King Luther Capital Management Corp Boosts Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

King Luther Capital Management Corp grew its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 4.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 73,160 shares of the business services provider’s stock after acquiring an additional 3,157 shares during the period. King Luther Capital Management Corp owned about 0.16% of Euronet Worldwide worth $7,572,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Kodai Capital Management LP purchased a new stake in Euronet Worldwide during the fourth quarter valued at about $23,728,000. Granahan Investment Management LLC boosted its holdings in Euronet Worldwide by 8.0% in the 4th quarter. Granahan Investment Management LLC now owns 221,061 shares of the business services provider’s stock worth $22,435,000 after buying an additional 16,358 shares during the period. Clearbridge Investments LLC increased its position in shares of Euronet Worldwide by 4.5% during the first quarter. Clearbridge Investments LLC now owns 567,058 shares of the business services provider’s stock valued at $62,337,000 after buying an additional 24,566 shares during the period. LSV Asset Management purchased a new stake in shares of Euronet Worldwide in the first quarter worth about $1,638,000. Finally, Ellsworth Advisors LLC purchased a new position in Euronet Worldwide during the second quarter valued at approximately $514,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Wall Street Analyst Weigh In

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

Euronet Worldwide Stock Up 0.2 %

Shares of NASDAQ EEFT opened at $100.66 on Friday. The firm’s fifty day moving average is $101.30 and its 200 day moving average is $106.08. Euronet Worldwide, Inc. has a 52 week low of $73.84 and a 52 week high of $117.66. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.85. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 17.72 and a beta of 1.46.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Thursday, July 18th. The business services provider reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.21. The firm had revenue of $986.20 million for the quarter, compared to analysts’ expectations of $1.09 billion. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.84 earnings per share. On average, equities research analysts expect that Euronet Worldwide, Inc. will post 7.88 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Juan Bianchi sold 4,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at $1,276,095.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction dated Thursday, September 5th. The shares were 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 of the company’s stock, valued at approximately $1,276,095.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas A. Mcdonnell bought 3,206 shares of Euronet Worldwide stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $93.86 per share, for a total transaction of $300,915.16. Following the acquisition, 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. Company insiders own 10.50% of the company’s stock.

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.