Dimensional Fund Advisors LP Buys 7,343 Shares of Euronet Worldwide, Inc. (EEFT)

Dimensional Fund Advisors LP grew its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 472,823 shares of the business services provider’s stock after purchasing an additional 7,343 shares during the period. Dimensional Fund Advisors LP’s holdings in Euronet Worldwide were worth $44,817,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. American Century Companies Inc. lifted its holdings in shares of Euronet Worldwide by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 4,972 shares of the business services provider’s stock valued at $434,000 after purchasing an additional 94 shares during the last quarter. Utah Retirement Systems lifted its holdings in shares of Euronet Worldwide by 1.1% during the 2nd quarter. Utah Retirement Systems now owns 9,200 shares of the business services provider’s stock valued at $804,000 after purchasing an additional 100 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Euronet Worldwide by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 116 shares during the last quarter. Dana Investment Advisors Inc. lifted its holdings in shares of Euronet Worldwide by 0.5% during the 2nd quarter. Dana Investment Advisors Inc. now owns 29,239 shares of the business services provider’s stock valued at $2,555,000 after purchasing an additional 156 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Euronet Worldwide by 10.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock valued at $157,000 after purchasing an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 95.17% of the company’s stock.

EEFT has been the subject of several analyst reports. Piper Jaffray Companies reiterated a “buy” rating and set a $112.00 price objective on shares of Euronet Worldwide in a report on Sunday, October 22nd. Northland Securities restated a “buy” rating and issued a $110.00 target price on shares of Euronet Worldwide in a research note on Thursday, October 19th. SunTrust Banks restated a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a research note on Friday, October 6th. Zacks Investment Research upgraded 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. Finally, Goldman Sachs Group initiated coverage on Euronet Worldwide in a research note on Thursday, December 14th. They issued a “buy” rating and a $110.00 target price for the company. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $108.86.

In other Euronet Worldwide news, CEO Nikos Fountas sold 296 shares of Euronet Worldwide stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $92.00, for a total transaction of $27,232.00. Following the completion of the transaction, the chief executive officer now owns 550 shares in the company, valued at approximately $50,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Rick Weller sold 15,601 shares of Euronet Worldwide stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $92.01, for a total value of $1,435,448.01. Following the transaction, the chief financial officer now owns 80,285 shares of the company’s stock, valued at approximately $7,387,022.85. The disclosure for this sale can be found here. Insiders sold a total of 94,235 shares of company stock valued at $9,201,216 in the last 90 days. 7.70% of the stock is currently owned by company insiders.

Euronet Worldwide, Inc. (NASDAQ:EEFT) opened at $95.12 on Tuesday. The stock has a market capitalization of $5,010.00, a price-to-earnings ratio of 25.10, a P/E/G ratio of 1.27 and a beta of 1.36. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 1.44. Euronet Worldwide, Inc. has a 52 week low of $70.51 and a 52 week high of $101.07.

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 Zacks’ consensus estimate of $1.61. The company had revenue of $637.90 million during the quarter, compared to analyst estimates of $595.09 million. Euronet Worldwide had a return on equity of 22.46% and a net margin of 9.63%. The firm’s quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter last year, the business posted $1.35 EPS. analysts forecast that Euronet Worldwide, Inc. will post 4.33 earnings per share for the current fiscal year.

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

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