Ameriprise Financial Inc. Sells 98,801 Shares of Euronet Worldwide, Inc. (EEFT)
Ameriprise Financial Inc. lessened its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 13.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 646,708 shares of the business services provider’s stock after selling 98,801 shares during the quarter. Ameriprise Financial Inc. owned 1.23% of Euronet Worldwide worth $61,300,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of EEFT. Bristlecone Advisors LLC acquired a new stake in Euronet Worldwide during the 3rd quarter worth $113,000. Fiduciary Trust Co. acquired a new stake in Euronet Worldwide during the 2nd quarter worth $122,000. The Manufacturers Life Insurance Company raised its stake in Euronet Worldwide by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock worth $149,000 after buying an additional 116 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Euronet Worldwide by 10.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock worth $157,000 after buying an additional 167 shares during the period. Finally, Pitcairn Co. acquired a new stake in Euronet Worldwide during the 3rd quarter worth $200,000. 95.36% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have issued reports on the company. Piper Jaffray Companies reissued a “buy” rating and issued a $112.00 price target on shares of Euronet Worldwide in a research note on Sunday, October 22nd. Zacks Investment Research raised Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a research note on Tuesday, September 26th. SunTrust Banks reissued a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a research note on Friday, October 6th. BidaskClub raised Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. Finally, Northland Securities reissued a “buy” rating and issued a $110.00 price target on shares of Euronet Worldwide in a research note on Thursday, October 19th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Euronet Worldwide currently has an average rating of “Buy” and a consensus target price of $108.67.
Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) opened at $91.45 on Wednesday. Euronet Worldwide, Inc. has a 12 month low of $70.51 and a 12 month high of $101.07. The stock has a market capitalization of $4,797.13, a PE ratio of 21.84, a price-to-earnings-growth ratio of 1.40 and a beta of 1.39. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50.
Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Thursday, October 19th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.61. Euronet Worldwide had a return on equity of 22.46% and a net margin of 9.63%. The firm had revenue of $637.90 million for the quarter, compared to the consensus estimate of $595.09 million. During the same quarter last year, the business posted $1.35 EPS. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. equities research analysts forecast that Euronet Worldwide, Inc. will post 4.33 earnings per share for the current fiscal year.
In other news, CFO Rick Weller sold 76,563 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $97.51, for a total value of $7,465,658.13. Following the completion of the transaction, the chief financial officer now owns 81,221 shares in the company, valued at approximately $7,919,859.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the director now owns 14,355 shares of the company’s stock, valued at approximately $1,396,741.50. The disclosure for this sale can be found here. Insiders sold a total of 202,015 shares of company stock worth $19,872,201 in the last three months. Company insiders own 7.70% of the company’s stock.
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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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