Fox Run Management L.L.C. purchased a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,792 shares of the business services provider’s stock, valued at approximately $280,000.
Several other hedge funds have also recently made changes to their positions in EEFT. Wasatch Advisors Inc. boosted its stake in shares of Euronet Worldwide by 154.3% during the second quarter. Wasatch Advisors Inc. now owns 2,835,150 shares of the business services provider’s stock valued at $237,501,000 after purchasing an additional 1,720,465 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Euronet Worldwide by 7.5% during the second quarter. Janus Henderson Group PLC now owns 3,777,040 shares of the business services provider’s stock valued at $316,403,000 after purchasing an additional 264,170 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Euronet Worldwide during the first quarter valued at about $20,693,000. Jupiter Asset Management Ltd. acquired a new stake in shares of Euronet Worldwide during the second quarter valued at about $10,137,000. Finally, Perpetual Ltd acquired a new stake in shares of Euronet Worldwide during the second quarter valued at about $9,599,000. 99.44% of the stock is currently owned by hedge funds and other institutional investors.
Get Euronet Worldwide alerts:A number of analysts have recently commented on EEFT shares. ValuEngine raised Euronet Worldwide from a “sell” rating to a “hold” rating in a research note on Monday, June 18th. BidaskClub raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, June 22nd. Zacks Investment Research lowered Euronet Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. Needham & Company LLC raised their price objective on Euronet Worldwide from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, July 26th. Finally, MED began coverage on Euronet Worldwide in a research report on Thursday, July 26th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $126.78.
Shares of EEFT opened at $112.86 on Friday. Euronet Worldwide, Inc. has a 1 year low of $70.67 and a 1 year high of $120.12. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.36. The stock has a market cap of $5.11 billion, a PE ratio of 25.91, a P/E/G ratio of 1.46 and a beta of 1.42.
Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Tuesday, July 24th. The business services provider reported $1.32 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.32. Euronet Worldwide had a return on equity of 21.71% and a net margin of 6.11%. The company had revenue of $622.20 million during the quarter, compared to the consensus estimate of $618.93 million. During the same period last year, the company earned $1.09 earnings per share. The firm’s revenue was up 16.0% compared to the same quarter last year. On average, research analysts anticipate that Euronet Worldwide, Inc. will post 5.15 EPS for the current fiscal year.
In other Euronet Worldwide news, CEO Michael J. Brown sold 25,000 shares of Euronet Worldwide stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $94.21, for a total value of $2,355,250.00. Following the completion of the sale, the chief executive officer now directly owns 1,486,118 shares in the company, valued at $140,007,176.78. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Rick Weller sold 57,458 shares of Euronet Worldwide stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $96.62, for a total value of $5,551,591.96. Following the completion of the sale, the chief financial officer now owns 92,951 shares of the company’s stock, valued at $8,980,925.62. The disclosure for this sale can be found here. Insiders have sold 297,413 shares of company stock valued at $29,047,292 over the last 90 days. 7.40% of the stock is owned by corporate insiders.
Euronet Worldwide Company Profile
Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.
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