Euronet Worldwide, Inc. (EEFT) is Villere ST Denis J & Co. LLC’s 4th Largest Position

Villere ST Denis J & Co. LLC reduced its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 889,783 shares of the business services provider’s stock after selling 16,750 shares during the quarter. Euronet Worldwide comprises approximately 4.9% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 4th largest position. Villere ST Denis J & Co. LLC owned 1.69% of Euronet Worldwide worth $84,342,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Bristlecone Advisors LLC purchased a new position in Euronet Worldwide in the 3rd quarter worth approximately $113,000. Fiduciary Trust Co. purchased a new position in Euronet Worldwide in the 2nd quarter worth approximately $122,000. The Manufacturers Life Insurance Company raised its holdings in Euronet Worldwide by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock worth $149,000 after acquiring an additional 116 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Euronet Worldwide by 10.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock worth $157,000 after acquiring an additional 167 shares during the last quarter. Finally, World Asset Management Inc purchased a new position in Euronet Worldwide in the 2nd quarter worth approximately $201,000. 93.97% of the stock is currently owned by hedge funds and other institutional investors.

EEFT has been the subject of a number of recent analyst reports. Piper Jaffray Companies restated a “buy” rating and issued a $112.00 price objective on shares of Euronet Worldwide in a report on Sunday, October 22nd. Zacks Investment Research upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a research note on Tuesday, September 26th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $120.00 target price on shares of Euronet Worldwide in a research note on Friday, October 6th. BidaskClub upgraded shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. Finally, Northland Securities reiterated a “buy” rating and set a $110.00 target price on shares of Euronet Worldwide in a research note on Thursday, October 19th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $108.67.

In related news, Director Andrej Olechowski sold 10,276 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $97.30, for a total transaction of $999,854.80. Following the completion of the transaction, the director now owns 14,355 shares of the company’s stock, valued at $1,396,741.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Nikos Fountas sold 20,789 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $96.72, for a total transaction of $2,010,712.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 284,544 shares of company stock valued at $27,903,180. 7.70% of the stock is currently owned by corporate insiders.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Thursday, October 19th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.61. Euronet Worldwide had a net margin of 9.63% and a return on equity of 22.46%. The firm had revenue of $637.90 million during the quarter, compared to analysts’ expectations of $595.09 million. During the same quarter last year, the company posted $1.35 earnings per share. The firm’s revenue was up 21.7% compared to the same quarter last year.

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Euronet Worldwide Company Profile

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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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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