DekaBank Deutsche Girozentrale Boosts Stake in Euronet Worldwide, Inc. (EEFT)
DekaBank Deutsche Girozentrale lifted its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 85.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,772 shares of the business services provider’s stock after acquiring an additional 1,274 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Euronet Worldwide were worth $269,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of EEFT. Bristlecone Advisors LLC bought a new position in shares of Euronet Worldwide during the 3rd quarter worth $113,000. Fiduciary Trust Co. bought a new position in shares of Euronet Worldwide during the 2nd quarter worth $122,000. The Manufacturers Life Insurance Company grew its stake in shares of 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 acquiring an additional 116 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of 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 acquiring an additional 167 shares during the period. Finally, Pitcairn Co. bought a new position in shares of Euronet Worldwide during the 3rd quarter worth $200,000. Institutional investors own 93.86% of the company’s stock.
In related news, CEO Michael J. Brown sold 63,538 shares of the stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $100.06, for a total transaction of $6,357,612.28. Following the sale, the chief executive officer now owns 1,603,486 shares of the company’s stock, valued at approximately $160,444,809.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael J. Brown sold 2,400 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $100.00, for a total value of $240,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,603,486 shares in the company, valued at approximately $160,348,600. The disclosure for this sale can be found here. Insiders have sold a total of 263,755 shares of company stock worth $25,892,468 in the last three months. 7.70% of the stock is currently owned by insiders.
Several research analysts have recently weighed in on EEFT shares. BidaskClub upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 price target for the company in a research note on Tuesday, September 26th. SunTrust Banks, Inc. reissued a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a report on Friday, October 6th. Northland Securities reissued a “buy” rating and set a $110.00 price objective on shares of Euronet Worldwide in a report on Thursday, October 19th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $112.00 price objective on shares of Euronet Worldwide in a report on Sunday, October 22nd. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Euronet Worldwide currently has a consensus rating of “Buy” and an average target price of $108.67.
Shares of Euronet Worldwide, Inc. (EEFT) opened at $91.06 on Monday. The stock has a market capitalization of $4,800.00, a PE ratio of 21.84, a P/E/G ratio of 1.40 and a beta of 1.39. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.44 and a current ratio of 1.48. Euronet Worldwide, Inc. has a 1-year low of $70.51 and a 1-year high of $101.07.
Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Thursday, October 19th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.61. The business had revenue of $637.90 million for the quarter, compared to analysts’ expectations of $595.09 million. Euronet Worldwide had a return on equity of 22.46% and a net margin of 9.63%. The firm’s quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.35 EPS. analysts expect that Euronet Worldwide, Inc. will post 4.33 earnings per share for the current fiscal year.
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Euronet Worldwide 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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