Nationwide Fund Advisors boosted its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 3.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 289,789 shares of the business services provider’s stock after acquiring an additional 8,870 shares during the period. Nationwide Fund Advisors owned 0.55% of Euronet Worldwide worth $27,469,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Euronet Worldwide by 1.8% during the second quarter. Vanguard Group Inc. now owns 3,958,608 shares of the business services provider’s stock valued at $345,863,000 after acquiring an additional 69,689 shares in the last quarter. Janus Henderson Group PLC purchased a new position in Euronet Worldwide during the second quarter valued at $329,644,000. FMR LLC grew its stake in Euronet Worldwide by 4.1% during the second quarter. FMR LLC now owns 3,536,948 shares of the business services provider’s stock valued at $309,023,000 after acquiring an additional 138,659 shares in the last quarter. Victory Capital Management Inc. grew its stake in Euronet Worldwide by 3.9% during the second quarter. Victory Capital Management Inc. now owns 2,683,263 shares of the business services provider’s stock valued at $234,437,000 after acquiring an additional 100,544 shares in the last quarter. Finally, Frontier Capital Management Co. LLC grew its stake in Euronet Worldwide by 0.5% during the second quarter. Frontier Capital Management Co. LLC now owns 2,198,881 shares of the business services provider’s stock valued at $192,116,000 after acquiring an additional 10,750 shares in the last quarter. 93.86% of the stock is owned by institutional investors.
Several equities analysts recently weighed in on the stock. Northland Securities reaffirmed a “buy” rating and set a $110.00 target price on shares of Euronet Worldwide in a research note on Thursday, October 19th. Piper Jaffray Companies reiterated a “buy” rating and set a $112.00 price objective on shares of Euronet Worldwide in a research report on Sunday, October 22nd. BidaskClub upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a research report on Tuesday, September 26th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a research report on Friday, October 6th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Euronet Worldwide currently has a consensus rating of “Buy” and a consensus target price of $108.67.
Euronet Worldwide, Inc. (NASDAQ:EEFT) opened at $91.06 on Friday. Euronet Worldwide, Inc. has a 12-month low of $70.51 and a 12-month high of $101.07. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.44 and a current ratio of 1.48. The company has a market cap of $4,797.13, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 1.40 and a beta of 1.39.
Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Thursday, October 19th. The business services provider reported $1.61 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.61. Euronet Worldwide had a net margin of 9.63% and a return on equity of 22.46%. The business had revenue of $637.90 million during the quarter, compared to analyst estimates of $595.09 million. During the same quarter last year, the business earned $1.35 earnings per share. Euronet Worldwide’s quarterly revenue was up 21.7% compared to the same quarter last year. equities research analysts forecast that Euronet Worldwide, Inc. will post 4.33 EPS for the current fiscal year.
In other news, Director Andrej Olechowski sold 10,276 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $97.30, for a total value of $999,854.80. Following the completion of the sale, the director now owns 14,355 shares in the company, valued at approximately $1,396,741.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Rick Weller sold 61,740 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $97.51, for a total transaction of $6,020,267.40. Following the completion of the sale, the chief financial officer now owns 81,221 shares of the company’s stock, valued at approximately $7,919,859.71. The disclosure for this sale can be found here. Insiders have sold 263,755 shares of company stock valued at $25,892,468 in the last quarter. 7.70% of the stock is owned by company insiders.
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About Euronet Worldwide
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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