Capital Fund Management S.A. acquired a new stake in shares of Euronet Worldwide Inc. (NASDAQ:EEFT) during the second quarter, Holdings Channel reports. The firm acquired 36,721 shares of the company’s stock, valued at approximately $2,541,000.
Several other hedge funds also recently added to or reduced their stakes in EEFT. RS Investment Management Co. LLC raised its stake in shares of Euronet Worldwide by 8.9% in the second quarter. RS Investment Management Co. LLC now owns 1,822,483 shares of the company’s stock worth $126,098,000 after buying an additional 148,594 shares during the period. State Street Corp raised its stake in shares of Euronet Worldwide by 2.4% in the first quarter. State Street Corp now owns 956,898 shares of the company’s stock worth $70,918,000 after buying an additional 22,785 shares during the period. Van Berkom & Associates Inc. raised its stake in shares of Euronet Worldwide by 4.7% in the second quarter. Van Berkom & Associates Inc. now owns 811,064 shares of the company’s stock worth $56,118,000 after buying an additional 36,606 shares during the period. Loomis Sayles & Co. L P raised its stake in shares of Euronet Worldwide by 5.7% in the first quarter. Loomis Sayles & Co. L P now owns 774,445 shares of the company’s stock worth $57,394,000 after buying an additional 41,439 shares during the period. Finally, Norges Bank acquired a new stake in shares of Euronet Worldwide during the fourth quarter worth approximately $32,384,000. Institutional investors own 89.92% of the company’s stock.
Shares of Euronet Worldwide Inc. (NASDAQ:EEFT) traded up 1.57% during trading on Wednesday, hitting $83.62. 568,694 shares of the company were exchanged. Euronet Worldwide Inc. has a 1-year low of $52.00 and a 1-year high of $84.43. The company has a 50 day moving average of $79.33 and a 200-day moving average of $76.32. The stock has a market capitalization of $4.36 billion, a PE ratio of 30.39 and a beta of 1.49.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.07. Euronet Worldwide had a return on equity of 22.65% and a net margin of 8.01%. The company earned $476.90 million during the quarter, compared to analyst estimates of $470.99 million. During the same quarter last year, the firm posted $0.78 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis. On average, analysts forecast that Euronet Worldwide Inc. will post $4.07 earnings per share for the current year.
EEFT has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th. Monness Crespi & Hardt downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a report on Friday, June 10th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $85.00.
In other Euronet Worldwide news, VP Jeffrey B. Newman sold 5,772 shares of the stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $77.80, for a total value of $449,061.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin J. Caponecchi sold 58,573 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $75.52, for a total value of $4,423,432.96. The disclosure for this sale can be found here. 7.30% of the stock is owned by corporate insiders.
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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