According to Zacks, “Euronet Services Inc. is an industry leader in providing secure electronic financial transaction solutions. The company offers financial payment middleware, financial network gateways, outsourcing and consulting services to financial institutions and mobile operators. (Press Release) “
Separately, Monness Crespi & Hardt downgraded shares of Euronet Worldwide from a buy rating to a neutral rating in a research note on Friday, June 10th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $85.00.
Euronet Worldwide (NASDAQ:EEFT) traded up 0.04% during mid-day trading on Tuesday, reaching $81.28. 24,903 shares of the company traded hands. Euronet Worldwide has a 52-week low of $52.00 and a 52-week high of $82.49. The company has a market capitalization of $4.23 billion, a P/E ratio of 29.53 and a beta of 1.43. The stock has a 50 day moving average price of $78.57 and a 200-day moving average price of $75.89.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.97 EPS for the quarter, beating the consensus estimate 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 had revenue of $476.90 million for the quarter, compared to the consensus estimate of $470.99 million. During the same quarter last year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. Analysts expect that Euronet Worldwide will post $4.07 EPS for the current fiscal year.
In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 58,573 shares of Euronet Worldwide stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $75.52, for a total transaction of $4,423,432.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jeffrey B. Newman sold 5,772 shares of Euronet Worldwide stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $77.80, for a total value of $449,061.60. The disclosure for this sale can be found here. Company insiders own 7.30% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. bought a new position in shares of Euronet Worldwide during the second quarter worth about $100,000. Checchi Capital Advisers LLC boosted its position in shares of 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. BlackRock Japan Co. Ltd boosted its position in shares of Euronet Worldwide by 81.0% in the second quarter. BlackRock Japan Co. Ltd now owns 2,014 shares of the company’s stock worth $139,000 after buying an additional 901 shares during the last quarter. Smithfield Trust Co. boosted its position in shares of Euronet Worldwide by 14.6% in the second quarter. Smithfield Trust Co. now owns 2,053 shares of the company’s stock worth $142,000 after buying an additional 261 shares during the last quarter. Finally, FNY Managed Accounts LLC boosted its position in shares of 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. 89.92% of the stock is owned by institutional investors.
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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