Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp grew its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 11,729 shares of the business services provider’s stock after acquiring an additional 232 shares during the quarter. Stifel Financial Corp’s holdings in Euronet Worldwide were worth $1,164,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in EEFT. Burgundy Asset Management Ltd. boosted its holdings in Euronet Worldwide by 1.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider’s stock valued at $79,415,000 after purchasing an additional 10,689 shares in the last quarter. Savant Capital LLC increased its position in Euronet Worldwide by 199.3% during the second quarter. Savant Capital LLC now owns 8,928 shares of the business services provider’s stock worth $924,000 after buying an additional 5,945 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in Euronet Worldwide by 5.4% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 161,283 shares of the business services provider’s stock valued at $16,004,000 after purchasing an additional 8,230 shares in the last quarter. Maverick Capital Ltd. lifted its stake in shares of Euronet Worldwide by 507.8% during the second quarter. Maverick Capital Ltd. now owns 14,916 shares of the business services provider’s stock valued at $1,544,000 after buying an additional 12,462 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Euronet Worldwide during the third quarter worth $15,258,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Insider Activity at Euronet Worldwide

In related news, CEO Kevin J. Caponecchi sold 52,034 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $106.61, for a total value of $5,547,344.74. Following the transaction, the chief executive officer now owns 90,288 shares in the company, valued at approximately $9,625,603.68. This represents a 36.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Nikos Fountas sold 21,479 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $103.56, for a total value of $2,224,365.24. Following the completion of the sale, the chief executive officer now owns 52,370 shares of the company’s stock, valued at approximately $5,423,437.20. This trade represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,910 shares of company stock worth $8,780,102 in the last quarter. 10.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EEFT. Needham & Company LLC reissued a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a research note on Thursday, December 12th. Monness Crespi & Hardt raised shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, December 13th. Oppenheimer reduced their price target on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, DA Davidson reiterated a “buy” rating and issued a $136.00 price target on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.25.

Euronet Worldwide Price Performance

Shares of EEFT opened at $103.67 on Monday. Euronet Worldwide, Inc. has a one year low of $91.07 and a one year high of $117.66. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44. The stock’s fifty day moving average is $102.40 and its 200-day moving average is $102.28. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.11. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. During the same quarter last year, the business posted $2.53 earnings per share. Equities analysts anticipate that Euronet Worldwide, Inc. will post 7.87 EPS for the current year.

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.