Mutual of America Capital Management LLC Reduces Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Mutual of America Capital Management LLC decreased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 41.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,818 shares of the business services provider’s stock after selling 16,070 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.05% of Euronet Worldwide worth $2,264,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its position in shares of Euronet Worldwide by 0.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,356,229 shares of the business services provider’s stock valued at $333,039,000 after acquiring an additional 27,254 shares in the last quarter. Janus Henderson Group PLC boosted its holdings 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 acquiring an additional 15,837 shares during the period. Van Berkom & Associates Inc. grew its holdings in shares of Euronet Worldwide by 1.4% in the second quarter. Van Berkom & Associates Inc. now owns 1,022,153 shares of the business services provider’s stock worth $105,793,000 after purchasing an additional 14,090 shares during the last quarter. Burgundy Asset Management Ltd. increased its stake in Euronet Worldwide by 1.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider’s stock worth $79,415,000 after buying an additional 10,689 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Euronet Worldwide by 17.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider’s stock valued at $78,172,000 after buying an additional 113,685 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Insider Activity

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction dated Thursday, September 5th. The stock was 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 approximately $1,276,095.20. The trade was a 24.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 10.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Monness Crespi & Hardt raised shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. DA Davidson reaffirmed a “buy” rating and set a $136.00 target price on shares of Euronet Worldwide in a research report on Tuesday, October 8th. StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Citigroup downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $118.00 to $110.00 in a report on Friday, October 18th. Finally, Oppenheimer initiated coverage on shares of Euronet Worldwide in a report on Tuesday, October 1st. They set an “outperform” rating and a $121.00 target price on the stock. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Euronet Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.38.

Euronet Worldwide Price Performance

NASDAQ EEFT opened at $105.51 on Monday. The firm’s fifty day simple moving average is $99.99 and its two-hundred day simple moving average is $103.70. The firm has a market capitalization of $4.64 billion, a P/E ratio of 15.25 and a beta of 1.46. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. Euronet Worldwide, Inc. has a 12-month low of $86.26 and a 12-month high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.11. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the business earned $2.53 EPS. Analysts forecast that Euronet Worldwide, Inc. will post 7.87 EPS 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.