Legal & General Group Plc Takes Position in Euronet Worldwide, Inc. $EEFT

Legal & General Group Plc purchased a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 50,124 shares of the business services provider’s stock, valued at approximately $3,669,000. Legal & General Group Plc owned about 0.13% of Euronet Worldwide at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Johnson Financial Group Inc. bought a new stake in shares of Euronet Worldwide during the third quarter valued at approximately $26,000. Danske Bank A S acquired a new stake in shares of Euronet Worldwide during the 3rd quarter worth about $26,000. Geneos Wealth Management Inc. lifted its holdings in Euronet Worldwide by 48.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 109 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Euronet Worldwide in the fourth quarter valued at about $38,000. Finally, Allworth Financial LP acquired a new position in Euronet Worldwide in the second quarter valued at about $43,000. 91.60% of the stock is currently owned by institutional investors.

Euronet Worldwide Price Performance

EEFT stock opened at $73.81 on Friday. Euronet Worldwide, Inc. has a 12 month low of $62.50 and a 12 month high of $92.45. The firm has a market cap of $2.81 billion, a P/E ratio of 11.59, a P/E/G ratio of 0.59 and a beta of 0.83. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.47. The company’s 50-day moving average price is $74.64 and its two-hundred day moving average price is $71.37.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Thursday, July 30th. The business services provider reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.11). Euronet Worldwide had a net margin of 6.63% and a return on equity of 28.60%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the company posted $2.56 EPS. On average, analysts anticipate that Euronet Worldwide, Inc. will post 9.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Weiss Ratings downgraded shares of Euronet Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Wolfe Research decreased their price objective on shares of Euronet Worldwide from $75.00 to $70.00 and set an “underperform” rating for the company in a report on Tuesday, August 25th. DA Davidson restated a “buy” rating and issued a $102.00 price target on shares of Euronet Worldwide in a report on Friday, July 10th. Finally, Needham & Company LLC increased their target price on Euronet Worldwide from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $94.00.

About Euronet Worldwide

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.