King Luther Capital Management Corp Boosts Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

King Luther Capital Management Corp increased its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,775 shares of the business services provider’s stock after acquiring an additional 615 shares during the quarter. King Luther Capital Management Corp owned approximately 0.16% of Euronet Worldwide worth $7,321,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its holdings in Euronet Worldwide by 0.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,356,229 shares of the business services provider’s stock valued at $333,039,000 after purchasing an additional 27,254 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Euronet Worldwide by 1.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,390,895 shares of the business services provider’s stock valued at $152,900,000 after buying an additional 15,837 shares during the period. Van Berkom & Associates Inc. lifted its holdings in Euronet Worldwide by 1.4% in the second quarter. Van Berkom & Associates Inc. now owns 1,022,153 shares of the business services provider’s stock valued at $105,793,000 after acquiring an additional 14,090 shares during the last quarter. Burgundy Asset Management Ltd. grew its position in Euronet Worldwide by 1.4% in the second quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider’s stock worth $79,415,000 after acquiring an additional 10,689 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Euronet Worldwide by 17.7% during the second quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider’s stock worth $78,172,000 after acquiring an additional 113,685 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Analysts Set New Price Targets

EEFT has been the topic of several recent analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $136.00 price target on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Oppenheimer began coverage on shares of Euronet Worldwide in a research note on Tuesday, October 1st. They set an “outperform” rating and a $121.00 target price for the company. Needham & Company LLC reduced their price target on shares of Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Finally, Citigroup downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and dropped their target price for the company from $118.00 to $110.00 in a report on Friday, October 18th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Euronet Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $125.38.

Insider Buying and Selling

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total transaction of $410,320.00. Following the completion of the transaction, the chief executive officer now owns 12,440 shares in the company, valued at $1,276,095.20. The trade was a 24.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 10.50% of the company’s stock.

Euronet Worldwide Price Performance

Euronet Worldwide stock opened at $104.96 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. Euronet Worldwide, Inc. has a 52-week low of $86.26 and a 52-week high of $117.66. The firm has a market cap of $4.61 billion, a PE ratio of 15.17 and a beta of 1.46. The company’s 50 day moving average is $99.70 and its two-hundred day moving average is $103.86.

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

Euronet Worldwide 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.