Verition Fund Management LLC raised its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 16.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,208 shares of the business services provider’s stock after acquiring an additional 856 shares during the period. Verition Fund Management LLC’s holdings in Euronet Worldwide were worth $523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of EEFT. Millennium Management LLC raised its holdings in Euronet Worldwide by 376.3% during the 4th quarter. Millennium Management LLC now owns 652,525 shares of the business services provider’s stock valued at $54,988,000 after buying an additional 515,535 shares during the period. Victory Capital Management Inc. increased its stake in Euronet Worldwide by 12.1% in the fourth quarter. Victory Capital Management Inc. now owns 2,712,984 shares of the business services provider’s stock worth $228,623,000 after purchasing an additional 292,777 shares during the period. Wasatch Advisors Inc. increased its stake in Euronet Worldwide by 14.5% in the fourth quarter. Wasatch Advisors Inc. now owns 874,298 shares of the business services provider’s stock worth $73,677,000 after purchasing an additional 111,033 shares during the period. Russell Investments Group Ltd. increased its stake in Euronet Worldwide by 474.2% in the third quarter. Russell Investments Group Ltd. now owns 132,907 shares of the business services provider’s stock worth $12,599,000 after purchasing an additional 109,761 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. increased its stake in Euronet Worldwide by 207.9% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 156,333 shares of the business services provider’s stock worth $13,173,000 after purchasing an additional 105,552 shares during the period.
In other news, CEO Michael J. Brown sold 20,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $85.40, for a total transaction of $1,708,000.00. Following the transaction, the chief executive officer now owns 1,462,348 shares of the company’s stock, valued at approximately $124,884,519.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 80,000 shares of company stock worth $6,804,800 in the last three months. Corporate insiders own 7.70% of the company’s stock.
Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.01. Euronet Worldwide had a return on equity of 21.76% and a net margin of 6.97%. The business had revenue of $604.60 million for the quarter, compared to the consensus estimate of $609.53 million. During the same quarter in the prior year, the company earned $0.99 EPS. The business’s revenue was up 16.3% compared to the same quarter last year. research analysts forecast that Euronet Worldwide, Inc. will post 5 earnings per share for the current fiscal year.
A number of research firms have weighed in on EEFT. BidaskClub upgraded Euronet Worldwide from a “sell” rating to a “hold” rating in a research note on Saturday, March 17th. Lake Street Capital increased their target price on Euronet Worldwide from $100.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. DA Davidson increased their target price on Euronet Worldwide to $118.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. William Blair lowered Euronet Worldwide from an “outperform” rating to a “market perform” rating in a research note on Monday, December 18th. Finally, Goldman Sachs began coverage on Euronet Worldwide in a research note on Thursday, December 14th. They issued a “buy” rating and a $110.00 target price on the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Euronet Worldwide has an average rating of “Buy” and a consensus price target of $111.71.
Euronet Worldwide 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.
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