247,689 Shares in Euronet Worldwide, Inc. $EEFT Bought by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC purchased a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 247,689 shares of the business services provider’s stock, valued at approximately $18,128,000.

Several other institutional investors have also bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Euronet Worldwide in the 2nd quarter worth about $294,000. OneDigital Investment Advisors LLC bought a new position in shares of Euronet Worldwide in the 2nd quarter valued at about $657,000. Bank of New York Mellon Corp bought a new position in shares of Euronet Worldwide in the 2nd quarter valued at about $18,344,000. State of Wyoming purchased a new position in Euronet Worldwide in the second quarter worth about $73,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in Euronet Worldwide in the second quarter worth about $866,000. Institutional investors own 91.60% of the company’s stock.

Insiders Place Their Bets

In other news, Director Thomas A. Mcdonnell bought 3,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average cost of $66.87 per share, with a total value of $200,610.00. Following the transaction, the director directly owned 100,219 shares in the company, valued at approximately $6,701,644.53. This trade represents a 3.09% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 12.19% of the stock is currently owned by company insiders.

Euronet Worldwide Stock Performance

Shares of NASDAQ:EEFT opened at $70.55 on Tuesday. The firm’s 50 day simple moving average is $73.50 and its 200-day simple moving average is $71.47. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.37 and a current ratio of 1.37. Euronet Worldwide, Inc. has a one year low of $62.50 and a one year high of $98.52. The firm has a market cap of $2.69 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 0.59 and a beta of 0.82.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Thursday, July 30th. The business services provider reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.11). Euronet Worldwide had a net margin of 6.63% and a return on equity of 28.60%. During the same period in the previous year, the business posted $2.56 earnings per share. Euronet Worldwide’s revenue was up 3.2% on a year-over-year basis. As a group, equities analysts predict that Euronet Worldwide, Inc. will post 9.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EEFT. Needham & Company LLC upped their price objective on Euronet Worldwide from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings cut Euronet Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Finally, DA Davidson reissued a “buy” rating and set a $102.00 target price on shares of Euronet Worldwide in a research report on Friday, July 10th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $96.00.

Euronet Worldwide Profile

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.