Mackenzie Financial Corp Buys Shares of 5,229 Euronet Worldwide, Inc. (NASDAQ:EEFT)

Mackenzie Financial Corp purchased a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 5,229 shares of the business services provider’s stock, valued at approximately $541,000.

Other large investors also recently modified their holdings of the company. Peapack Gladstone Financial Corp acquired a new position in shares of Euronet Worldwide during the fourth quarter valued at about $205,000. Oppenheimer & Co. Inc. lifted its position in shares of Euronet Worldwide by 3.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 17,727 shares of the business services provider’s stock worth $1,799,000 after acquiring an additional 546 shares during the period. Exencial Wealth Advisors LLC lifted its position in shares of Euronet Worldwide by 20.3% in the 4th quarter. Exencial Wealth Advisors LLC now owns 3,395 shares of the business services provider’s stock worth $345,000 after acquiring an additional 573 shares during the period. Seven Eight Capital LP acquired a new stake in shares of Euronet Worldwide during the 4th quarter worth approximately $990,000. Finally, Sei Investments Co. increased its position in shares of Euronet Worldwide by 5.3% during the fourth quarter. Sei Investments Co. now owns 395,277 shares of the business services provider’s stock valued at $40,116,000 after purchasing an additional 20,057 shares during the period. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Thomas A. Mcdonnell purchased 3,206 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $8,447,400. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Euronet Worldwide 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 transaction 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 trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas A. Mcdonnell bought 3,206 shares of Euronet Worldwide stock in a transaction dated Monday, August 5th. The stock was acquired at an average cost of $93.86 per share, for a total transaction of $300,915.16. Following the purchase, the director now directly owns 90,000 shares in the company, valued at approximately $8,447,400. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 10.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EEFT. Monness Crespi & Hardt lifted their price target on shares of Euronet Worldwide from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Oppenheimer assumed coverage on shares of Euronet Worldwide in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $121.00 target price on the stock. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Euronet Worldwide in a report on Wednesday, September 4th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.33.

Euronet Worldwide Stock Up 1.4 %

NASDAQ EEFT opened at $97.72 on Friday. The stock’s 50 day simple moving average is $100.50 and its 200 day simple moving average is $105.32. Euronet Worldwide, Inc. has a one year low of $73.84 and a one year high of $117.66. The firm has a market cap of $4.48 billion, a PE ratio of 17.20 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 announced its earnings results on Thursday, July 18th. The business services provider reported $2.25 EPS for the quarter, topping the consensus estimate of $2.04 by $0.21. The company had revenue of $986.20 million for the quarter, compared to analysts’ expectations of $1.09 billion. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.84 earnings per share. As a group, sell-side analysts forecast that Euronet Worldwide, Inc. will post 7.86 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.