Glenmede Trust Co. NA Trims Holdings in Euronet Worldwide, Inc. $EEFT

Glenmede Trust Co. NA decreased its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 8.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,722 shares of the business services provider’s stock after selling 12,116 shares during the period. Glenmede Trust Co. NA owned 0.36% of Euronet Worldwide worth $9,207,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EEFT. Goldman Sachs Group Inc. raised its holdings in shares of Euronet Worldwide by 17.0% during the first quarter. Goldman Sachs Group Inc. now owns 628,384 shares of the business services provider’s stock valued at $67,143,000 after acquiring an additional 91,348 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Euronet Worldwide by 4.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 121,475 shares of the business services provider’s stock worth $12,980,000 after acquiring an additional 5,009 shares during the period. Focus Partners Wealth bought a new stake in Euronet Worldwide in the first quarter valued at $202,000. Geneos Wealth Management Inc. increased its position in Euronet Worldwide by 48.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 109 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in Euronet Worldwide by 422.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,631 shares of the business services provider’s stock valued at $165,000 after purchasing an additional 1,319 shares during the period. 91.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Euronet Worldwide

In other news, Director Thomas A. Mcdonnell acquired 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was bought at an average price of $66.87 per share, with a total value of $200,610.00. Following the completion of the acquisition, the director directly owned 100,219 shares of the company’s stock, valued at approximately $6,701,644.53. The trade was a 3.09% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.19% of the stock is owned by insiders.

Euronet Worldwide Stock Performance

Shares of EEFT stock opened at $73.47 on Tuesday. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 0.56 and a beta of 0.82. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.28 and a current ratio of 1.37. The company’s 50-day moving average is $72.94 and its 200 day moving average is $71.56. Euronet Worldwide, Inc. has a one year low of $62.50 and a one year high of $98.52.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Thursday, July 30th. The business services provider reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.11). Euronet Worldwide had a net margin of 6.63% and a return on equity of 28.60%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company posted $2.56 EPS. Euronet Worldwide’s revenue was up 3.2% on a year-over-year basis. Sell-side analysts expect that Euronet Worldwide, Inc. will post 9.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on EEFT shares. DA Davidson restated a “buy” rating and issued a $102.00 price objective on shares of Euronet Worldwide in a report on Friday, July 10th. Needham & Company LLC boosted their price target on shares of Euronet Worldwide from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings raised shares of Euronet Worldwide from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $96.00.

Euronet Worldwide Profile

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.