Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Purchased by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. increased its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 767,293 shares of the business services provider’s stock after purchasing an additional 10,689 shares during the period. Burgundy Asset Management Ltd. owned 1.67% of Euronet Worldwide worth $79,415,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of EEFT. XTX Topco Ltd acquired a new stake in shares of Euronet Worldwide during the second quarter worth $771,000. Seven Eight Capital LP grew its stake in Euronet Worldwide by 241.9% during the 2nd quarter. Seven Eight Capital LP now owns 9,342 shares of the business services provider’s stock valued at $967,000 after purchasing an additional 6,610 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Euronet Worldwide by 117.1% in the second quarter. Hsbc Holdings PLC now owns 51,292 shares of the business services provider’s stock valued at $5,402,000 after purchasing an additional 27,664 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Euronet Worldwide by 6.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider’s stock worth $243,000 after purchasing an additional 143 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Euronet Worldwide in the second quarter valued at approximately $867,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Trading Up 0.0 %

Shares of EEFT stock opened at $99.83 on Thursday. The stock has a 50 day simple moving average of $101.40 and a 200-day simple moving average of $106.19. Euronet Worldwide, Inc. has a 1-year low of $73.84 and a 1-year high of $117.66. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 17.58 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 (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 business had revenue of $986.20 million for the quarter, compared to the consensus estimate of $1.09 billion. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $1.84 earnings per share. On average, equities research analysts expect that Euronet Worldwide, Inc. will post 7.88 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on EEFT shares. Citigroup lifted their price objective on shares of Euronet Worldwide from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Monness Crespi & Hardt upped their price target on shares of Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $125.00 price target on shares of Euronet Worldwide in a research report on Wednesday, September 4th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $124.11.

Insider Buying and Selling

In other news, CEO Juan Bianchi sold 4,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 12,440 shares in the company, valued at $1,276,095.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Thomas A. Mcdonnell bought 3,206 shares of the stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $93.86 per share, for a total transaction of $300,915.16. Following the acquisition, the director now directly owns 90,000 shares in the company, valued at approximately $8,447,400. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Juan Bianchi sold 4,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. The disclosure for this sale can be found here. 10.50% of the stock is currently owned by insiders.

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.