WCM Investment Management LLC Has $14.64 Million Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

WCM Investment Management LLC increased its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,347 shares of the business services provider’s stock after buying an additional 478 shares during the quarter. WCM Investment Management LLC owned about 0.33% of Euronet Worldwide worth $14,639,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its holdings in shares of Euronet Worldwide by 0.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,356,229 shares of the business services provider’s stock worth $333,039,000 after purchasing an additional 27,254 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Euronet Worldwide by 1.2% in 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. raised its position in shares of Euronet Worldwide by 1.4% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,022,153 shares of the business services provider’s stock valued at $105,793,000 after buying an additional 14,090 shares in the last quarter. Burgundy Asset Management Ltd. increased its stake 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 valued at $79,415,000 after acquiring an additional 10,689 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted 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 purchasing an additional 113,685 shares during the last quarter. Institutional investors own 91.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. DA Davidson reissued a “buy” rating and set a $136.00 price target on shares of Euronet Worldwide in a report on Tuesday, October 8th. 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 research report on Thursday, October 24th. Citigroup lowered shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and cut their target price for the company from $118.00 to $110.00 in a research report on Friday, October 18th. Finally, StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.38.

Euronet Worldwide Stock Performance

NASDAQ:EEFT opened at $104.61 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.19 and a current ratio of 1.26. Euronet Worldwide, Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $117.66. The company has a 50 day simple moving average of $99.43 and a two-hundred day simple moving average of $103.99. The company has a market capitalization of $4.60 billion, a PE ratio of 15.12 and a beta of 1.46.

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 the consensus estimate of $2.92 by $0.11. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the business earned $2.53 earnings per share. Research analysts anticipate that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current year.

Insider Activity at Euronet Worldwide

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 stock was sold at an average price of $102.58, for a total value of $410,320.00. Following the transaction, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.50% of the stock is owned by corporate insiders.

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.