Euronet Worldwide, Inc. (EEFT) Stake Increased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 12.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,667 shares of the business services provider’s stock after buying an additional 1,057 shares during the period. Envestnet Asset Management Inc.’s holdings in Euronet Worldwide were worth $815,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. California Public Employees Retirement System increased its holdings in shares of Euronet Worldwide by 2.9% during the third quarter. California Public Employees Retirement System now owns 92,373 shares of the business services provider’s stock worth $8,756,000 after buying an additional 2,573 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Euronet Worldwide by 2.1% during the third quarter. Public Employees Retirement System of Ohio now owns 180,924 shares of the business services provider’s stock worth $17,150,000 after buying an additional 3,712 shares in the last quarter. ETRADE Capital Management LLC increased its holdings in shares of Euronet Worldwide by 18.5% during the fourth quarter. ETRADE Capital Management LLC now owns 15,148 shares of the business services provider’s stock worth $1,277,000 after buying an additional 2,367 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Euronet Worldwide during the third quarter worth approximately $1,031,000. Finally, Pittenger & Anderson Inc. increased its holdings in shares of Euronet Worldwide by 24.3% during the fourth quarter. Pittenger & Anderson Inc. now owns 38,985 shares of the business services provider’s stock worth $3,285,000 after buying an additional 7,625 shares in the last quarter.

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In related news, CEO Michael J. Brown sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $79.63, for a total value of $1,592,600.00. Following the completion of the sale, the chief executive officer now owns 1,502,348 shares of the company’s stock, valued at $119,631,971.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last three months, insiders sold 80,000 shares of company stock valued at $6,804,800. 7.70% of the stock is currently owned by company insiders.

Several analysts have recently weighed in on EEFT shares. BidaskClub lowered shares of Euronet Worldwide from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 27th. Zacks Investment Research lowered shares of Euronet Worldwide from a “hold” rating to a “sell” rating in a report on Monday, December 25th. William Blair lowered shares of Euronet Worldwide from an “outperform” rating to a “market perform” rating in a report on Monday, December 18th. ValuEngine lowered shares of Euronet Worldwide from a “hold” rating to a “sell” rating in a report on Wednesday, April 4th. Finally, DA Davidson raised their price target on shares of Euronet Worldwide to $118.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $111.71.

Shares of Euronet Worldwide stock opened at $75.02 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.34 and a quick ratio of 1.27. The company has a market capitalization of $3,817.90, a P/E ratio of 17.33, a P/E/G ratio of 0.99 and a beta of 1.50. Euronet Worldwide, Inc. has a fifty-two week low of $70.67 and a fifty-two week high of $101.07.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. The business had revenue of $604.60 million during the quarter, compared to analyst estimates of $609.53 million. Euronet Worldwide had a net margin of 6.97% and a return on equity of 21.76%. Euronet Worldwide’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 earnings per share. equities analysts predict that Euronet Worldwide, Inc. will post 5 earnings per share for the current fiscal year.

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Euronet Worldwide 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.

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

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