Aviance Capital Management LLC raised its stake in Euronet Worldwide Inc. (NASDAQ:EEFT) by 10.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,395 shares of the company’s stock after buying an additional 410 shares during the period. Aviance Capital Management LLC’s holdings in Euronet Worldwide were worth $304,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of EEFT. Checchi Capital Advisers LLC increased 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 valued at $110,000 after buying an additional 1,462 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Euronet Worldwide during the second quarter valued at approximately $214,000. OLD National Bancorp IN acquired a new stake in Euronet Worldwide during the first quarter valued at approximately $251,000. BlackRock Inc. increased its stake in Euronet Worldwide by 50.0% in the first quarter. BlackRock Inc. now owns 3,464 shares of the company’s stock valued at $257,000 after buying an additional 1,154 shares in the last quarter. Finally, Palo Capital Inc. acquired a new stake in Euronet Worldwide during the second quarter valued at approximately $346,000. Institutional investors and hedge funds own 89.92% of the company’s stock.
Euronet Worldwide Inc. (NASDAQ:EEFT) traded up 0.82% on Wednesday, hitting $81.92. 202,195 shares of the company were exchanged. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 29.77 and a beta of 1.43. The stock has a 50 day moving average of $78.70 and a 200 day moving average of $75.93. Euronet Worldwide Inc. has a 52 week low of $52.00 and a 52 week high of $82.49.
Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Tuesday, July 26th. The company reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.07. The firm had revenue of $476.90 million for the quarter, compared to the consensus estimate of $470.99 million. Euronet Worldwide had a return on equity of 22.65% and a net margin of 8.01%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS. Analysts predict that Euronet Worldwide Inc. will post $4.07 EPS for the current fiscal year.
Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday. Monness Crespi & Hardt downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a research report on Friday, June 10th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $85.00.
In other Euronet Worldwide news, VP Jeffrey B. Newman sold 5,772 shares of the company’s 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kevin J. Caponecchi sold 58,573 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were 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. Insiders own 7.30% of the company’s stock.
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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