Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Bought by 1620 Investment Advisors Inc.

1620 Investment Advisors Inc. lifted its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 53.3% during the third quarter, Holdings Channel reports. The firm owned 1,191 shares of the business services provider’s stock after buying an additional 414 shares during the period. 1620 Investment Advisors Inc.’s holdings in Euronet Worldwide were worth $118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EEFT. Lazard Asset Management LLC increased its position in Euronet Worldwide by 6,250.4% in the 1st quarter. Lazard Asset Management LLC now owns 141,932 shares of the business services provider’s stock valued at $15,602,000 after acquiring an additional 139,697 shares during the period. Kodai Capital Management LP lifted its holdings in Euronet Worldwide by 57.9% in the first quarter. Kodai Capital Management LP now owns 369,209 shares of the business services provider’s stock worth $40,587,000 after purchasing an additional 135,416 shares during the period. Dimensional Fund Advisors LP grew its position in Euronet Worldwide by 17.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider’s stock valued at $78,172,000 after buying an additional 113,685 shares in the last quarter. New South Capital Management Inc. raised its position in shares of Euronet Worldwide by 21.8% during the 1st quarter. New South Capital Management Inc. now owns 538,419 shares of the business services provider’s stock worth $59,188,000 after buying an additional 96,278 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Euronet Worldwide during the 2nd quarter worth about $9,047,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Insider Transactions at Euronet Worldwide

In related news, Director Thomas A. Mcdonnell bought 3,206 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $93.86 per share, for a total transaction of $300,915.16. Following the purchase, the director now directly owns 90,000 shares in the company, valued at $8,447,400. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Thomas A. Mcdonnell acquired 3,206 shares of the stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $93.86 per share, for a total transaction of $300,915.16. Following the completion of the transaction, the director now owns 90,000 shares in the company, valued at approximately $8,447,400. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Juan Bianchi sold 4,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $102.58, for a total value of $410,320.00. Following the completion of the transaction, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.50% of the stock is currently owned by corporate insiders.

Euronet Worldwide Stock Down 0.2 %

Shares of Euronet Worldwide stock opened at $98.22 on Thursday. The stock has a 50 day moving average price of $100.30 and a two-hundred day moving average price of $104.13. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.85. Euronet Worldwide, Inc. has a 12-month low of $75.41 and a 12-month high of $117.66. The stock has a market capitalization of $4.41 billion, a P/E ratio of 14.19 and a beta of 1.46.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, topping the consensus estimate of $2.92 by $0.11. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.04 billion. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. During the same quarter last year, the firm posted $2.53 EPS. Equities analysts expect that Euronet Worldwide, Inc. will post 7.88 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Needham & Company LLC lowered their price objective on shares of Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Citigroup cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Finally, DA Davidson restated a “buy” rating and set a $136.00 target price on shares of Euronet Worldwide in a report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Euronet Worldwide currently has an average rating of “Moderate Buy” and an average target price of $125.38.

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. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer 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 and prepaid card outsourcing, card issuing, and merchant acquiring services.