DekaBank Deutsche Girozentrale Has $205,000 Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

DekaBank Deutsche Girozentrale raised its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 20.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,921 shares of the business services provider’s stock after acquiring an additional 325 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Euronet Worldwide were worth $205,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Euronet Worldwide during the 4th quarter valued at $54,947,000. Ophir Asset Management Pty Ltd bought a new position in Euronet Worldwide during the fourth quarter valued at about $31,186,000. Burgundy Asset Management Ltd. lifted its position in shares of Euronet Worldwide by 67.8% in the fourth quarter. Burgundy Asset Management Ltd. now owns 746,579 shares of the business services provider’s stock worth $75,770,000 after buying an additional 301,771 shares during the last quarter. Kodai Capital Management LP acquired a new stake in shares of Euronet Worldwide in the fourth quarter worth about $23,728,000. Finally, Wasatch Advisors LP boosted its stake in shares of Euronet Worldwide by 51.2% during the 4th quarter. Wasatch Advisors LP now owns 579,334 shares of the business services provider’s stock worth $58,797,000 after acquiring an additional 196,161 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Thomas A. Mcdonnell acquired 3,206 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $93.86 per share, with a total value of $300,915.16. Following the acquisition, the director now owns 90,000 shares of the company’s stock, valued at $8,447,400. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Thomas A. Mcdonnell bought 3,206 shares of Euronet Worldwide stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $93.86 per share, with a total value of $300,915.16. Following the completion of the transaction, the director now directly owns 90,000 shares in the company, valued at $8,447,400. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the sale, the chief executive officer now owns 12,440 shares in the company, valued at approximately $1,276,095.20. The disclosure for this sale can be found here. Corporate insiders own 10.50% of the company’s stock.

Euronet Worldwide Price Performance

Shares of Euronet Worldwide stock opened at $100.66 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market cap of $4.62 billion, a PE ratio of 17.72 and a beta of 1.46. The firm has a fifty day moving average price of $101.30 and a two-hundred day moving average price of $106.08. Euronet Worldwide, Inc. has a fifty-two week low of $73.84 and a fifty-two week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data 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 net margin of 7.46% and a return on equity of 27.81%. The business had revenue of $986.20 million during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the business earned $1.84 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts expect that Euronet Worldwide, Inc. will post 7.88 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on EEFT shares. Monness Crespi & Hardt raised 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. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Euronet Worldwide in a research note on Wednesday, September 4th. Finally, Citigroup boosted their target price on shares of Euronet Worldwide from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $124.11.

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.