Axa S.A. Invests $1.12 Million in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Axa S.A. bought a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 10,791 shares of the business services provider’s stock, valued at approximately $1,117,000.

Several other institutional investors and hedge funds have also bought and sold shares of EEFT. UBS Group AG increased its stake in Euronet Worldwide by 110.5% in the fourth quarter. UBS Group AG now owns 64,970 shares of the business services provider’s stock valued at $6,594,000 after purchasing an additional 34,111 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in Euronet Worldwide by 4.2% during the 4th quarter. Treasurer of the State of North Carolina now owns 21,645 shares of the business services provider’s stock worth $2,197,000 after buying an additional 880 shares during the period. Peapack Gladstone Financial Corp bought a new position in Euronet Worldwide in the fourth quarter worth approximately $205,000. Oppenheimer & Co. Inc. grew its stake in Euronet Worldwide by 3.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 17,727 shares of the business services provider’s stock valued at $1,799,000 after acquiring an additional 546 shares during the period. Finally, Exencial Wealth Advisors LLC increased its holdings in shares of Euronet Worldwide by 20.3% during the fourth quarter. Exencial Wealth Advisors LLC now owns 3,395 shares of the business services provider’s stock valued at $345,000 after acquiring an additional 573 shares in the last quarter. 91.60% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Thomas A. Mcdonnell purchased 3,206 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average cost 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 filing with the Securities & Exchange Commission, which is accessible through this link. In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas A. Mcdonnell bought 3,206 shares of the stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $93.86 per share, for a total transaction of $300,915.16. Following the completion of the purchase, the director now owns 90,000 shares of the company’s stock, valued at $8,447,400. The disclosure for this purchase can be found here. Insiders own 10.50% of the company’s stock.

Analyst Ratings Changes

EEFT has been the topic of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Euronet Worldwide in a report on Wednesday, September 4th. Monness Crespi & Hardt lifted their price objective on shares of Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Oppenheimer began coverage on shares of Euronet Worldwide in a research report on Tuesday. They issued an “outperform” rating and a $121.00 price target on the stock. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Euronet Worldwide currently has an average rating of “Moderate Buy” and an average price target of $125.33.

Euronet Worldwide Trading Down 0.4 %

NASDAQ:EEFT opened at $98.79 on Wednesday. Euronet Worldwide, Inc. has a 52 week low of $73.84 and a 52 week high of $117.66. The firm has a 50-day moving average price of $100.64 and a two-hundred day moving average price of $105.59. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 17.39 and a beta of 1.46.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results 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 return on equity of 27.81% and a net margin of 7.46%. The company had revenue of $986.20 million during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the business posted $1.84 earnings per share. Euronet Worldwide’s revenue was up 5.0% on a year-over-year basis. On average, equities analysts expect that Euronet Worldwide, Inc. will post 7.86 earnings per share for the current fiscal year.

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.