Euronet Worldwide, Inc. (EEFT) Shares Sold by NWQ Investment Management Company LLC

NWQ Investment Management Company LLC lowered its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 16.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 267,293 shares of the business services provider’s stock after selling 53,560 shares during the quarter. NWQ Investment Management Company LLC owned approximately 0.51% of Euronet Worldwide worth $25,337,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Stifel Financial Corp boosted its position in Euronet Worldwide by 6.0% during the 3rd quarter. Stifel Financial Corp now owns 151,944 shares of the business services provider’s stock valued at $14,397,000 after acquiring an additional 8,631 shares in the last quarter. OxFORD Asset Management LLP boosted its position in Euronet Worldwide by 175.8% during the 3rd quarter. OxFORD Asset Management LLP now owns 10,715 shares of the business services provider’s stock valued at $1,014,000 after acquiring an additional 6,830 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in Euronet Worldwide by 52.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 235,964 shares of the business services provider’s stock valued at $22,367,000 after acquiring an additional 80,840 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Euronet Worldwide by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 472,823 shares of the business services provider’s stock valued at $44,817,000 after acquiring an additional 7,343 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in Euronet Worldwide by 7.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 269,824 shares of the business services provider’s stock valued at $25,577,000 after acquiring an additional 18,743 shares in the last quarter. 95.39% of the stock is currently owned by institutional investors.

Several analysts have issued reports on the company. Northland Securities reaffirmed a “buy” rating and set a $110.00 target price on shares of Euronet Worldwide in a research report on Thursday, October 19th. Piper Jaffray Companies reissued a “buy” rating and issued a $112.00 price objective on shares of Euronet Worldwide in a research report on Sunday, October 22nd. Zacks Investment Research raised Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a research report on Tuesday, September 26th. SunTrust Banks reissued a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research report on Friday, October 6th. Finally, BidaskClub raised Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $108.67.

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) opened at $92.71 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 1.44. The firm has a market capitalization of $4,792.39, a price-to-earnings ratio of 21.82, a PEG ratio of 1.40 and a beta of 1.36. Euronet Worldwide, Inc. has a 52-week low of $70.51 and a 52-week high of $101.07.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Thursday, October 19th. The business services provider reported $1.61 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.61. The firm had revenue of $637.90 million during the quarter, compared to analysts’ expectations of $595.09 million. Euronet Worldwide had a return on equity of 22.46% and a net margin of 9.63%. The business’s quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.35 EPS. research analysts expect that Euronet Worldwide, Inc. will post 4.33 earnings per share for the current fiscal year.

In other news, CEO Michael J. Brown sold 63,538 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $100.06, for a total value of $6,357,612.28. Following the completion of the sale, the chief executive officer now owns 1,603,486 shares of the company’s stock, valued at approximately $160,444,809.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kevin J. Caponecchi sold 49,238 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $97.67, for a total value of $4,809,075.46. Following the completion of the transaction, the chief executive officer now owns 79,096 shares of the company’s stock, valued at approximately $7,725,306.32. The disclosure for this sale can be found here. Insiders sold a total of 125,452 shares of company stock valued at $12,406,543 in the last three months. Insiders own 7.70% of the company’s stock.

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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.

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

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