Fmr LLC Boosts Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Fmr LLC lifted its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 21.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,216 shares of the business services provider’s stock after purchasing an additional 13,093 shares during the period. Fmr LLC owned about 0.17% of Euronet Worldwide worth $7,464,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its holdings in Euronet Worldwide by 0.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,356,229 shares of the business services provider’s stock valued at $333,039,000 after purchasing an additional 27,254 shares during the period. Van Berkom & Associates Inc. grew its stake in Euronet Worldwide by 1.4% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,022,153 shares of the business services provider’s stock valued at $105,793,000 after acquiring an additional 14,090 shares during the period. Burgundy Asset Management Ltd. increased its holdings in Euronet Worldwide by 1.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider’s stock worth $79,415,000 after acquiring an additional 10,689 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Euronet Worldwide by 17.7% during the second quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider’s stock worth $78,172,000 after acquiring an additional 113,685 shares during the period. Finally, New South Capital Management Inc. lifted its holdings in Euronet Worldwide by 16.2% during the second quarter. New South Capital Management Inc. now owns 625,677 shares of the business services provider’s stock valued at $64,758,000 after purchasing an additional 87,258 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Insider Activity

In other Euronet Worldwide news, SVP Martin L. Bruckner sold 9,397 shares of Euronet Worldwide stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the completion of the sale, the senior vice president now directly owns 39,983 shares in the company, valued at $4,290,575.73. This trade represents a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nikos Fountas sold 21,479 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the completion of the transaction, the chief executive officer now owns 52,370 shares in the company, valued at approximately $5,423,437.20. This represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,910 shares of company stock valued at $8,780,102. 10.50% of the stock is currently owned by company insiders.

Euronet Worldwide Stock Performance

Shares of Euronet Worldwide stock opened at $103.40 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. The business’s 50 day moving average price is $101.51 and its 200 day moving average price is $102.88. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 0.94 and a beta of 1.44. Euronet Worldwide, Inc. has a one year low of $90.92 and a one year high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.11. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the company posted $2.53 EPS. On average, research analysts predict that Euronet Worldwide, Inc. will post 7.87 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. DA Davidson reissued a “buy” rating and set a $136.00 target price on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Citigroup cut Euronet Worldwide from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $118.00 to $110.00 in a report on Friday, October 18th. StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a research note on Thursday. Finally, Oppenheimer boosted their price target on Euronet Worldwide from $121.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $127.13.

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.