Euronet Worldwide, Inc. $EEFT Shares Acquired by CX Institutional

CX Institutional grew its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 10.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,453 shares of the business services provider’s stock after acquiring an additional 8,360 shares during the period. CX Institutional’s holdings in Euronet Worldwide were worth $6,327,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Johnson Financial Group Inc. purchased a new position in shares of Euronet Worldwide during the third quarter worth $26,000. Danske Bank A S purchased a new stake in Euronet Worldwide in the third quarter valued at $26,000. Geneos Wealth Management Inc. boosted its holdings in Euronet Worldwide by 48.4% in the first 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 last quarter. Kestra Advisory Services LLC acquired a new stake in Euronet Worldwide during the 4th quarter worth about $38,000. Finally, 1620 Investment Advisors Inc. grew its position in Euronet Worldwide by 123.1% during the 4th quarter. 1620 Investment Advisors Inc. now owns 589 shares of the business services provider’s stock worth $45,000 after purchasing an additional 325 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

Insiders Place Their Bets

In other Euronet Worldwide news, Director Thomas A. Mcdonnell bought 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average price of $66.87 per share, for a total transaction of $200,610.00. Following the transaction, the director directly owned 100,219 shares of the company’s stock, valued at approximately $6,701,644.53. This represents a 3.09% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 12.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EEFT shares. Weiss Ratings raised Euronet Worldwide from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. DA Davidson reaffirmed a “buy” rating and set a $102.00 target price on shares of Euronet Worldwide in a report on Friday, July 10th. Finally, Needham & Company LLC lifted their price target on Euronet Worldwide from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Three equities 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $96.00.

Euronet Worldwide Stock Up 4.7%

EEFT stock opened at $76.90 on Wednesday. The firm has a market cap of $2.93 billion, a PE ratio of 12.07, a P/E/G ratio of 0.58 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 firm’s fifty day moving average is $73.13 and its 200 day moving average is $71.58. Euronet Worldwide, Inc. has a one year low of $62.50 and a one year high of $98.52.

Euronet Worldwide (NASDAQ:EEFT) last issued 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 return on equity of 28.60% and a net margin of 6.63%.The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company posted $2.56 earnings per share. On average, research analysts forecast that Euronet Worldwide, Inc. will post 9.83 EPS for the current year.

About Euronet Worldwide

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.