Oak Ridge Investments LLC grew its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 632,977 shares of the business services provider’s stock after purchasing an additional 3,441 shares during the period. Euronet Worldwide makes up 1.8% of Oak Ridge Investments LLC’s investment portfolio, making the stock its 16th largest position. Oak Ridge Investments LLC owned 1.20% of Euronet Worldwide worth $55,303,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in EEFT. William Blair Investment Management LLC acquired a new position in shares of Euronet Worldwide in the 1st quarter valued at $71,781,000. Janus Capital Management LLC lifted its stake in shares of Euronet Worldwide by 15.3% in the 1st quarter. Janus Capital Management LLC now owns 3,361,668 shares of the business services provider’s stock valued at $287,489,000 after purchasing an additional 445,746 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Euronet Worldwide by 67.2% in the 1st quarter. Ameriprise Financial Inc. now owns 617,953 shares of the business services provider’s stock valued at $52,847,000 after purchasing an additional 248,256 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new position in shares of Euronet Worldwide in the 1st quarter valued at $18,377,000. Finally, Marshall Wace North America L.P. acquired a new position in shares of Euronet Worldwide in the 1st quarter valued at $18,377,000. 93.96% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently commented on the company. Lake Street Capital reaffirmed a “buy” rating and issued a $99.00 price target (up previously from $96.00) on shares of Euronet Worldwide in a research note on Thursday, July 27th. BidaskClub raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, DA Davidson assumed coverage on Euronet Worldwide in a research note on Wednesday, July 19th. They issued a “buy” rating and a $105.00 price target on the stock. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $100.20.
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In related news, VP Jeffrey B. Newman sold 3,433 shares of Euronet Worldwide stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $92.00, for a total value of $315,836.00. Following the transaction, the vice president now owns 16,386 shares in the company, valued at $1,507,512. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Rick Weller sold 76,563 shares of Euronet Worldwide stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $97.51, for a total value of $7,465,658.13. Following the completion of the transaction, the chief financial officer now owns 81,221 shares in the company, valued at approximately $7,919,859.71. The disclosure for this sale can be found here. Insiders have sold 265,186 shares of company stock worth $25,454,608 in the last 90 days. Insiders own 7.70% of the company’s stock.
Euronet Worldwide, Inc. (NASDAQ EEFT) traded down 0.30% during midday trading on Friday, hitting $97.09. The company had a trading volume of 193,416 shares. The stock has a 50 day moving average of $96.14 and a 200 day moving average of $88.13. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 31.34 and a beta of 1.36. Euronet Worldwide, Inc. has a 52-week low of $70.51 and a 52-week high of $98.55.
Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Wednesday, July 26th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.01. Euronet Worldwide had a return on equity of 22.32% and a net margin of 8.23%. The business had revenue of $536.60 million for the quarter, compared to analysts’ expectations of $513.10 million. During the same quarter last year, the firm earned $0.97 earnings per share. The business’s revenue was up 12.5% on a year-over-year basis. On average, analysts anticipate that Euronet Worldwide, Inc. will post $4.55 EPS for the current year.
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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