Marshall Wace LLP Invests $9.05 Million in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Marshall Wace LLP purchased a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 87,410 shares of the business services provider’s stock, valued at approximately $9,047,000. Marshall Wace LLP owned approximately 0.19% of Euronet Worldwide as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its position in shares of Euronet Worldwide by 1.1% in the second quarter. Arizona State Retirement System now owns 12,176 shares of the business services provider’s stock worth $1,260,000 after buying an additional 135 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in Euronet Worldwide by 6.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider’s stock worth $243,000 after acquiring an additional 143 shares during the period. State of Michigan Retirement System grew its stake in Euronet Worldwide by 1.9% during the 1st quarter. State of Michigan Retirement System now owns 10,717 shares of the business services provider’s stock valued at $1,178,000 after acquiring an additional 200 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Euronet Worldwide by 14.7% in the 2nd quarter. Fifth Third Bancorp now owns 1,588 shares of the business services provider’s stock valued at $164,000 after purchasing an additional 203 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Euronet Worldwide by 0.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 54,289 shares of the business services provider’s stock worth $6,075,000 after purchasing an additional 215 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Insider Buying and Selling at Euronet Worldwide

In other news, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the sale, the chief executive officer now owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total value of $410,320.00. Following the sale, the chief executive officer now owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas A. Mcdonnell acquired 3,206 shares of Euronet Worldwide stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $93.86 per share, with a total value of $300,915.16. Following the completion of the acquisition, the director now directly owns 90,000 shares in the company, valued at approximately $8,447,400. The disclosure for this purchase can be found here. Insiders own 10.50% of the company’s stock.

Euronet Worldwide Stock Performance

EEFT opened at $100.03 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.85. The stock’s 50 day moving average price is $100.72 and its two-hundred day moving average price is $105.66. The firm has a market capitalization of $4.59 billion, a P/E ratio of 17.61 and a beta of 1.46. Euronet Worldwide, Inc. has a 12-month low of $73.84 and a 12-month high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.21. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. The company had revenue of $986.20 million for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the business posted $1.84 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts forecast that Euronet Worldwide, Inc. will post 7.86 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Euronet Worldwide in a research report on Wednesday, September 4th. StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Finally, Monness Crespi & Hardt lifted their price objective on Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Euronet Worldwide currently has an average rating of “Moderate Buy” and an average target price of $125.88.

Euronet Worldwide Company Profile

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.