Euronet Worldwide, Inc. (EEFT) Holdings Raised by Los Angeles Capital Management & Equity Research Inc.
Los Angeles Capital Management & Equity Research Inc. raised its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 309,248 shares of the business services provider’s stock after purchasing an additional 6,000 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned 0.59% of Euronet Worldwide worth $29,314,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Janus Henderson Group PLC acquired a new stake in shares of Euronet Worldwide in the second quarter worth approximately $329,644,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Euronet Worldwide by 625.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 172,746 shares of the business services provider’s stock worth $15,093,000 after buying an additional 148,946 shares during the last quarter. FMR LLC increased its stake in shares of Euronet Worldwide by 4.1% in the second quarter. FMR LLC now owns 3,536,948 shares of the business services provider’s stock worth $309,023,000 after buying an additional 138,659 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Euronet Worldwide by 20.6% in the second quarter. Ameriprise Financial Inc. now owns 745,509 shares of the business services provider’s stock worth $65,132,000 after buying an additional 127,556 shares during the last quarter. Finally, Boston Advisors LLC bought a new stake in shares of Euronet Worldwide in the second quarter worth $10,961,000. 93.34% of the stock is currently owned by institutional investors.
EEFT has been the subject of a number of research analyst reports. Piper Jaffray Companies restated a “buy” rating and issued a $112.00 price target on shares of Euronet Worldwide in a research note on Sunday, October 22nd. Zacks Investment Research upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 price target for the company in a research note on Tuesday, September 26th. SunTrust Banks, Inc. restated a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a research note on Friday, October 6th. BidaskClub raised shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Euronet Worldwide in a report on Thursday, October 19th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Euronet Worldwide has a consensus rating of “Buy” and an average price target of $108.67.
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In other news, CEO Michael J. Brown sold 63,538 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $100.06, for a total transaction of $6,357,612.28. Following the completion of the transaction, the chief executive officer now owns 1,603,486 shares of the company’s stock, valued at $160,444,809.16. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Andrej Olechowski sold 10,276 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $97.30, for a total transaction of $999,854.80. Following the transaction, the director now directly owns 14,355 shares of the company’s stock, valued at approximately $1,396,741.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 263,755 shares of company stock valued at $25,892,468. 7.70% of the stock is currently owned by corporate insiders.
Euronet Worldwide, Inc. (NASDAQ:EEFT) traded down $1.51 during trading on Wednesday, reaching $88.99. 584,300 shares of the company’s stock were exchanged, compared to its average volume of 300,292. The firm has a market capitalization of $4,767.63, a P/E ratio of 21.70, a PEG ratio of 1.39 and a beta of 1.39. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.50. Euronet Worldwide, Inc. has a 1 year low of $70.51 and a 1 year high of $101.07.
Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Thursday, October 19th. The business services provider reported $1.61 EPS for the quarter, hitting analysts’ consensus estimates of $1.61. The firm had revenue of $637.90 million during the quarter, compared to the consensus estimate of $595.09 million. Euronet Worldwide had a net margin of 9.63% and a return on equity of 22.46%. The firm’s revenue was up 21.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.35 earnings per share. research analysts predict that Euronet Worldwide, Inc. will post 4.33 EPS for the current year.
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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