Villere ST Denis J & Co. LLC decreased its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 906,533 shares of the business services provider’s stock after selling 5,440 shares during the period. Euronet Worldwide accounts for about 4.6% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 12th largest position. Villere ST Denis J & Co. LLC owned about 1.73% of Euronet Worldwide worth $79,203,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of EEFT. Stifel Financial Corp boosted its position in shares of Euronet Worldwide by 20.5% in the first quarter. Stifel Financial Corp now owns 150,208 shares of the business services provider’s stock worth $12,837,000 after buying an additional 25,510 shares during the last quarter. Essex Investment Management Co. LLC raised its stake in Euronet Worldwide by 2.6% in the first quarter. Essex Investment Management Co. LLC now owns 5,392 shares of the business services provider’s stock valued at $461,000 after buying an additional 137 shares during the period. Profit Investment Management LLC raised its stake in Euronet Worldwide by 10.1% in the first quarter. Profit Investment Management LLC now owns 22,025 shares of the business services provider’s stock valued at $1,884,000 after buying an additional 2,017 shares during the period. Rice Hall James & Associates LLC purchased a new stake in Euronet Worldwide during the first quarter valued at about $1,907,000. Finally, Capital Impact Advisors LLC raised its stake in Euronet Worldwide by 63.4% in the first quarter. Capital Impact Advisors LLC now owns 18,461 shares of the business services provider’s stock valued at $1,579,000 after buying an additional 7,162 shares during the period. 94.42% of the stock is owned by institutional investors.
Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) opened at 95.57 on Friday. Euronet Worldwide, Inc. has a 12-month low of $70.51 and a 12-month high of $97.77. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 30.85 and a beta of 1.34. The stock has a 50 day moving average of $91.69 and a 200 day moving average of $85.21.
Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Wednesday, July 26th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.01. The business had revenue of $536.60 million for the quarter, compared to analysts’ expectations of $513.10 million. Euronet Worldwide had a net margin of 8.23% and a return on equity of 22.32%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share. Analysts forecast that Euronet Worldwide, Inc. will post $4.55 earnings per share for the current year.
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Several equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 6th. Zacks Investment Research lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Lake Street Capital reiterated a “buy” rating and set a $99.00 price objective (up previously from $96.00) on shares of Euronet Worldwide in a report on Thursday, July 27th. Finally, DA Davidson initiated coverage on shares of Euronet Worldwide in a report on Wednesday, July 19th. They set a “buy” rating and a $105.00 price objective for the company. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Euronet Worldwide currently has a consensus rating of “Buy” and a consensus target price of $100.20.
In related news, CEO Juan Bianchi sold 18,126 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $88.01, for a total value of $1,595,269.26. Following the sale, the chief executive officer now owns 9,534 shares of the company’s stock, valued at $839,087.34. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael J. Brown sold 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $96.49, for a total transaction of $5,789,400.00. Following the completion of the sale, the chief executive officer now directly owns 1,605,886 shares in the company, valued at approximately $154,951,940.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 126,883 shares of company stock worth $11,968,683. 7.70% of the stock is owned by corporate insiders.
About Euronet Worldwide
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
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