2 weeks Ago By ABMN Staff
Invesco Ltd. increased its stake in shares of Euronet Worldwide, Inc. ( NASDAQ:EEFT – Free Report ) by 25.
2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 123,386 shares of the business services provider’s stock after purchasing an additional 24,829 shares during the quarter. Invesco Ltd.
owned 0.28% of Euronet Worldwide worth $12,689,000 as of its most recent SEC filing. Other hedge funds and other institutional investors have also recently bought and sold shares of the company.
Allspring Global Investments Holdings LLC lifted its stake in shares of Euronet Worldwide by 0.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,372,449 shares of the business services provider’s stock valued at $340,955,000 after purchasing an additional 16,220 shares during the period.
Reinhart Partners LLC. lifted its position in shares of Euronet Worldwide by 3.4% during the 4th quarter.
Reinhart Partners LLC. now owns 627,149 shares of the business services provider’s stock valued at $64,496,000 after acquiring an additional 20,824 shares during the period. Charles Schwab Investment Management Inc.
boosted its stake in shares of Euronet Worldwide by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc.
now owns 566,002 shares of the business services provider’s stock worth $58,208,000 after acquiring an additional 8,015 shares in the last quarter. Norges Bank purchased a new position in Euronet Worldwide in the 4th quarter valued at approximately $53,072,000. Finally, Sei Investments Co.
raised its holdings in Euronet Worldwide by 9.1% during the fourth quarter. Sei Investments Co.
now owns 425,971 shares of the business services provider’s stock worth $43,807,000 after purchasing an additional 35,391 shares during the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Euronet Worldwide from $108.00 to $112.
00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. StockNews.com lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd.
Finally, Stephens reissued an “overweight” rating and issued a $130.00 price target on shares of Euronet Worldwide in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company.
Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $125.86. Insider Activity In other Euronet Worldwide news, CEO Michael J.
Brown sold 95,000 shares of Euronet Worldwide stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $100.69, for a total transaction of $9,565,550.
00. Following the completion of the sale, the chief executive officer now owns 1,418,966 shares of the company’s stock, valued at $142,875,686.54.
This trade represents a 6.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink .
Corporate insiders own 11.20% of the company’s stock. Euronet Worldwide Stock Down 3.
2 % Euronet Worldwide stock opened at $91.70 on Tuesday. Euronet Worldwide, Inc.
has a 52 week low of $85.24 and a 52 week high of $117.66.
The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 0.
78 and a beta of 1.18. The company’s 50-day moving average price is $101.
12 and its two-hundred day moving average price is $101.05. The company has a current ratio of 1.
25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92.
Euronet Worldwide ( NASDAQ:EEFT – Get Free Report ) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 earnings per share for the quarter, missing the consensus estimate of $2.
05 by ($0.23). Euronet Worldwide had a net margin of 7.
69% and a return on equity of 27.74%. On average, analysts expect that Euronet Worldwide, Inc.
will post 9.11 EPS for the current fiscal year. Euronet Worldwide Company Profile ( Free Report ) Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide.
It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer 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 and prepaid card outsourcing, card issuing, and merchant acquiring services. Featured Stories Want to see what other hedge funds are holding EEFT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Euronet Worldwide, Inc. ( NASDAQ:EEFT – Free Report ). Receive News & Ratings for Euronet Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euronet Worldwide and related companies with MarketBeat.
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