NWQ Investment Management Company LLC lowered its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 16.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 267,293 shares of the business services provider’s stock after selling 53,560 shares during the quarter. NWQ Investment Management Company LLC owned approximately 0.51% of Euronet Worldwide worth $25,337,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Capstone Asset Management Co. purchased a new stake in Euronet Worldwide during the second quarter worth $206,000. Aperio Group LLC lifted its holdings in Euronet Worldwide by 11.6% during the second quarter. Aperio Group LLC now owns 2,920 shares of the business services provider’s stock worth $255,000 after buying an additional 304 shares during the period. Russell Investments Group Ltd. lifted its holdings in Euronet Worldwide by 100.6% during the second quarter. Russell Investments Group Ltd. now owns 23,146 shares of the business services provider’s stock worth $2,023,000 after buying an additional 11,606 shares during the period. NGAM Advisors L.P. lifted its holdings in Euronet Worldwide by 0.3% during the second quarter. NGAM Advisors L.P. now owns 29,932 shares of the business services provider’s stock worth $2,616,000 after buying an additional 95 shares during the period. Finally, World Asset Management Inc purchased a new stake in Euronet Worldwide during the second quarter worth $201,000. 95.17% of the stock is currently owned by institutional investors.
A number of analysts have weighed in on the company. Piper Jaffray Companies restated a “buy” rating and set a $112.00 target price on shares of Euronet Worldwide in a report on Sunday, October 22nd. Zacks Investment Research lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. SunTrust Banks restated a “buy” rating and set a $120.00 target price on shares of Euronet Worldwide in a report on Friday, October 6th. Northland Securities restated a “buy” rating and set a $110.00 target price on shares of Euronet Worldwide in a report on Thursday, October 19th. Finally, BidaskClub upgraded Euronet Worldwide from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. Euronet Worldwide has an average rating of “Buy” and an average price target of $108.86.
Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Thursday, October 19th. The business services provider reported $1.61 EPS for the quarter, meeting the consensus estimate of $1.61. Euronet Worldwide had a return on equity of 22.46% and a net margin of 9.63%. The firm had revenue of $637.90 million during the quarter, compared to analyst estimates of $595.09 million. During the same quarter in the prior year, the business posted $1.35 EPS. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. research analysts forecast that Euronet Worldwide, Inc. will post 4.33 earnings per share for the current fiscal year.
In related news, CEO Nikos Fountas sold 296 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $92.00, for a total value of $27,232.00. Following the completion of the transaction, the chief executive officer now owns 550 shares in the company, valued at approximately $50,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Rick Weller sold 15,601 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $92.01, for a total value of $1,435,448.01. Following the completion of the transaction, the chief financial officer now owns 80,285 shares of the company’s stock, valued at approximately $7,387,022.85. The disclosure for this sale can be found here. Insiders sold a total of 94,235 shares of company stock valued at $9,201,216 in the last 90 days. 7.70% of the stock is currently owned by company insiders.
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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.
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