Perpetual Ltd Increases Holdings in Euronet Worldwide, Inc. (EEFT)

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Perpetual Ltd raised its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 11.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 128,026 shares of the business services provider’s stock after acquiring an additional 13,644 shares during the period. Euronet Worldwide makes up about 1.7% of Perpetual Ltd’s holdings, making the stock its 21st largest position. Perpetual Ltd’s holdings in Euronet Worldwide were worth $12,831,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EEFT. Essex Investment Management Co. LLC acquired a new stake in Euronet Worldwide in the second quarter valued at approximately $207,000. Hartford Investment Management Co. acquired a new stake in Euronet Worldwide in the second quarter valued at approximately $213,000. TD Asset Management Inc. acquired a new stake in Euronet Worldwide in the second quarter valued at approximately $276,000. Fox Run Management L.L.C. acquired a new stake in Euronet Worldwide in the third quarter valued at approximately $280,000. Finally, First American Bank acquired a new stake in Euronet Worldwide in the third quarter valued at approximately $311,000. 99.68% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on EEFT shares. SunTrust Banks raised their price objective on Euronet Worldwide to $130.00 and gave the company a “buy” rating in a research note on Wednesday, September 12th. BidaskClub raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Piper Jaffray Companies reissued a “buy” rating and issued a $111.00 price objective on shares of Euronet Worldwide in a research note on Thursday, July 26th. Needham & Company LLC raised their price objective on Euronet Worldwide from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. Finally, ValuEngine raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $128.88.

In other news, CFO Rick Weller sold 57,458 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $96.62, for a total value of $5,551,591.96. Following the transaction, the chief financial officer now owns 92,951 shares in the company, valued at $8,980,925.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael J. Brown sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 23rd. The shares were sold at an average price of $112.24, for a total value of $2,806,000.00. Following the completion of the transaction, the chief executive officer now owns 1,477,207 shares in the company, valued at approximately $165,801,713.68. The disclosure for this sale can be found here. Insiders sold 347,413 shares of company stock worth $35,105,042 in the last 90 days. Corporate insiders own 7.40% of the company’s stock.

EEFT stock opened at $108.14 on Wednesday. Euronet Worldwide, Inc. has a twelve month low of $70.67 and a twelve month high of $120.12. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $5.68 billion, a PE ratio of 24.97, a P/E/G ratio of 1.53 and a beta of 1.42.

About Euronet Worldwide

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.

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

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