Renaissance Group LLC increased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.9% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,864 shares of the business services provider’s stock after buying an additional 36 shares during the period. Renaissance Group LLC’s holdings in Euronet Worldwide were worth $338,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Bank of Montreal Can boosted its stake in Euronet Worldwide by 55.5% in the first quarter. Bank of Montreal Can now owns 50,659 shares of the business services provider’s stock worth $4,332,000 after buying an additional 18,089 shares during the last quarter. Essex Investment Management Co. LLC boosted its stake in Euronet Worldwide by 2.6% in the first quarter. Essex Investment Management Co. LLC now owns 5,392 shares of the business services provider’s stock worth $461,000 after buying an additional 137 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Euronet Worldwide by 2.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 53,967 shares of the business services provider’s stock worth $4,615,000 after buying an additional 1,075 shares during the last quarter. American Century Companies Inc. boosted its stake in Euronet Worldwide by 2.6% in the first quarter. American Century Companies Inc. now owns 4,878 shares of the business services provider’s stock worth $417,000 after buying an additional 124 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. boosted its stake in Euronet Worldwide by 2.7% in the first quarter. Bbva Compass Bancshares Inc. now owns 10,654 shares of the business services provider’s stock worth $911,000 after buying an additional 282 shares during the last quarter. 93.96% of the stock is owned by institutional investors.

Shares of Euronet Worldwide, Inc. (EEFT) opened at 97.43 on Thursday. The firm has a market capitalization of $5.12 billion, a PE ratio of 31.45 and a beta of 1.34. The stock has a 50 day moving average price of $94.06 and a 200 day moving average price of $86.96. Euronet Worldwide, Inc. has a 12-month low of $70.51 and a 12-month high of $97.92.

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

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A number of analysts have weighed in on EEFT shares. Lake Street Capital started coverage on Euronet Worldwide in a research report on Monday, June 26th. They set a “buy” rating and a $96.00 price objective for the company. Zacks Investment Research raised Euronet Worldwide from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research report on Monday, July 17th. DA Davidson started coverage on Euronet Worldwide in a research report on Wednesday, July 19th. They set a “buy” rating and a $105.00 price objective for the company. Finally, BidaskClub raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $100.20.

In other Euronet Worldwide news, CEO Michael J. Brown sold 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $96.49, for a total value of $5,789,400.00. Following the transaction, the chief executive officer now directly owns 1,605,886 shares of the company’s stock, valued at $154,951,940.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Jeffrey B. Newman sold 3,433 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $92.00, for a total transaction of $315,836.00. Following the completion of the transaction, the vice president now directly owns 16,386 shares in the company, valued at $1,507,512. The disclosure for this sale can be found here. In the last three months, insiders sold 126,883 shares of company stock valued at $11,968,683. 7.70% of the stock is currently owned by company insiders.

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.

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

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