Sanctuary Advisors LLC Takes $200,000 Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Sanctuary Advisors LLC bought a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,931 shares of the business services provider’s stock, valued at approximately $200,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of EEFT. Lazard Asset Management LLC lifted its position in shares of Euronet Worldwide by 6,250.4% during the 1st quarter. Lazard Asset Management LLC now owns 141,932 shares of the business services provider’s stock worth $15,602,000 after buying an additional 139,697 shares during the last quarter. Kodai Capital Management LP raised its stake in Euronet Worldwide by 57.9% during the 1st quarter. Kodai Capital Management LP now owns 369,209 shares of the business services provider’s stock worth $40,587,000 after acquiring an additional 135,416 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Euronet Worldwide by 17.7% in the second quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider’s stock valued at $78,172,000 after acquiring an additional 113,685 shares during the last quarter. New South Capital Management Inc. boosted its stake in Euronet Worldwide by 21.8% in the first quarter. New South Capital Management Inc. now owns 538,419 shares of the business services provider’s stock valued at $59,188,000 after acquiring an additional 96,278 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Euronet Worldwide during the second quarter worth about $9,047,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Stock Performance

NASDAQ EEFT opened at $98.66 on Monday. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 17.37 and a beta of 1.46. The business’s 50 day moving average is $100.52 and its two-hundred day moving average is $104.53. Euronet Worldwide, Inc. has a 12-month low of $75.41 and a 12-month high of $117.66. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85.

Euronet Worldwide (NASDAQ:EEFT) last released its 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 return on equity of 27.81% and a net margin of 7.46%. The company had revenue of $986.20 million during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company earned $1.84 earnings per share. Euronet Worldwide’s quarterly revenue was up 5.0% compared to the same quarter last year. Research analysts expect that Euronet Worldwide, Inc. will post 7.88 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on EEFT shares. StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, August 9th. DA Davidson reaffirmed a “buy” rating and issued a $136.00 target price on shares of Euronet Worldwide in a report on Tuesday, October 8th. Citigroup downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $118.00 to $110.00 in a research note on Friday. Monness Crespi & Hardt boosted their price target on Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Finally, Oppenheimer started coverage on Euronet Worldwide in a research note on Tuesday, October 1st. They set an “outperform” rating and a $121.00 price objective for the company. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $122.56.

Insider Activity at Euronet Worldwide

In related news, Director Thomas A. Mcdonnell bought 3,206 shares of the stock in a transaction on Monday, August 5th. The shares were bought at an average cost of $93.86 per share, for a total transaction of $300,915.16. Following the completion of the transaction, the director now owns 90,000 shares of the company’s stock, valued at $8,447,400. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Juan Bianchi sold 4,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 12,440 shares in the company, valued at $1,276,095.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas A. Mcdonnell purchased 3,206 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost of $93.86 per share, with a total value 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 ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 10.50% of the company’s stock.

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.