17,052 Shares in Euronet Worldwide, Inc. (NASDAQ:EEFT) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 17,052 shares of the business services provider’s stock, valued at approximately $1,692,000.

Several other large investors have also modified their holdings of EEFT. Summit Securities Group LLC purchased a new position in Euronet Worldwide during the 2nd quarter worth $57,000. GAMMA Investing LLC grew its holdings in shares of Euronet Worldwide by 69.5% during the second quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock worth $61,000 after buying an additional 241 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in Euronet Worldwide in the 2nd quarter valued at about $80,000. Mendota Financial Group LLC purchased a new stake in Euronet Worldwide during the 3rd quarter valued at approximately $100,000. Finally, Daiwa Securities Group Inc. acquired a new stake in Euronet Worldwide during the 3rd quarter worth approximately $109,000. 91.60% of the stock is owned by institutional investors and hedge funds.

Euronet Worldwide Stock Performance

NASDAQ EEFT opened at $105.47 on Wednesday. The business has a 50 day moving average price of $100.71 and a 200 day moving average price of $103.24. The company has a market capitalization of $4.63 billion, a P/E ratio of 15.24, a PEG ratio of 0.96 and a beta of 1.44. Euronet Worldwide, Inc. has a 1-year low of $87.85 and a 1-year 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.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the business posted $2.53 earnings per share. Sell-side analysts expect that Euronet Worldwide, Inc. will post 7.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, CEO Juan Bianchi sold 4,000 shares of the company’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 sale, the chief executive officer now directly owns 12,440 shares in the company, valued at $1,276,095.20. This represents a 24.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kevin J. Caponecchi sold 52,034 shares of the 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 sale, the chief executive officer now directly owns 90,288 shares in the company, valued at approximately $9,625,603.68. The trade was a 36.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,431 shares of company stock worth $6,966,057. Insiders own 10.50% of the company’s stock.

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.