Wedge Capital Management L L P NC Has $3.94 Million Stock Holdings in Euronet Worldwide, Inc. $EEFT

Wedge Capital Management L L P NC boosted its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 42.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,878 shares of the business services provider’s stock after acquiring an additional 16,169 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Euronet Worldwide were worth $3,943,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. bought a new position in Euronet Worldwide during the third quarter worth about $26,000. Danske Bank A S acquired a new position in shares of Euronet Worldwide in the 3rd quarter worth approximately $26,000. Geneos Wealth Management Inc. raised its holdings in shares of Euronet Worldwide by 48.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after buying an additional 109 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Euronet Worldwide during the 4th quarter worth approximately $38,000. Finally, 1620 Investment Advisors Inc. boosted its stake in Euronet Worldwide by 123.1% in the 4th quarter. 1620 Investment Advisors Inc. now owns 589 shares of the business services provider’s stock valued at $45,000 after buying an additional 325 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Insider Activity at Euronet Worldwide

In related news, Director Thomas A. Mcdonnell purchased 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average cost of $66.87 per share, with a total value of $200,610.00. Following the completion of the purchase, the director directly owned 100,219 shares of the company’s stock, valued at $6,701,644.53. This trade represents a 3.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.19% of the stock is owned by company insiders.

Euronet Worldwide Stock Performance

Euronet Worldwide stock opened at $74.23 on Friday. The stock has a 50-day simple moving average of $73.29 and a 200 day simple moving average of $71.50. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 11.65, a P/E/G ratio of 0.57 and a beta of 0.82. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.47. Euronet Worldwide, Inc. has a 12-month low of $62.50 and a 12-month high of $98.52.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Thursday, July 30th. The business services provider reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.11). Euronet Worldwide had a net margin of 6.63% and a return on equity of 28.60%. During the same quarter last year, the firm posted $2.56 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, research analysts anticipate that Euronet Worldwide, Inc. will post 9.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EEFT has been the subject of several recent analyst reports. DA Davidson reiterated a “buy” rating and set a $102.00 price objective on shares of Euronet Worldwide in a research note on Friday, July 10th. Weiss Ratings downgraded shares of Euronet Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Finally, Needham & Company LLC upped their target price on shares of Euronet Worldwide from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Euronet Worldwide presently has a consensus rating of “Hold” and a consensus target price of $96.00.

Euronet Worldwide Profile

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.