Euronet Worldwide, Inc. (EEFT) Holdings Cut by Oppenheimer & Co. Inc.
Oppenheimer & Co. Inc. cut its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 85.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,000 shares of the business services provider’s stock after selling 18,008 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Euronet Worldwide were worth $262,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Euronet Worldwide by 10.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock valued at $157,000 after buying an additional 167 shares during the period. World Asset Management Inc acquired a new position in Euronet Worldwide in the second quarter valued at approximately $201,000. Capstone Asset Management Co. acquired a new position in Euronet Worldwide in the second quarter valued at approximately $206,000. Keybank National Association OH acquired a new position in Euronet Worldwide in the first quarter valued at approximately $210,000. Finally, Karp Capital Management Corp acquired a new position in Euronet Worldwide in the first quarter valued at approximately $224,000. 93.90% of the stock is currently owned by hedge funds and other institutional investors.
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In other news, VP Jeffrey B. Newman sold 3,433 shares of Euronet Worldwide stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $92.00, for a total value of $315,836.00. Following the sale, the vice president now directly owns 16,386 shares in the company, valued at approximately $1,507,512. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Rick Weller sold 76,563 shares of Euronet Worldwide stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $97.51, for a total value of $7,465,658.13. Following the completion of the sale, the chief financial officer now owns 81,221 shares in the company, valued at $7,919,859.71. The disclosure for this sale can be found here. Over the last quarter, insiders sold 306,574 shares of company stock worth $29,668,269. Corporate insiders own 7.70% of the company’s stock.
Euronet Worldwide, Inc. (EEFT) opened at 98.02 on Wednesday. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 31.64 and a beta of 1.36. Euronet Worldwide, Inc. has a 12 month low of $70.51 and a 12 month high of $99.53. The stock’s 50 day moving average price is $97.00 and its 200-day moving average price is $88.97.
Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Wednesday, July 26th. The business services provider reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.01. The firm had revenue of $536.60 million for the quarter, compared to analyst estimates of $513.10 million. Euronet Worldwide had a return on equity of 22.32% and a net margin of 8.23%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $0.97 EPS. Equities analysts anticipate that Euronet Worldwide, Inc. will post $4.55 EPS for the current fiscal year.
Several equities analysts have issued reports on EEFT shares. Lake Street Capital started coverage on Euronet Worldwide in a research note on Monday, June 26th. They issued a “buy” rating and a $96.00 price target on the stock. Zacks Investment Research lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. DA Davidson started coverage on Euronet Worldwide in a research note on Wednesday, July 19th. They issued a “buy” rating and a $105.00 price target on the stock. Finally, BidaskClub raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $100.20.
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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