ClariVest Asset Management LLC raised its position in shares of Euronet Worldwide Inc. (NASDAQ:EEFT) by 15.5% during the second quarter, Holdings Channel reports. The fund owned 29,845 shares of the company’s stock after buying an additional 4,000 shares during the period. ClariVest Asset Management LLC’s holdings in Euronet Worldwide were worth $2,066,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Checchi Capital Advisers LLC boosted its stake in Euronet Worldwide by 1,179.0% in the second quarter. Checchi Capital Advisers LLC now owns 1,586 shares of the company’s stock worth $110,000 after buying an additional 1,462 shares during the last quarter. FNY Managed Accounts LLC boosted its stake in Euronet Worldwide by 204.8% in the second quarter. FNY Managed Accounts LLC now owns 3,048 shares of the company’s stock worth $211,000 after buying an additional 2,048 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Euronet Worldwide during the second quarter worth $214,000. BlackRock Inc. boosted its stake in Euronet Worldwide by 50.0% in the first quarter. BlackRock Inc. now owns 3,464 shares of the company’s stock worth $257,000 after buying an additional 1,154 shares during the last quarter. Finally, Aviance Capital Management LLC boosted its stake in Euronet Worldwide by 10.3% in the second quarter. Aviance Capital Management LLC now owns 4,395 shares of the company’s stock worth $304,000 after buying an additional 410 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.
Euronet Worldwide Inc. (NASDAQ:EEFT) traded up 0.34% during trading on Tuesday, reaching $83.02. 302,584 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $79.77 and its 200 day moving average price is $76.57. The firm has a market cap of $4.32 billion, a P/E ratio of 30.17 and a beta of 1.49. Euronet Worldwide Inc. has a 52-week low of $52.00 and a 52-week high of $84.43.
Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Tuesday, July 26th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.07. The company earned $476.90 million during the quarter, compared to analysts’ expectations of $470.99 million. Euronet Worldwide had a net margin of 8.01% and a return on equity of 22.65%. Euronet Worldwide’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 EPS. Equities research analysts anticipate that Euronet Worldwide Inc. will post $4.07 EPS for the current fiscal year.
Separately, Zacks Investment Research cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $85.00.
In other news, CEO Kevin J. Caponecchi sold 58,573 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $75.52, for a total transaction of $4,423,432.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jeffrey B. Newman sold 5,772 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $77.80, for a total transaction of $449,061.60. 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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