Trajan Wealth LLC Invests $203,000 in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Trajan Wealth LLC bought a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,047 shares of the business services provider’s stock, valued at approximately $203,000.

Other large investors have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in Euronet Worldwide during the first quarter valued at approximately $50,000. Summit Securities Group LLC purchased a new position in Euronet Worldwide during the second quarter valued at approximately $57,000. Covestor Ltd grew its stake in Euronet Worldwide by 174.9% during the first quarter. Covestor Ltd now owns 547 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 348 shares in the last quarter. GAMMA Investing LLC grew its stake in Euronet Worldwide by 69.5% during the second quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock valued at $61,000 after acquiring an additional 241 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in Euronet Worldwide during the second quarter valued at approximately $80,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Trading Down 0.2 %

Shares of EEFT opened at $98.22 on Thursday. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 14.19 and a beta of 1.46. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.19 and a current ratio of 1.19. Euronet Worldwide, Inc. has a fifty-two week low of $75.41 and a fifty-two week high of $117.66. The firm has a 50 day moving average price of $100.30 and a 200-day moving average price of $104.13.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.04 billion. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. During the same period in the previous year, the business posted $2.53 EPS. As a group, equities research analysts forecast that Euronet Worldwide, Inc. will post 7.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Transactions at Euronet Worldwide

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

Euronet Worldwide 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.