Wells Fargo & Company MN decreased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,243,335 shares of the business services provider’s stock after selling 136,171 shares during the quarter. Wells Fargo & Company MN’s holdings in Euronet Worldwide were worth $189,046,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Victory Capital Management Inc. raised its position in Euronet Worldwide by 12.1% in the fourth quarter. Victory Capital Management Inc. now owns 2,712,984 shares of the business services provider’s stock valued at $228,623,000 after purchasing an additional 292,777 shares during the period. Wasatch Advisors Inc. raised its position in Euronet Worldwide by 14.5% in the fourth quarter. Wasatch Advisors Inc. now owns 874,298 shares of the business services provider’s stock valued at $73,677,000 after purchasing an additional 111,033 shares during the period. Dimensional Fund Advisors LP raised its position in Euronet Worldwide by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 472,823 shares of the business services provider’s stock valued at $44,817,000 after purchasing an additional 7,343 shares during the period. Hahn Capital Management LLC raised its position in Euronet Worldwide by 1.0% in the third quarter. Hahn Capital Management LLC now owns 422,884 shares of the business services provider’s stock valued at $40,085,000 after purchasing an additional 4,024 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. raised its position in Euronet Worldwide by 2.0% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 309,248 shares of the business services provider’s stock valued at $29,314,000 after purchasing an additional 6,000 shares during the period. 95.62% of the stock is currently owned by institutional investors.
A number of analysts have issued reports on the company. Piper Jaffray Companies reissued a “buy” rating and issued a $112.00 target price on shares of Euronet Worldwide in a research report on Sunday, October 22nd. Zacks Investment Research lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. BidaskClub raised Euronet Worldwide from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. DA Davidson boosted their target price on Euronet Worldwide to $118.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Finally, William Blair lowered Euronet Worldwide from an “outperform” rating to a “market perform” rating in a research report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Euronet Worldwide has an average rating of “Buy” and a consensus target price of $111.71.
Euronet Worldwide, Inc. (NASDAQ EEFT) opened at $83.68 on Friday. The company has a market cap of $4,408.35, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 1.12 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 1.44. Euronet Worldwide, Inc. has a 12 month low of $76.26 and a 12 month high of $101.07.
Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.01. The business had revenue of $604.60 million during the quarter, compared to the consensus estimate of $609.53 million. Euronet Worldwide had a net margin of 6.97% and a return on equity of 22.41%. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 earnings per share. sell-side analysts forecast that Euronet Worldwide, Inc. will post 5 EPS for the current year.
In other Euronet Worldwide news, CEO Michael J. Brown sold 20,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $79.63, for a total value of $1,592,600.00. Following the completion of the transaction, the chief executive officer now owns 1,502,348 shares in the company, valued at $119,631,971.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Nikos Fountas sold 296 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $92.00, for a total transaction of $27,232.00. Following the completion of the transaction, the chief executive officer now owns 550 shares of the company’s stock, valued at approximately $50,600. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,297 shares of company stock valued at $6,020,604. Insiders own 7.70% of the company’s stock.
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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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