Glenmede Trust Co. NA Has $12.05 Million Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Glenmede Trust Co. NA decreased its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 121,434 shares of the business services provider’s stock after selling 1,711 shares during the period. Glenmede Trust Co. NA’s holdings in Euronet Worldwide were worth $12,050,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Tidal Investments LLC grew its holdings in Euronet Worldwide by 15.6% during the 1st quarter. Tidal Investments LLC now owns 9,018 shares of the business services provider’s stock worth $991,000 after acquiring an additional 1,217 shares during the last quarter. Comerica Bank lifted its holdings in shares of Euronet Worldwide by 22.1% during the first quarter. Comerica Bank now owns 23,657 shares of the business services provider’s stock worth $2,601,000 after purchasing an additional 4,288 shares during the period. GAMMA Investing LLC grew its stake in shares of Euronet Worldwide by 69.5% in the second quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock worth $61,000 after purchasing an additional 241 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in Euronet Worldwide by 236.4% in the second quarter. Harbor Capital Advisors Inc. now owns 46,273 shares of the business services provider’s stock valued at $4,789,000 after purchasing an additional 32,519 shares during the period. Finally, CWM LLC raised its position in Euronet Worldwide by 87.7% during the 2nd quarter. CWM LLC now owns 1,860 shares of the business services provider’s stock worth $193,000 after purchasing an additional 869 shares during the last quarter. Institutional investors own 91.60% of the company’s stock.

Insider Activity at Euronet Worldwide

In related news, CEO Juan Bianchi sold 4,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $102.58, for a total value of $410,320.00. Following the transaction, the chief executive officer now owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. This trade represents a 24.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Martin L. Bruckner sold 9,397 shares of Euronet Worldwide stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $107.31, for a total value of $1,008,392.07. Following the transaction, the senior vice president now owns 39,983 shares of the company’s stock, valued at $4,290,575.73. This trade represents a 19.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,431 shares of company stock valued at $6,966,057. 10.50% of the stock is owned by company insiders.

Euronet Worldwide Price Performance

Shares of NASDAQ EEFT opened at $105.13 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. The firm’s 50-day moving average price is $100.46 and its 200-day moving average price is $103.60. The firm has a market capitalization of $4.62 billion, a P/E ratio of 15.19, a P/E/G ratio of 0.95 and a beta of 1.46. Euronet Worldwide, Inc. has a 1-year low of $86.51 and a 1-year high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. During the same quarter last year, the firm posted $2.53 earnings per share. Equities research analysts anticipate that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on EEFT shares. Oppenheimer increased their price target on Euronet Worldwide from $121.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Citigroup lowered shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $118.00 to $110.00 in a report on Friday, October 18th. Needham & Company LLC dropped their price target on shares of Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Finally, StockNews.com upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $127.13.

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. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit and prepaid card outsourcing, card issuing, and merchant acquiring services.