Euronet Worldwide, Inc. (EEFT) Position Boosted by Russell Investments Group Ltd.
Russell Investments Group Ltd. boosted its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 474.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,907 shares of the business services provider’s stock after acquiring an additional 109,761 shares during the period. Russell Investments Group Ltd. owned 0.25% of Euronet Worldwide worth $12,599,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Bristlecone Advisors LLC purchased a new position in Euronet Worldwide during the third quarter valued at approximately $113,000. Fiduciary Trust Co. purchased a new position in Euronet Worldwide during the second quarter valued at approximately $122,000. The Manufacturers Life Insurance Company grew its stake in Euronet Worldwide by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock valued at $149,000 after acquiring an additional 116 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Euronet Worldwide by 10.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 167 shares in the last quarter. Finally, Pitcairn Co. purchased a new position in Euronet Worldwide during the third quarter valued at approximately $200,000. 95.36% of the stock is owned by institutional investors.
Several brokerages recently commented on EEFT. Piper Jaffray Companies reaffirmed a “buy” rating and set a $112.00 price objective on shares of Euronet Worldwide in a research note on Sunday, October 22nd. Zacks Investment Research cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. SunTrust Banks reaffirmed a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a research note 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 reiterated a “buy” rating and set a $110.00 target price 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 assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $108.67.
Shares of Euronet Worldwide, Inc. (NASDAQ EEFT) opened at $91.05 on Friday. Euronet Worldwide, Inc. has a 1 year low of $70.51 and a 1 year high of $101.07. The stock has a market cap of $4,796.60, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 1.40 and a beta of 1.37. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.44 and a current ratio of 1.48.
Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Thursday, October 19th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.61. Euronet Worldwide had a net margin of 9.63% and a return on equity of 22.46%. The business had revenue of $637.90 million during the quarter, compared to analyst estimates of $595.09 million. During the same period in the previous year, the business posted $1.35 earnings per share. Euronet Worldwide’s revenue for the quarter was up 21.7% on a year-over-year basis. equities research analysts anticipate that Euronet Worldwide, Inc. will post 4.33 EPS for the current year.
In other Euronet Worldwide news, 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 directly owns 14,355 shares in the company, valued at $1,396,741.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Kevin J. Caponecchi sold 49,238 shares of Euronet Worldwide stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $97.67, for a total transaction of $4,809,075.46. Following the sale, the chief executive officer now owns 79,096 shares of the company’s stock, valued at $7,725,306.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 125,452 shares of company stock valued at $12,406,543. 7.70% of the stock is currently owned by company insiders.
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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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