Fox Run Management L.L.C. acquired a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) in the third quarter, HoldingsChannel.com reports. The fund acquired 2,792 shares of the business services provider’s stock, valued at approximately $280,000.

A number of other institutional investors have also recently made changes to their positions in the business. United Services Automobile Association grew its stake in Euronet Worldwide by 73.5% in the second quarter. United Services Automobile Association now owns 84,482 shares of the business services provider’s stock valued at $7,077,000 after acquiring an additional 35,790 shares during the period. Public Employees Retirement System of Ohio grew its stake in Euronet Worldwide by 43.4% in the second quarter. Public Employees Retirement System of Ohio now owns 215,417 shares of the business services provider’s stock valued at $18,045,000 after acquiring an additional 65,196 shares during the period. California Public Employees Retirement System boosted its position in shares of Euronet Worldwide by 22.4% during the second quarter. California Public Employees Retirement System now owns 127,582 shares of the business services provider’s stock valued at $10,688,000 after buying an additional 23,314 shares during the last quarter. Granahan Investment Management Inc. MA boosted its position in shares of Euronet Worldwide by 88.8% during the second quarter. Granahan Investment Management Inc. MA now owns 76,615 shares of the business services provider’s stock valued at $6,418,000 after buying an additional 36,033 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in shares of Euronet Worldwide during the second quarter valued at approximately $3,786,000. 99.44% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:EEFT opened at $112.86 on Friday. The company has a market cap of $5.11 billion, a P/E ratio of 25.91, a P/E/G ratio of 1.46 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 1.18. Euronet Worldwide, Inc. has a 12-month low of $70.67 and a 12-month high of $120.12.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Tuesday, July 24th. The business services provider reported $1.32 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.32. Euronet Worldwide had a return on equity of 21.71% and a net margin of 6.11%. The company had revenue of $622.20 million for the quarter, compared to analysts’ expectations of $618.93 million. During the same quarter in the previous year, the firm earned $1.09 earnings per share. Euronet Worldwide’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, research analysts predict that Euronet Worldwide, Inc. will post 5.15 earnings per share for the current fiscal year.

In other Euronet Worldwide news, VP Jeffrey B. Newman sold 5,000 shares of the business’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $97.26, for a total value of $486,300.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael J. Brown sold 25,000 shares of the business’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $94.21, for a total value of $2,355,250.00. Following the completion of the transaction, the chief executive officer now directly owns 1,486,118 shares in the company, valued at approximately $140,007,176.78. The disclosure for this sale can be found here. In the last three months, insiders sold 297,413 shares of company stock worth $29,047,292. Insiders own 7.40% of the company’s stock.

Several brokerages recently issued reports on EEFT. BidaskClub raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday, October 4th. DA Davidson lifted their target price on Euronet Worldwide from $114.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 4th. SunTrust Banks lifted their target price on Euronet Worldwide to $155.00 and gave the company a “buy” rating in a research report on Wednesday, October 3rd. ValuEngine raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $150.00 target price on shares of Euronet Worldwide in a research report on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $126.78.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.

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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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