Carnick & Kubik Group LLC Has $5.14 Million Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Carnick & Kubik Group LLC raised its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 35,124 shares of the business services provider’s stock after buying an additional 721 shares during the quarter. Carnick & Kubik Group LLC’s holdings in Euronet Worldwide were worth $5,139,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EEFT. Whittier Trust Co. acquired a new position in shares of Euronet Worldwide during the 3rd quarter worth $29,000. Johnson Financial Group Inc. acquired a new position in shares of Euronet Worldwide during the 2nd quarter worth $41,000. NEXT Financial Group Inc raised its holdings in shares of Euronet Worldwide by 86.6% during the 3rd quarter. NEXT Financial Group Inc now owns 543 shares of the business services provider’s stock worth $79,000 after buying an additional 252 shares in the last quarter. Schroder Investment Management Group acquired a new position in shares of Euronet Worldwide during the 2nd quarter worth $102,000. Finally, Flagship Harbor Advisors LLC raised its holdings in shares of Euronet Worldwide by 144.9% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 786 shares of the business services provider’s stock worth $132,000 after buying an additional 465 shares in the last quarter. 91.72% of the stock is owned by hedge funds and other institutional investors.

In other Euronet Worldwide news, CEO Juan Bianchi sold 20,994 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $152.51, for a total value of $3,201,794.94. Following the completion of the transaction, the chief executive officer now owns 20,994 shares of the company’s stock, valued at approximately $3,201,794.94. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.40% of the stock is owned by corporate insiders.

A number of equities analysts have recently commented on the company. Piper Jaffray Companies set a $180.00 price target on Euronet Worldwide and gave the stock a “buy” rating in a report on Tuesday, September 17th. BidaskClub raised Euronet Worldwide from a “strong sell” rating to a “sell” rating in a report on Friday, September 27th. Wolfe Research initiated coverage on Euronet Worldwide in a report on Wednesday, July 31st. They issued an “outperform” rating and a $200.00 target price for the company. DA Davidson raised Euronet Worldwide from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $170.00 to $168.00 in a report on Thursday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $175.00 target price on shares of Euronet Worldwide in a report on Wednesday. Two research analysts have rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. Euronet Worldwide presently has a consensus rating of “Buy” and an average target price of $171.22.

Shares of EEFT opened at $143.11 on Friday. Euronet Worldwide, Inc. has a 12-month low of $91.78 and a 12-month high of $171.25. The business has a 50-day simple moving average of $146.59 and a two-hundred day simple moving average of $153.35. The company has a quick ratio of 1.82, a current ratio of 1.88 and a debt-to-equity ratio of 0.90. The stock has a market cap of $7.58 billion, a PE ratio of 21.61, a PEG ratio of 2.09 and a beta of 1.12.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Tuesday, July 23rd. The business services provider reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.04). Euronet Worldwide had a return on equity of 26.78% and a net margin of 11.10%. The firm had revenue of $691.90 million during the quarter, compared to analyst estimates of $691.90 million. On average, equities research analysts expect that Euronet Worldwide, Inc. will post 6.67 EPS for the current year.

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

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