Scout Investments Inc. Trims Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)


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Scout Investments Inc. cut its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 40.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,124 shares of the business services provider’s stock after selling 40,867 shares during the quarter. Scout Investments Inc.’s holdings in Euronet Worldwide were worth $8,713,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EEFT. AQR Capital Management LLC grew its stake in Euronet Worldwide by 12.6% in the 3rd quarter. AQR Capital Management LLC now owns 71,076 shares of the business services provider’s stock valued at $6,461,000 after buying an additional 7,945 shares during the last quarter. Keybank National Association OH increased its position in Euronet Worldwide by 13.8% in the 3rd quarter. Keybank National Association OH now owns 4,741 shares of the business services provider’s stock valued at $432,000 after acquiring an additional 574 shares during the period. Fiduciary Trust Co. increased its position in Euronet Worldwide by 11.7% in the 3rd quarter. Fiduciary Trust Co. now owns 9,978 shares of the business services provider’s stock valued at $909,000 after acquiring an additional 1,045 shares during the period. Advisor Group Holdings Inc. boosted its stake in Euronet Worldwide by 8.1% during the 2nd quarter. Advisor Group Holdings Inc. now owns 21,316 shares of the business services provider’s stock valued at $2,044,000 after purchasing an additional 1,591 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in Euronet Worldwide by 3.9% during the 3rd quarter. California Public Employees Retirement System now owns 117,083 shares of the business services provider’s stock valued at $10,666,000 after purchasing an additional 4,427 shares in the last quarter. Institutional investors own 88.08% of the company’s stock.

Shares of NASDAQ:EEFT opened at $145.15 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.87. Euronet Worldwide, Inc. has a 1 year low of $61.27 and a 1 year high of $167.64. The business has a fifty day simple moving average of $140.04 and a 200 day simple moving average of $109.22. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 273.87 and a beta of 1.61.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Wednesday, October 28th. The business services provider reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.59. Euronet Worldwide had a return on equity of 12.31% and a net margin of 1.33%. The company had revenue of $664.40 million for the quarter, compared to analyst estimates of $611.07 million. On average, sell-side analysts forecast that Euronet Worldwide, Inc. will post 2.18 EPS for the current year.

Several equities research analysts have recently weighed in on EEFT shares. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price objective on Euronet Worldwide from $112.00 to $122.00 in a research note on Monday, November 16th. ValuEngine raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday, November 10th. BidaskClub raised Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 7th. Truist raised their target price on Euronet Worldwide from $160.00 to $195.00 in a research report on Wednesday. Finally, Smith Barney Citigroup raised their target price on Euronet Worldwide from $112.00 to $122.00 in a research report on Monday, November 16th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $129.18.

In other Euronet Worldwide news, Director Andrzej Olechowski sold 2,496 shares of the firm’s stock in a transaction dated Wednesday, November 25th. The stock was sold at an average price of $134.99, for a total transaction of $336,935.04. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $1,349,900. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael J. Brown sold 27,710 shares of the firm’s stock in a transaction dated Friday, November 13th. The shares were sold at an average price of $121.66, for a total value of $3,371,198.60. Following the transaction, the chief executive officer now owns 1,253,441 shares in the company, valued at $152,493,632.06. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 164,002 shares of company stock worth $20,596,511. Corporate insiders own 6.30% of the company’s stock.

Euronet Worldwide Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company's Electronic Fund Transfer (EFT) Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit card outsourcing, card issuing, and merchant acquiring services.

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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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