Aurora Investment Counsel Takes Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Aurora Investment Counsel acquired a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,171 shares of the business services provider’s stock, valued at approximately $1,307,000.

Other hedge funds have also made changes to their positions in the company. Summit Securities Group LLC purchased a new position in shares of Euronet Worldwide in the 2nd quarter valued at about $57,000. Covestor Ltd boosted its position in shares of Euronet Worldwide by 174.9% in the 1st quarter. Covestor Ltd now owns 547 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 348 shares during the period. GAMMA Investing LLC boosted its position in shares of Euronet Worldwide by 69.5% in the 2nd quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 241 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in shares of Euronet Worldwide in the 2nd quarter valued at about $80,000. Finally, Mendota Financial Group LLC acquired a new stake in Euronet Worldwide during the 3rd quarter worth approximately $100,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Trading Up 2.4 %

Shares of EEFT opened at $103.43 on Thursday. The stock’s 50-day moving average is $99.70 and its two-hundred day moving average is $103.86. The stock has a market cap of $4.54 billion, a PE ratio of 14.95 and a beta of 1.46. Euronet Worldwide, Inc. has a 12 month low of $85.89 and a 12 month high of $117.66. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data 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. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the firm posted $2.53 earnings per share. Equities analysts forecast that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Oppenheimer initiated coverage on Euronet Worldwide in a report on Tuesday, October 1st. They issued an “outperform” rating and a $121.00 price target for the company. DA Davidson reissued a “buy” rating and issued a $136.00 price target on shares of Euronet Worldwide in a report on Tuesday, October 8th. StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, Citigroup downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $118.00 to $110.00 in a research note on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Euronet Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $125.38.

Insider Transactions at Euronet Worldwide

In related news, CEO Juan Bianchi sold 4,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $1,276,095.20. The trade was a 24.33 % 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. Corporate insiders own 10.50% of the company’s stock.

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.