Principal Financial Group Inc. increased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 8.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 11,021 shares of the business services provider’s stock after acquiring an additional 879 shares during the quarter. Principal Financial Group Inc.’s holdings in Euronet Worldwide were worth $963,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Euronet Worldwide by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 3,888,919 shares of the business services provider’s stock worth $332,581,000 after acquiring an additional 170,782 shares during the last quarter. Janus Capital Management LLC increased its holdings in Euronet Worldwide by 15.3% in the 1st quarter. Janus Capital Management LLC now owns 3,361,668 shares of the business services provider’s stock worth $287,489,000 after acquiring an additional 445,746 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Euronet Worldwide by 3.9% in the 2nd quarter. Victory Capital Management Inc. now owns 2,683,263 shares of the business services provider’s stock worth $234,437,000 after acquiring an additional 100,544 shares during the last quarter. Frontier Capital Management Co. LLC increased its holdings in Euronet Worldwide by 0.5% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,198,881 shares of the business services provider’s stock worth $192,116,000 after acquiring an additional 10,750 shares during the last quarter. Finally, William Blair Investment Management LLC increased its holdings in Euronet Worldwide by 4.8% in the 2nd quarter. William Blair Investment Management LLC now owns 879,475 shares of the business services provider’s stock worth $76,840,000 after acquiring an additional 40,129 shares during the last quarter. 93.90% of the stock is owned by institutional investors.

In other news, VP Jeffrey B. Newman sold 24,535 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $92.01, for a total value of $2,257,465.35. Following the transaction, the vice president now owns 16,918 shares of the company’s stock, valued at $1,556,625.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jeffrey B. Newman sold 3,433 shares of the stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $92.00, for a total value of $315,836.00. Following the sale, the vice president now owns 16,386 shares of the company’s stock, valued at approximately $1,507,512. The disclosure for this sale can be found here. Insiders sold 306,574 shares of company stock worth $29,668,269 in the last ninety days. Corporate insiders own 7.70% of the company’s stock.

A number of research analysts have weighed in on EEFT shares. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $120.00 target price on shares of Euronet Worldwide in a report on Friday, October 6th. Zacks Investment Research raised Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a report on Tuesday, September 26th. BidaskClub raised Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. Lake Street Capital reaffirmed a “buy” rating and set a $99.00 target price (up previously from $96.00) on shares of Euronet Worldwide in a report on Thursday, July 27th. Finally, DA Davidson started coverage on Euronet Worldwide in a report on Wednesday, July 19th. They set a “buy” rating and a $105.00 target price for the company. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Euronet Worldwide has an average rating of “Buy” and a consensus price target of $105.40.

Euronet Worldwide, Inc. (NASDAQ EEFT) opened at 99.35 on Wednesday. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 32.07 and a beta of 1.34. Euronet Worldwide, Inc. has a 12-month low of $70.51 and a 12-month high of $99.93. The firm’s 50-day moving average price is $96.73 and its 200-day moving average price is $90.35.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Wednesday, July 26th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.08 by $0.01. Euronet Worldwide had a return on equity of 22.32% and a net margin of 8.23%. The firm had revenue of $536.60 million for the quarter, compared to the consensus estimate of $513.10 million. During the same quarter last year, the company earned $0.97 earnings per share. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, equities analysts predict that Euronet Worldwide, Inc. will post $4.55 EPS for the current fiscal year.

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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.

Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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