Euronet Worldwide, Inc. (NASDAQ:EEFT) Position Increased by Federated Hermes Inc.

Federated Hermes Inc. lifted its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 21.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,241 shares of the business services provider’s stock after acquiring an additional 1,635 shares during the period. Federated Hermes Inc.’s holdings in Euronet Worldwide were worth $956,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale grew its position in Euronet Worldwide by 20.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,921 shares of the business services provider’s stock worth $205,000 after purchasing an additional 325 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Euronet Worldwide by 2,095.2% during the second quarter. Meeder Asset Management Inc. now owns 4,149 shares of the business services provider’s stock valued at $429,000 after buying an additional 3,960 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in Euronet Worldwide by 1.3% during the second quarter. Oppenheimer & Co. Inc. now owns 17,941 shares of the business services provider’s stock valued at $1,857,000 after buying an additional 238 shares during the period. Ground Swell Capital LLC purchased a new stake in Euronet Worldwide in the 2nd quarter worth about $260,000. Finally, Headlands Technologies LLC boosted its position in Euronet Worldwide by 131.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,064 shares of the business services provider’s stock worth $110,000 after acquiring an additional 605 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Citigroup upped 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 lifted their target price on shares of Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $125.00 price objective on shares of Euronet Worldwide in a report on Wednesday, September 4th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $124.11.

Euronet Worldwide Stock Performance

Shares of NASDAQ EEFT opened at $100.66 on Friday. The business’s 50-day simple moving average is $101.30 and its 200-day simple moving average is $106.07. 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 52 week low of $73.84 and a 52 week high of $117.66. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 17.72 and a beta of 1.46.

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

Insider Buying and Selling

In other news, Director Thomas A. Mcdonnell purchased 3,206 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was bought 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 directly owns 90,000 shares of the company’s stock, valued at $8,447,400. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Euronet Worldwide news, Director Thomas A. Mcdonnell purchased 3,206 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 90,000 shares in the company, valued at approximately $8,447,400. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Juan Bianchi sold 4,000 shares of the company’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 of the company’s stock, valued at $1,276,095.20. The disclosure for this sale can be found here. 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.