Pacer Advisors Inc. Grows Position in Euronet Worldwide, Inc. (EEFT)

Pacer Advisors Inc. boosted its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 16.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,279 shares of the business services provider’s stock after acquiring an additional 1,178 shares during the period. Pacer Advisors Inc.’s holdings in Euronet Worldwide were worth $785,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Alps Advisors Inc. raised its position in shares of Euronet Worldwide by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,753 shares of the business services provider’s stock worth $503,000 after purchasing an additional 15 shares during the period. Renaissance Group LLC raised its position in Euronet Worldwide by 0.9% in the 2nd quarter. Renaissance Group LLC now owns 3,864 shares of the business services provider’s stock valued at $338,000 after buying an additional 36 shares during the last quarter. American Century Companies Inc. raised its position in Euronet Worldwide by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 4,972 shares of the business services provider’s stock valued at $434,000 after buying an additional 94 shares during the last quarter. NGAM Advisors L.P. raised its position in Euronet Worldwide by 0.3% in the 2nd quarter. NGAM Advisors L.P. now owns 29,932 shares of the business services provider’s stock valued at $2,616,000 after buying an additional 95 shares during the last quarter. Finally, Utah Retirement Systems grew its stake in Euronet Worldwide by 1.1% in 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 period. Institutional investors and hedge funds own 95.39% of the company’s stock.

Shares of Euronet Worldwide, Inc. (NASDAQ EEFT) opened at $92.58 on Wednesday. Euronet Worldwide, Inc. has a 1-year low of $70.51 and a 1-year high of $101.07. The firm has a market capitalization of $4,792.39, a PE ratio of 21.82, a price-to-earnings-growth ratio of 1.40 and a beta of 1.36. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Thursday, October 19th. The business services provider reported $1.61 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.61. The company had revenue of $637.90 million for 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%. Euronet Worldwide’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period last year, the firm posted $1.35 EPS. equities research analysts forecast that Euronet Worldwide, Inc. will post 4.33 earnings per share for the current year.

In other news, CEO Michael J. Brown sold 63,538 shares of Euronet Worldwide stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 1,603,486 shares in the company, valued at approximately $160,444,809.16. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Andrej Olechowski sold 10,276 shares of Euronet Worldwide stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $97.30, for a total value of $999,854.80. Following the completion of the sale, the director now owns 14,355 shares in the company, valued at $1,396,741.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,452 shares of company stock worth $12,406,543. 7.70% of the stock is owned by corporate insiders.

A number of research analysts have issued reports on the company. Piper Jaffray Companies restated a “buy” rating and issued a $112.00 price objective on shares of Euronet Worldwide in a research note on Sunday, October 22nd. Zacks Investment Research downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. SunTrust Banks reiterated a “buy” rating and set a $120.00 price target on shares of Euronet Worldwide in a research note on Friday, October 6th. BidaskClub upgraded Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. Finally, 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. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $108.67.

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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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