Landsberg Bennett & Dubbaneh LLC purchased a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,719 shares of the business services provider’s stock, valued at approximately $534,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Euronet Worldwide by 4.9% in the 2nd quarter. Vanguard Group Inc. now owns 4,799,013 shares of the business services provider’s stock valued at $807,386,000 after acquiring an additional 223,005 shares during the period. BlackRock Inc. raised its holdings in Euronet Worldwide by 6.1% in the 2nd quarter. BlackRock Inc. now owns 2,376,979 shares of the business services provider’s stock valued at $399,903,000 after acquiring an additional 135,698 shares during the period. Invesco Ltd. raised its holdings in Euronet Worldwide by 211.1% in the 2nd quarter. Invesco Ltd. now owns 936,781 shares of the business services provider’s stock valued at $157,603,000 after acquiring an additional 635,710 shares during the period. Stephens Investment Management Group LLC raised its holdings in Euronet Worldwide by 0.9% in the 2nd quarter. Stephens Investment Management Group LLC now owns 550,611 shares of the business services provider’s stock valued at $92,635,000 after acquiring an additional 5,043 shares during the period. Finally, Nuveen Asset Management LLC bought a new position in Euronet Worldwide in the 2nd quarter valued at about $84,681,000. 91.99% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have weighed in on EEFT. Wolfe Research began coverage on shares of Euronet Worldwide in a report on Wednesday, July 31st. They issued an “outperform” rating and a $200.00 price target on the stock. Northland Securities reaffirmed a “buy” rating and set a $175.00 target price on shares of Euronet Worldwide in a report on Tuesday, October 1st. ValuEngine cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, September 6th. BidaskClub raised shares of Euronet Worldwide from a “strong sell” rating to a “sell” rating in a report on Friday, September 27th. Finally, Piper Jaffray Companies set a $180.00 target price on shares of Euronet Worldwide and gave the stock a “buy” rating in a report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $168.80.
Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Tuesday, July 23rd. The business services provider reported $1.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.63 by ($0.04). Euronet Worldwide had a return on equity of 24.94% and a net margin of 10.08%. The business had revenue of $691.90 million for the quarter, compared to the consensus estimate of $691.90 million. Equities research analysts predict that Euronet Worldwide, Inc. will post 6.67 earnings per share for the current fiscal year.
In other news, CEO Juan Bianchi sold 20,994 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $152.51, for a total transaction of $3,201,794.94. Following the transaction, the chief executive officer now directly owns 20,994 shares of the company’s stock, valued at $3,201,794.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.40% of the stock is currently owned by company insiders.
Euronet Worldwide Company Profile
Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company's Electronic Financial Transaction (EFT) Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit card outsourcing, card issuing, and merchant acquiring services.
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