Comerica Bank Has $2.37 Million Stake in Euronet Worldwide, Inc. (EEFT)
Comerica Bank decreased its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 18.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,615 shares of the business services provider’s stock after selling 5,660 shares during the period. Comerica Bank’s holdings in Euronet Worldwide were worth $2,366,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of EEFT. Bristlecone Advisors LLC acquired a new stake in Euronet Worldwide in the 3rd quarter valued at about $113,000. Fiduciary Trust Co. acquired a new stake in Euronet Worldwide in the 2nd quarter valued at about $122,000. The Manufacturers Life Insurance Company lifted its stake in Euronet Worldwide by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 116 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Euronet Worldwide by 10.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock valued at $157,000 after purchasing an additional 167 shares during the last quarter. Finally, Pitcairn Co. acquired a new stake in Euronet Worldwide in the 3rd quarter valued at about $200,000. Institutional investors and hedge funds own 95.36% of the company’s stock.
Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) opened at $91.03 on Thursday. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.50. The stock has a market cap of $4,817.68, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 1.41 and a beta of 1.39. Euronet Worldwide, Inc. has a 1 year low of $70.51 and a 1 year high of $101.07.
Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Thursday, October 19th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate 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 business’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period last year, the business posted $1.35 earnings per share. sell-side analysts anticipate that Euronet Worldwide, Inc. will post 4.33 EPS for the current fiscal year.
In other news, CEO Michael J. Brown sold 2,400 shares of Euronet Worldwide stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $100.00, for a total value of $240,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,603,486 shares in the company, valued at $160,348,600. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Andrej Olechowski sold 10,276 shares of Euronet Worldwide stock in a transaction that occurred 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 completion of the sale, the director now owns 14,355 shares of the company’s stock, valued at $1,396,741.50. The disclosure for this sale can be found here. Insiders have sold 125,452 shares of company stock valued at $12,406,543 over the last 90 days. Company insiders own 7.70% of the company’s stock.
Several equities research analysts have issued reports on EEFT shares. Piper Jaffray Companies restated a “buy” rating and set a $112.00 price objective on shares of Euronet Worldwide in a research report on Sunday, October 22nd. Zacks Investment Research downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. SunTrust Banks restated a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a research report on Friday, October 6th. BidaskClub upgraded shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 6th. Finally, Northland Securities restated a “buy” rating and set a $110.00 price objective on shares of Euronet Worldwide in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Euronet Worldwide currently has a consensus rating of “Buy” and an average price target of $108.67.
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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