Jefferies Group LLC raised its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 89.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 37,944 shares of the business services provider’s stock after purchasing an additional 17,933 shares during the quarter. Jefferies Group LLC’s holdings in Euronet Worldwide were worth $3,198,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in EEFT. Victory Capital Management Inc. increased its position in Euronet Worldwide by 12.1% during the 4th quarter. Victory Capital Management Inc. now owns 2,712,984 shares of the business services provider’s stock valued at $228,623,000 after purchasing an additional 292,777 shares during the period. Commerce Bank increased its position in Euronet Worldwide by 1,198.1% during the 3rd quarter. Commerce Bank now owns 306,120 shares of the business services provider’s stock valued at $29,017,000 after purchasing an additional 282,538 shares during the period. Wasatch Advisors Inc. increased its position in Euronet Worldwide by 14.5% during the 4th quarter. Wasatch Advisors Inc. now owns 874,298 shares of the business services provider’s stock valued at $73,677,000 after purchasing an additional 111,033 shares during the period. Russell Investments Group Ltd. increased its position in Euronet Worldwide by 474.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 132,907 shares of the business services provider’s stock valued at $12,599,000 after purchasing an additional 109,761 shares during the period. Finally, Lunia Capital LP acquired a new stake in Euronet Worldwide during the 4th quarter valued at approximately $7,944,000. 98.88% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Michael J. Brown sold 20,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $79.63, for a total value of $1,592,600.00. Following the transaction, the chief executive officer now directly owns 1,502,348 shares in the company, valued at approximately $119,631,971.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Rick Weller sold 12,400 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $92.01, for a total value of $1,140,924.00. Following the completion of the transaction, the chief financial officer now owns 80,285 shares in the company, valued at $7,387,022.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 108,297 shares of company stock worth $9,408,404. 7.70% of the stock is owned by company insiders.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.12 by $0.01. The company had revenue of $604.60 million during the quarter, compared to the consensus estimate of $609.53 million. Euronet Worldwide had a net margin of 6.97% and a return on equity of 21.76%. The company’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 EPS. research analysts expect that Euronet Worldwide, Inc. will post 5 earnings per share for the current year.
Several analysts have recently commented on the stock. BidaskClub raised shares of Euronet Worldwide from a “strong sell” rating to a “sell” rating in a research report on Friday, February 23rd. Zacks Investment Research raised shares of Euronet Worldwide from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Lake Street Capital raised their price objective on shares of Euronet Worldwide from $100.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. DA Davidson raised their price objective on shares of Euronet Worldwide to $118.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Finally, Goldman Sachs Group assumed coverage on shares of Euronet Worldwide in a research report on Thursday, December 14th. They set a “buy” rating and a $110.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $111.71.
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Euronet Worldwide 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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