Natixis Advisors LLC Has $11.82 Million Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Natixis Advisors LLC grew its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 23.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,193 shares of the business services provider’s stock after buying an additional 21,756 shares during the period. Natixis Advisors LLC’s holdings in Euronet Worldwide were worth $11,819,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quadrant Capital Group LLC increased its position in Euronet Worldwide by 242.7% during the fourth quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock worth $36,000 after acquiring an additional 250 shares during the period. Headlands Technologies LLC acquired a new position in shares of Euronet Worldwide during the 1st quarter worth approximately $50,000. Covestor Ltd increased its holdings in shares of Euronet Worldwide by 174.9% during the first quarter. Covestor Ltd now owns 547 shares of the business services provider’s stock worth $60,000 after purchasing an additional 348 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Euronet Worldwide in the second quarter valued at approximately $57,000. Finally, GAMMA Investing LLC boosted its stake in shares of Euronet Worldwide by 69.5% in the second quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock valued at $61,000 after buying an additional 241 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

Wall Street Analyst Weigh In

EEFT has been the topic of a number of recent research reports. Monness Crespi & Hardt raised their price objective on Euronet Worldwide from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Needham & Company LLC restated a “buy” rating and issued a $125.00 price target on shares of Euronet Worldwide in a research report on Wednesday. Citigroup upped their price objective on shares of Euronet Worldwide from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Wolfe Research raised shares of Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a report on Friday, May 17th. Finally, StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Euronet Worldwide currently has an average rating of “Moderate Buy” and an average price target of $124.11.

Euronet Worldwide Trading Down 2.2 %

Shares of Euronet Worldwide stock opened at $102.42 on Friday. The firm’s 50 day moving average is $102.07 and its 200 day moving average is $106.80. The firm has a market capitalization of $4.70 billion, a PE ratio of 18.03 and a beta of 1.46. Euronet Worldwide, Inc. has a 1 year low of $73.84 and a 1 year high of $117.66. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.21. The firm had revenue of $986.20 million for the quarter, compared to analysts’ expectations of $1.09 billion. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.84 earnings per share. Equities research analysts forecast that Euronet Worldwide, Inc. will post 7.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Thomas A. Mcdonnell purchased 3,206 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost of $93.86 per share, with a total value of $300,915.16. Following the completion of the purchase, the director now owns 90,000 shares of the company’s stock, valued at approximately $8,447,400. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 10.50% of the stock is currently owned by corporate insiders.

About Euronet Worldwide

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.