EP Wealth Advisors LLC Buys New Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

EP Wealth Advisors LLC acquired a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 2,139 shares of the business services provider’s stock, valued at approximately $212,000.

Other large investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new stake in shares of Euronet Worldwide during the 2nd quarter worth $57,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Euronet Worldwide during the second quarter valued at $80,000. Mendota Financial Group LLC acquired a new position in shares of Euronet Worldwide in the 3rd quarter valued at $100,000. Quarry LP increased its stake in Euronet Worldwide by 21.6% in the 3rd quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock worth $108,000 after purchasing an additional 193 shares in the last quarter. Finally, Daiwa Securities Group Inc. purchased a new position in Euronet Worldwide in the 3rd quarter worth about $109,000. 91.60% of the stock is currently owned by institutional investors.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 52,034 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the transaction, the chief executive officer now directly owns 90,288 shares in the company, valued at $9,625,603.68. This trade represents a 36.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nikos Fountas sold 21,479 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $103.56, for a total value of $2,224,365.24. Following the completion of the sale, the chief executive officer now directly owns 52,370 shares of the company’s stock, valued at $5,423,437.20. This represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,910 shares of company stock valued at $8,780,102. 10.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

EEFT has been the subject of several recent analyst reports. Oppenheimer raised their target price on shares of Euronet Worldwide from $121.00 to $135.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. StockNews.com lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday. Needham & Company LLC reissued a “buy” rating and set a $120.00 target price on shares of Euronet Worldwide in a research note on Thursday. Citigroup lowered Euronet Worldwide from a “buy” rating to a “neutral” rating and reduced their target price for the company from $118.00 to $110.00 in a report on Friday, October 18th. Finally, DA Davidson reiterated a “buy” rating and set a $136.00 price target on shares of Euronet Worldwide in a report on Tuesday, October 8th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Euronet Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $127.13.

Euronet Worldwide Trading Up 0.1 %

NASDAQ EEFT opened at $103.46 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. Euronet Worldwide, Inc. has a 1-year low of $91.07 and a 1-year high of $117.66. The firm’s fifty day simple moving average is $101.63 and its 200-day simple moving average is $102.73. The company has a market capitalization of $4.55 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44.

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

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.