Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 32.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,911 shares of the business services provider’s stock after selling 47,173 shares during the period. Principal Financial Group Inc. owned 0.22% of Euronet Worldwide worth $9,716,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Lazard Asset Management LLC boosted its stake in shares of Euronet Worldwide by 6,250.4% during the first 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 period. Kodai Capital Management LP boosted its holdings in shares of Euronet Worldwide by 57.9% in the first quarter. Kodai Capital Management LP now owns 369,209 shares of the business services provider’s stock valued at $40,587,000 after acquiring an additional 135,416 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Euronet Worldwide by 17.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider’s stock valued at $78,172,000 after purchasing an additional 113,685 shares in the last quarter. Marshall Wace LLP acquired a new position in Euronet Worldwide during the second quarter worth $9,047,000. Finally, New South Capital Management Inc. raised its position in Euronet Worldwide by 16.2% in the second quarter. New South Capital Management Inc. now owns 625,677 shares of the business services provider’s stock worth $64,758,000 after acquiring an additional 87,258 shares in the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Juan Bianchi sold 4,000 shares of the firm’s 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 transaction, the chief executive officer now owns 12,440 shares in the company, valued at approximately $1,276,095.20. This trade represents a 24.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 10.50% of the stock is currently owned by insiders.

Euronet Worldwide Trading Down 0.3 %

Shares of Euronet Worldwide stock opened at $101.62 on Tuesday. Euronet Worldwide, Inc. has a fifty-two week low of $84.40 and a fifty-two week high of $117.66. The business’s fifty day moving average is $99.49 and its two-hundred day moving average is $103.93. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The firm has a market cap of $4.46 billion, a PE ratio of 14.68 and a beta of 1.46.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company earned $2.53 EPS. Analysts anticipate that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. DA Davidson reiterated a “buy” rating and issued a $136.00 price objective on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Needham & Company LLC reduced their price objective on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Oppenheimer began coverage on shares of Euronet Worldwide in a report on Tuesday, October 1st. They issued an “outperform” rating and a $121.00 price target on the stock. Monness Crespi & Hardt raised shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. Finally, StockNews.com upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Euronet Worldwide presently has a consensus rating of “Moderate Buy” and an average price target of $125.38.

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.