B. Metzler seel. Sohn & Co. Holding AG Buys New Shares in Euronet Worldwide, Inc. (NASDAQ:EEFT)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 41,169 shares of the business services provider’s stock, valued at approximately $4,085,000.

A number of other institutional investors and hedge funds have also bought and sold shares of EEFT. Meeder Asset Management Inc. lifted its holdings in Euronet Worldwide by 940.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 43,152 shares of the business services provider’s stock worth $4,282,000 after purchasing an additional 39,003 shares in the last quarter. Mawer Investment Management Ltd. raised its position in shares of Euronet Worldwide by 18.0% during the third quarter. Mawer Investment Management Ltd. now owns 153,129 shares of the business services provider’s stock valued at $15,195,000 after buying an additional 23,395 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of Euronet Worldwide by 79.6% in the third quarter. Quest Partners LLC now owns 33,225 shares of the business services provider’s stock worth $3,297,000 after buying an additional 14,729 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Euronet Worldwide by 0.7% during the third quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider’s stock worth $1,793,000 after acquiring an additional 133 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Euronet Worldwide during the third quarter valued at $997,000. 91.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the company’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 sale, the chief executive officer now directly owns 12,440 shares in the company, valued at approximately $1,276,095.20. This represents a 24.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 10.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on EEFT shares. DA Davidson restated a “buy” rating and set a $136.00 price objective on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Needham & Company LLC cut their price target on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Oppenheimer began coverage on Euronet Worldwide in a report on Tuesday, October 1st. They set an “outperform” rating and a $121.00 price objective on the stock. Citigroup lowered shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and cut their target price for the company from $118.00 to $110.00 in a report on Friday, October 18th. Finally, Monness Crespi & Hardt raised shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Euronet Worldwide has an average rating of “Moderate Buy” and an average target price of $125.38.

Euronet Worldwide Price Performance

EEFT opened at $103.43 on Thursday. The business has a fifty day moving average of $99.70 and a 200 day moving average of $103.86. The stock has a market cap of $4.54 billion, a P/E ratio of 14.95 and a beta of 1.46. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. Euronet Worldwide, Inc. has a 52-week low of $85.89 and a 52-week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. During the same period in the prior year, the business posted $2.53 earnings per share. As a group, sell-side analysts anticipate that Euronet Worldwide, Inc. will post 7.87 EPS for the current year.

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.