CG Asset Management LLC acquired a new position in shares of Euronet Worldwide Inc. (NASDAQ:EEFT) during the second quarter, Holdings Channel reports. The fund acquired 6,075 shares of the company’s stock, valued at approximately $420,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. RS Investment Management Co. LLC boosted its position 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 boosted its position 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. boosted its position 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 boosted its position 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 position in shares of Euronet Worldwide during the fourth quarter worth $32,384,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.
Euronet Worldwide Inc. (NASDAQ:EEFT) traded down 0.48% on Tuesday, reaching $82.33. 344,325 shares of the company’s stock traded hands. The stock has a 50-day moving average of $79.16 and a 200 day moving average of $76.27. The firm has a market capitalization of $4.29 billion, a P/E ratio of 29.92 and a beta of 1.49. Euronet Worldwide Inc. has a 52 week low of $52.00 and a 52 week high of $83.48.
Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Tuesday, July 26th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.07. The company had revenue of $476.90 million for the quarter, compared to analyst estimates of $470.99 million. Euronet Worldwide had a net margin of 8.01% and a return on equity of 22.65%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 EPS. On average, equities analysts expect that Euronet Worldwide Inc. will post $4.07 EPS for the current fiscal year.
A number of research analysts recently weighed in on EEFT shares. Zacks Investment Research cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. Monness Crespi & Hardt cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a report on Friday, June 10th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $85.00.
In other news, VP Jeffrey B. Newman sold 5,772 shares of the stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $77.80, for a total transaction of $449,061.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kevin J. Caponecchi sold 58,573 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $75.52, for a total transaction of $4,423,432.96. The disclosure for this sale can be found here. Insiders own 7.30% of the company’s stock.
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.
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