Euronet Worldwide Inc. (EEFT) Position Boosted by Checchi Capital Advisers LLC
Checchi Capital Advisers LLC increased its position in shares of Euronet Worldwide Inc. (NASDAQ:EEFT) by 1,179.0% during the second quarter, Holdings Channel reports. The fund owned 1,586 shares of the company’s stock after buying an additional 1,462 shares during the period. Checchi Capital Advisers LLC’s holdings in Euronet Worldwide were worth $110,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of EEFT. BB&T Securities LLC increased its stake in Euronet Worldwide by 7.0% in the first quarter. BB&T Securities LLC now owns 15,229 shares of the company’s stock worth $1,128,000 after buying an additional 997 shares in the last quarter. BlackRock Inc. increased its stake in Euronet Worldwide by 50.0% in the first quarter. BlackRock Inc. now owns 3,464 shares of the company’s stock worth $257,000 after buying an additional 1,154 shares in the last quarter. Legal & General Group Plc increased its stake in Euronet Worldwide by 15.6% in the first quarter. Legal & General Group Plc now owns 12,205 shares of the company’s stock worth $903,000 after buying an additional 1,645 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Euronet Worldwide during the second quarter worth $214,000. Finally, OLD National Bancorp IN acquired a new stake in Euronet Worldwide during the first quarter worth $251,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.
Euronet Worldwide Inc. (NASDAQ:EEFT) traded down 0.95% during trading on Friday, reaching $78.21. 322,986 shares of the company’s stock traded hands. Euronet Worldwide Inc. has a one year low of $52.00 and a one year high of $82.49. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 28.42 and a beta of 1.43. The company has a 50 day moving average of $77.64 and a 200 day moving average of $75.11.
Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.07. The firm earned $476.90 million during the quarter, compared to the consensus estimate of $470.99 million. Euronet Worldwide had a return on equity of 22.65% and a net margin of 8.01%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 earnings per share. Equities research analysts predict that Euronet Worldwide Inc. will post $4.07 EPS for the current year.
A number of research firms have recently weighed in on EEFT. Monness Crespi & Hardt downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a research report on Friday, June 10th. Wells Fargo & Co. reissued a “buy” rating on shares of Euronet Worldwide in a research report on Thursday, May 26th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $85.00.
In related news, VP Jeffrey B. Newman sold 5,772 shares of Euronet Worldwide stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $77.80, for a total value of $449,061.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kevin J. Caponecchi sold 58,573 shares of Euronet Worldwide stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $75.52, for a total value of $4,423,432.96. The disclosure for this sale can be found here. 7.30% of the stock is owned by corporate insiders.
Euronet Worldwide Company Profile
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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