Euronet Worldwide, Inc. (NASDAQ:EEFT) Stock Holdings Lifted by Maverick Capital Ltd.

Maverick Capital Ltd. lifted its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 24.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 18,549 shares of the business services provider’s stock after purchasing an additional 3,633 shares during the quarter. Maverick Capital Ltd.’s holdings in Euronet Worldwide were worth $1,841,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of EEFT. Tidal Investments LLC lifted its stake in Euronet Worldwide by 15.6% in the first quarter. Tidal Investments LLC now owns 9,018 shares of the business services provider’s stock valued at $991,000 after buying an additional 1,217 shares during the last quarter. Comerica Bank raised its holdings in Euronet Worldwide by 22.1% during the first quarter. Comerica Bank now owns 23,657 shares of the business services provider’s stock worth $2,601,000 after purchasing an additional 4,288 shares in the last quarter. GAMMA Investing LLC lifted its position in Euronet Worldwide by 69.5% in the second quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock worth $61,000 after purchasing an additional 241 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Euronet Worldwide by 236.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 46,273 shares of the business services provider’s stock valued at $4,789,000 after purchasing an additional 32,519 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Euronet Worldwide by 87.7% in the 2nd quarter. CWM LLC now owns 1,860 shares of the business services provider’s stock worth $193,000 after buying an additional 869 shares in the last quarter. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Trading Down 0.0 %

NASDAQ:EEFT opened at $105.13 on Friday. The stock has a market cap of $4.62 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 0.95 and a beta of 1.46. Euronet Worldwide, Inc. has a fifty-two week low of $86.51 and a fifty-two week high of $117.66. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26. The stock’s 50-day moving average is $100.55 and its two-hundred day moving average is $103.54.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.11. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.04 billion. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. During the same quarter in the prior year, the business earned $2.53 EPS. As a group, equities research analysts forecast that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Needham & Company LLC cut their target price on shares of Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. DA Davidson restated a “buy” rating and issued a $136.00 price target on shares of Euronet Worldwide in a research report on Tuesday, October 8th. StockNews.com upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Finally, Citigroup lowered Euronet Worldwide from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $127.13.

Insider Activity at Euronet Worldwide

In related news, CEO Kevin J. Caponecchi sold 52,034 shares of the company’s stock in a transaction on 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 directly owns 90,288 shares in the company, valued at approximately $9,625,603.68. This represents a 36.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Martin L. Bruckner sold 9,397 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the transaction, the senior vice president now directly owns 39,983 shares in the company, valued at $4,290,575.73. The trade was a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,431 shares of company stock valued at $6,966,057. 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.