Euronet Worldwide, Inc. (EEFT) Stake Lessened by Fiera Capital Corp
Fiera Capital Corp decreased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 12.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 252,623 shares of the business services provider’s stock after selling 36,844 shares during the period. Fiera Capital Corp owned about 0.48% of Euronet Worldwide worth $22,072,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Oak Ridge Investments LLC grew its holdings in shares of Euronet Worldwide by 0.5% in the second quarter. Oak Ridge Investments LLC now owns 632,977 shares of the business services provider’s stock worth $55,303,000 after purchasing an additional 3,441 shares during the last quarter. Timpani Capital Management LLC bought a new position in shares of Euronet Worldwide in the second quarter worth approximately $1,652,000. Alliancebernstein L.P. grew its holdings in shares of Euronet Worldwide by 1.2% in the second quarter. Alliancebernstein L.P. now owns 31,645 shares of the business services provider’s stock worth $2,765,000 after purchasing an additional 390 shares during the last quarter. Dillon & Associates Inc. bought a new position in shares of Euronet Worldwide in the second quarter worth approximately $963,000. Finally, Fiduciary Trust Co. bought a new position in shares of Euronet Worldwide in the second quarter worth approximately $122,000. Hedge funds and other institutional investors own 93.96% of the company’s stock.
In other Euronet Worldwide news, VP Jeffrey B. Newman sold 24,535 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $92.01, for a total value of $2,257,465.35. Following the sale, the vice president now owns 16,918 shares in the company, valued at $1,556,625.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Kevin J. Caponecchi sold 49,238 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $97.67, for a total value of $4,809,075.46. Following the completion of the sale, the chief executive officer now owns 79,096 shares in the company, valued at approximately $7,725,306.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 306,574 shares of company stock worth $29,668,269. Insiders own 7.70% of the company’s stock.
Shares of Euronet Worldwide, Inc. (NASDAQ EEFT) opened at 98.42 on Friday. The company has a market cap of $5.17 billion, a PE ratio of 31.77 and a beta of 1.36. The company has a 50-day moving average of $96.77 and a 200 day moving average of $88.55. Euronet Worldwide, Inc. has a 12-month low of $70.51 and a 12-month high of $98.83.
Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Wednesday, July 26th. The business services provider reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.01. Euronet Worldwide had a return on equity of 22.32% and a net margin of 8.23%. The company had revenue of $536.60 million for the quarter, compared to analyst estimates of $513.10 million. During the same quarter in the prior year, the firm posted $0.97 EPS. Euronet Worldwide’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, equities research analysts expect that Euronet Worldwide, Inc. will post $4.55 EPS for the current year.
Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, July 28th. 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. Lake Street Capital assumed coverage on shares of Euronet Worldwide in a report on Monday, June 26th. They issued a “buy” rating and a $96.00 target price on the stock. Finally, BidaskClub upgraded shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 6th. 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 company. Euronet Worldwide presently has an average rating of “Buy” and a consensus target price of $100.20.
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Euronet Worldwide 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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