Renaissance Technologies LLC Acquires 11,255 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Renaissance Technologies LLC boosted its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 8.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 148,600 shares of the business services provider’s stock after purchasing an additional 11,255 shares during the quarter. Renaissance Technologies LLC owned about 0.32% of Euronet Worldwide worth $15,380,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its stake in Euronet Worldwide by 1.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,390,895 shares of the business services provider’s stock valued at $152,900,000 after purchasing an additional 15,837 shares during the period. Van Berkom & Associates Inc. lifted its position in shares of 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 worth $105,793,000 after acquiring an additional 14,090 shares during the period. Burgundy Asset Management Ltd. lifted its position in shares of Euronet Worldwide by 1.3% in the 1st quarter. Burgundy Asset Management Ltd. now owns 756,604 shares of the business services provider’s stock worth $83,173,000 after acquiring an additional 10,025 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of 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 worth $78,172,000 after acquiring an additional 113,685 shares during the period. Finally, New South Capital Management Inc. lifted its position in shares of Euronet Worldwide by 16.2% in the 2nd 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 during the period. Institutional investors own 91.60% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, Director Thomas A. Mcdonnell purchased 3,206 shares of the company’s 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 acquisition, the director now directly owns 90,000 shares of the company’s stock, valued at approximately $8,447,400. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Thomas A. Mcdonnell bought 3,206 shares of the stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $93.86 per share, with a total value of $300,915.16. Following the purchase, the director now owns 90,000 shares of the company’s stock, valued at $8,447,400. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at $1,276,095.20. The disclosure for this sale can be found here. Insiders own 10.50% of the company’s stock.

Euronet Worldwide Trading Up 0.2 %

EEFT stock opened at $100.66 on Friday. The business has a fifty day moving average price of $101.30 and a 200 day moving average price of $106.07. Euronet Worldwide, Inc. has a fifty-two week low of $73.84 and a fifty-two week high of $117.66. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 17.72 and a beta of 1.46. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.19 and a quick ratio of 1.19.

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

Euronet Worldwide Company 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.