Stifel Financial Corp Buys 232 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Stifel Financial Corp raised its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,729 shares of the business services provider’s stock after purchasing an additional 232 shares during the period. Stifel Financial Corp’s holdings in Euronet Worldwide were worth $1,164,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EEFT. Oppenheimer & Co. Inc. increased its holdings in Euronet Worldwide by 0.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider’s stock worth $1,793,000 after acquiring an additional 133 shares during the period. Arizona State Retirement System increased its holdings in shares of Euronet Worldwide by 1.1% in the second quarter. Arizona State Retirement System now owns 12,176 shares of the business services provider’s stock worth $1,260,000 after buying an additional 135 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in Euronet Worldwide by 6.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider’s stock worth $243,000 after acquiring an additional 143 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Euronet Worldwide by 0.6% during the third quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider’s stock worth $2,540,000 after purchasing an additional 158 shares during the period. Finally, State of Alaska Department of Revenue raised its position in Euronet Worldwide by 3.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 4,903 shares of the business services provider’s stock valued at $486,000 after purchasing an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

Shares of EEFT stock opened at $103.67 on Monday. The firm has a market capitalization of $4.55 billion, a P/E ratio of 14.98, a P/E/G ratio of 0.95 and a beta of 1.44. Euronet Worldwide, Inc. has a 52-week low of $91.07 and a 52-week high of $117.66. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a 50 day moving average price of $102.40 and a 200 day moving average price of $102.28.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.11. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. During the same period in the prior year, the business earned $2.53 EPS. As a group, sell-side analysts predict that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EEFT. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, December 13th. Citigroup cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $118.00 to $110.00 in a report on Friday, October 18th. DA Davidson restated a “buy” rating and issued a $136.00 price target on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Finally, Oppenheimer lowered their target price on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a report on Thursday. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.25.

Insider Transactions at Euronet Worldwide

In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 52,034 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $106.61, for a total value of $5,547,344.74. Following the completion of the sale, the chief executive officer now owns 90,288 shares in the company, valued at approximately $9,625,603.68. This represents a 36.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Nikos Fountas sold 21,479 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $103.56, for a total value of $2,224,365.24. Following the completion of the sale, the chief executive officer now directly owns 52,370 shares of the company’s stock, valued at $5,423,437.20. This trade represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,910 shares of company stock worth $8,780,102 over the last 90 days. 10.50% of the stock is currently owned by company insiders.

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.