OneDigital Investment Advisors LLC Buys New Position in Euronet Worldwide, Inc. $EEFT

OneDigital Investment Advisors LLC bought a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 8,980 shares of the business services provider’s stock, valued at approximately $657,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of EEFT. Bank of New York Mellon Corp acquired a new stake in shares of Euronet Worldwide during the second quarter worth about $18,344,000. State of Wyoming purchased a new stake in Euronet Worldwide during the 2nd quarter worth approximately $73,000. Oppenheimer Asset Management Inc. acquired a new stake in Euronet Worldwide during the 2nd quarter worth approximately $866,000. Walleye Trading LLC acquired a new stake in Euronet Worldwide during the 2nd quarter worth approximately $1,068,000. Finally, Wedge Capital Management L L P NC boosted its position in Euronet Worldwide by 42.9% in the 2nd quarter. Wedge Capital Management L L P NC now owns 53,878 shares of the business services provider’s stock valued at $3,943,000 after buying an additional 16,169 shares during the period. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, Director Thomas A. Mcdonnell bought 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased 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 $6,701,644.53. This represents a 3.09% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.19% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on EEFT shares. DA Davidson restated a “buy” rating and issued a $102.00 price target on shares of Euronet Worldwide in a research note on Friday, July 10th. Weiss Ratings lowered Euronet Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Finally, Needham & Company LLC boosted their target price on Euronet Worldwide from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $96.00.

Euronet Worldwide Stock Down 1.9%

Shares of Euronet Worldwide stock opened at $69.21 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.47. Euronet Worldwide, Inc. has a 52-week low of $62.50 and a 52-week high of $98.52. The company has a market capitalization of $2.64 billion, a P/E ratio of 10.87, a P/E/G ratio of 0.59 and a beta of 0.82. The company has a 50 day moving average of $73.57 and a 200 day moving average of $71.45.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Thursday, July 30th. The business services provider reported $2.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.11). Euronet Worldwide had a net margin of 6.63% and a return on equity of 28.60%. During the same quarter last year, the business earned $2.56 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, research analysts forecast that Euronet Worldwide, Inc. will post 9.55 EPS for the current fiscal year.

Euronet Worldwide Company 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.