Oppenheimer & Co. Inc. Buys 238 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Oppenheimer & Co. Inc. boosted its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,941 shares of the business services provider’s stock after acquiring an additional 238 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Euronet Worldwide were worth $1,857,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in EEFT. Quadrant Capital Group LLC increased its position in shares of Euronet Worldwide by 242.7% during the 4th quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 250 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Euronet Worldwide during the first quarter worth approximately $50,000. Covestor Ltd lifted its holdings in shares of Euronet Worldwide by 174.9% in the 1st quarter. Covestor Ltd now owns 547 shares of the business services provider’s stock worth $60,000 after acquiring an additional 348 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of Euronet Worldwide in the 2nd quarter worth approximately $57,000. Finally, GAMMA Investing LLC grew its holdings in shares of Euronet Worldwide by 69.5% during the 2nd quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on EEFT. Citigroup boosted their price target on shares of Euronet Worldwide from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Euronet Worldwide in a research note on Wednesday, September 4th. Finally, Monness Crespi & Hardt increased their price objective on Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.11.

Euronet Worldwide Stock Performance

Shares of Euronet Worldwide stock opened at $98.59 on Tuesday. The business has a fifty day simple moving average of $101.50 and a two-hundred day simple moving average of $106.37. The firm has a market capitalization of $4.52 billion, a P/E ratio of 17.36 and a beta of 1.46. 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, Inc. has a 12 month low of $73.84 and a 12 month high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data 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. 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 analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm posted $1.84 earnings per share. Euronet Worldwide’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts forecast that Euronet Worldwide, Inc. will post 7.88 earnings per share for the current fiscal year.

Insider Activity at Euronet Worldwide

In related news, Director Thomas A. Mcdonnell bought 3,206 shares of the company’s stock in a transaction 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 acquisition, the director now owns 90,000 shares of the company’s stock, valued at approximately $8,447,400. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction of $410,320.00. Following the completion of the sale, the chief executive officer now owns 12,440 shares of the company’s stock, valued at $1,276,095.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas A. Mcdonnell acquired 3,206 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 90,000 shares in the company, valued at approximately $8,447,400. The disclosure for this purchase can be found here. 10.50% of the stock is owned by corporate insiders.

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.