CX Institutional Makes New $4.25 Million Investment in Euronet Worldwide, Inc. (NASDAQ:EEFT)

CX Institutional bought a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 42,792 shares of the business services provider’s stock, valued at approximately $4,246,000. CX Institutional owned about 0.10% of Euronet Worldwide at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Wedge Capital Management L L P NC grew its position in shares of Euronet Worldwide by 13.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 22,005 shares of the business services provider’s stock valued at $2,184,000 after acquiring an additional 2,631 shares during the period. Oliver Luxxe Assets LLC lifted its stake in Euronet Worldwide by 148.4% in the third quarter. Oliver Luxxe Assets LLC now owns 18,652 shares of the business services provider’s stock valued at $1,851,000 after purchasing an additional 11,144 shares during the last quarter. Fiduciary Financial Group LLC grew its holdings in Euronet Worldwide by 20.8% during the third quarter. Fiduciary Financial Group LLC now owns 2,820 shares of the business services provider’s stock valued at $271,000 after purchasing an additional 486 shares during the period. Mendota Financial Group LLC purchased a new stake in Euronet Worldwide in the third quarter worth $100,000. Finally, Reinhart Partners LLC. raised its stake in shares of Euronet Worldwide by 8.5% in the third quarter. Reinhart Partners LLC. now owns 606,325 shares of the business services provider’s stock valued at $60,166,000 after buying an additional 47,469 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Insider Buying and Selling

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

Euronet Worldwide Stock Performance

NASDAQ EEFT opened at $99.07 on Wednesday. The company’s 50 day simple moving average is $100.40 and its two-hundred day simple moving average is $104.69. The stock has a market capitalization of $4.54 billion, a PE ratio of 17.44 and a beta of 1.46. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.19 and a quick ratio of 1.19. Euronet Worldwide, Inc. has a 1 year low of $74.73 and a 1 year high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Thursday, July 18th. The business services provider reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.21. The company had revenue of $986.20 million during the quarter, compared to analyst estimates of $1.09 billion. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $1.84 earnings per share. Analysts predict that Euronet Worldwide, Inc. will post 7.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on EEFT. Monness Crespi & Hardt increased their price target on Euronet Worldwide from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. DA Davidson reiterated a “buy” rating and set a $136.00 target price on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Euronet Worldwide in a research note on Wednesday, September 4th. Oppenheimer began coverage on shares of Euronet Worldwide in a research note on Tuesday, October 1st. They set an “outperform” rating and a $121.00 price target on the stock. Finally, StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.33.

About Euronet Worldwide

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.