Amalgamated Bank Sells 2,126 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Amalgamated Bank lessened its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 7.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,245 shares of the business services provider’s stock after selling 2,126 shares during the period. Amalgamated Bank owned approximately 0.06% of Euronet Worldwide worth $2,820,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in EEFT. Norges Bank bought a new stake in Euronet Worldwide during the fourth quarter worth $54,947,000. Ophir Asset Management Pty Ltd acquired a new stake in Euronet Worldwide in the fourth quarter valued at about $31,186,000. Burgundy Asset Management Ltd. grew its position in Euronet Worldwide by 67.8% in the fourth quarter. Burgundy Asset Management Ltd. now owns 746,579 shares of the business services provider’s stock valued at $75,770,000 after acquiring an additional 301,771 shares during the last quarter. Kodai Capital Management LP acquired a new position in Euronet Worldwide during the fourth quarter worth about $23,728,000. Finally, Wasatch Advisors LP lifted its holdings in shares of Euronet Worldwide by 51.2% in the fourth quarter. Wasatch Advisors LP now owns 579,334 shares of the business services provider’s stock worth $58,797,000 after acquiring an additional 196,161 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Analyst Ratings Changes

EEFT has been the topic of several research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Euronet Worldwide in a report on Wednesday, September 4th. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Monness Crespi & Hardt boosted their price objective on Euronet Worldwide from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Finally, Citigroup increased their target price on Euronet Worldwide from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. 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 presently has an average rating of “Moderate Buy” and an average price target of $124.11.

Insiders Place Their Bets

In related news, Director Thomas A. Mcdonnell bought 3,206 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Juan Bianchi sold 4,000 shares of the business’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 transaction of $410,320.00. Following the completion of the sale, the chief executive officer now owns 12,440 shares in the company, valued at $1,276,095.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Thomas A. Mcdonnell bought 3,206 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $93.86 per share, for a total transaction of $300,915.16. Following the completion of the acquisition, the director now owns 90,000 shares in the company, valued at $8,447,400. The disclosure for this purchase can be found here. 10.50% of the stock is currently owned by corporate insiders.

Euronet Worldwide Stock Up 1.5 %

Shares of NASDAQ EEFT opened at $102.22 on Tuesday. The company’s 50 day moving average price is $101.26 and its 200-day moving average price is $105.96. 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 company has a market capitalization of $4.69 billion, a P/E ratio of 18.00 and a beta of 1.46.

Euronet Worldwide (NASDAQ:EEFT) last issued 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 business had revenue of $986.20 million for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the firm posted $1.84 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities analysts forecast that Euronet Worldwide, Inc. will post 7.88 earnings per share for the current year.

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.