
Receive News & Ratings for Euronet Worldwide Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euronet Worldwide Inc. and related companies with MarketBeat.com's FREE daily email newsletter.