Euronet Worldwide, Inc. (EEFT) Shares Sold by CIBC Private Wealth Group LLC

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CIBC Private Wealth Group LLC trimmed its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 3.5% during the fourth quarter, Holdings Channel reports. The fund owned 363,646 shares of the business services provider’s stock after selling 13,069 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Euronet Worldwide were worth $37,230,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Euronet Worldwide by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 4,324,654 shares of the business services provider’s stock valued at $433,417,000 after acquiring an additional 87,599 shares during the last quarter. Vanguard Group Inc boosted its stake in Euronet Worldwide by 2.1% during the 3rd quarter. Vanguard Group Inc now owns 4,324,654 shares of the business services provider’s stock valued at $433,417,000 after acquiring an additional 87,599 shares during the last quarter. Wasatch Advisors Inc. boosted its stake in Euronet Worldwide by 6.4% during the 3rd quarter. Wasatch Advisors Inc. now owns 3,015,804 shares of the business services provider’s stock valued at $302,244,000 after acquiring an additional 180,654 shares during the last quarter. William Blair Investment Management LLC boosted its stake in Euronet Worldwide by 77.9% during the 3rd quarter. William Blair Investment Management LLC now owns 2,238,824 shares of the business services provider’s stock valued at $224,375,000 after acquiring an additional 980,390 shares during the last quarter. Finally, FMR LLC boosted its stake in Euronet Worldwide by 0.3% during the 3rd quarter. FMR LLC now owns 1,394,095 shares of the business services provider’s stock valued at $139,716,000 after acquiring an additional 4,227 shares during the last quarter.

A number of research firms have commented on EEFT. Zacks Investment Research upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $125.00 price objective on the stock in a research note on Monday, December 10th. DA Davidson raised their price target on shares of Euronet Worldwide to $152.00 and gave the stock a “buy” rating in a research report on Monday. SunTrust Banks raised their price target on shares of Euronet Worldwide to $145.00 and gave the stock a “buy” rating in a research report on Monday. Needham & Company LLC restated a “buy” rating and issued a $160.00 price target (up from $135.00) on shares of Euronet Worldwide in a research report on Monday. Finally, BidaskClub upgraded shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Euronet Worldwide presently has a consensus rating of “Buy” and a consensus target price of $136.75.

In related news, CFO Rick Weller sold 40,000 shares of Euronet Worldwide stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $120.31, for a total value of $4,812,400.00. Following the sale, the chief financial officer now directly owns 33,944 shares in the company, valued at approximately $4,083,802.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Kevin J. Caponecchi sold 50,922 shares of Euronet Worldwide stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $119.53, for a total transaction of $6,086,706.66. Following the completion of the sale, the chief executive officer now owns 97,774 shares in the company, valued at $11,686,926.22. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 195,106 shares of company stock worth $22,867,607. Insiders own 7.40% of the company’s stock.

Euronet Worldwide stock opened at $129.13 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.46 and a current ratio of 1.46. Euronet Worldwide, Inc. has a 1 year low of $70.67 and a 1 year high of $134.00. The stock has a market capitalization of $6.53 billion, a PE ratio of 24.32, a price-to-earnings-growth ratio of 1.44 and a beta of 1.12.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Thursday, February 7th. The business services provider reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.16. Euronet Worldwide had a net margin of 9.18% and a return on equity of 25.64%. The company had revenue of $649.40 million for the quarter, compared to the consensus estimate of $663.82 million. During the same period last year, the firm posted $1.13 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, research analysts expect that Euronet Worldwide, Inc. will post 6.58 earnings per share for the current year.

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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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Want to see what other hedge funds are holding EEFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Euronet Worldwide, Inc. (NASDAQ:EEFT).

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

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