King Luther Capital Management Corp cut its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 4.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,875 shares of the business services provider’s stock after selling 1,410 shares during the period. King Luther Capital Management Corp’s holdings in Euronet Worldwide were worth $3,395,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of EEFT. Glen Harbor Capital Management LLC increased its holdings in shares of Euronet Worldwide by 89.9% during the second quarter. Glen Harbor Capital Management LLC now owns 27,440 shares of the business services provider’s stock valued at $2,299,000 after purchasing an additional 12,992 shares during the period. Boston Partners acquired a new position in shares of Euronet Worldwide during the second quarter valued at $3,036,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Euronet Worldwide during the second quarter valued at $3,786,000. Coe Capital Management LLC increased its holdings in shares of Euronet Worldwide by 38.4% during the second quarter. Coe Capital Management LLC now owns 12,135 shares of the business services provider’s stock valued at $1,017,000 after purchasing an additional 3,365 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of Euronet Worldwide by 31.9% during the third quarter. Bank of Montreal Can now owns 37,264 shares of the business services provider’s stock valued at $3,734,000 after purchasing an additional 9,022 shares during the period.

A number of research analysts have recently commented on the company. Zacks Investment Research lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday. Citigroup assumed coverage on Euronet Worldwide in a report on Tuesday, October 9th. They set a “buy” rating and a $135.00 price target on the stock. BidaskClub raised Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. Piper Jaffray Companies raised their price target on Euronet Worldwide from $111.00 to $141.00 and gave the company an “overweight” rating in a report on Monday, October 1st. Finally, SunTrust Banks raised their price target on Euronet Worldwide to $130.00 and gave the company a “buy” rating in a report on Wednesday, September 12th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Euronet Worldwide has an average rating of “Buy” and an average price target of $128.88.

In related news, CFO Rick Weller sold 40,000 shares of Euronet Worldwide stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $120.31, for a total transaction of $4,812,400.00. Following the transaction, the chief financial officer now directly owns 33,944 shares of the company’s stock, valued at $4,083,802.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Kevin J. Caponecchi sold 50,922 shares of Euronet Worldwide stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $119.53, for a total value of $6,086,706.66. Following the transaction, the chief executive officer now directly owns 97,774 shares in the company, valued at $11,686,926.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 395,129 shares of company stock worth $44,319,156. 7.70% of the stock is owned by corporate insiders.

NASDAQ:EEFT opened at $111.34 on Friday. The stock has a market cap of $5.82 billion, a P/E ratio of 25.71, a PEG ratio of 1.61 and a beta of 1.06. Euronet Worldwide, Inc. has a 52-week low of $70.67 and a 52-week high of $121.93. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.55.

Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Thursday, October 18th. The business services provider reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.05. The firm had revenue of $714.50 million for the quarter, compared to analyst estimates of $709.33 million. Euronet Worldwide had a return on equity of 24.13% and a net margin of 6.02%. Sell-side analysts anticipate that Euronet Worldwide, Inc. will post 5.25 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was first posted by Daily Political and is the property of of Daily Political. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.dailypolitical.com/2018/12/08/king-luther-capital-management-corp-has-3-40-million-holdings-in-euronet-worldwide-inc-eeft.html.

Euronet Worldwide 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.

Read More: What strategies should day traders use to execute a trade?

Want to see what other hedge funds are holding EEFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Euronet Worldwide, Inc. (NASDAQ:EEFT).

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

Receive News & Ratings for Euronet Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euronet Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.