Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Bought by McIlrath & Eck LLC

McIlrath & Eck LLC raised its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 16.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,476 shares of the business services provider’s stock after purchasing an additional 206 shares during the quarter. McIlrath & Eck LLC’s holdings in Euronet Worldwide were worth $146,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of 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 buying an additional 27,254 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in Euronet Worldwide by 13.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock valued at $105,604,000 after acquiring an additional 127,240 shares in the last quarter. 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 period. Burgundy Asset Management Ltd. boosted its position 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 worth $79,415,000 after purchasing an additional 10,689 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Euronet Worldwide by 17.7% in the 2nd 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 in the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Euronet Worldwide Stock Performance

Shares of NASDAQ:EEFT opened at $104.18 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26. Euronet Worldwide, Inc. has a 1 year low of $90.41 and a 1 year high of $117.66. The firm has a market capitalization of $4.58 billion, a PE ratio of 15.05, a P/E/G ratio of 0.94 and a beta of 1.44. The business’s 50 day moving average price is $101.22 and its 200-day moving average price is $102.86.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Oppenheimer boosted their target price on shares of Euronet Worldwide from $121.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. StockNews.com upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. DA Davidson reissued a “buy” rating and set a $136.00 target price on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Citigroup lowered Euronet Worldwide from a “buy” rating to a “neutral” rating and cut their price target for the company from $118.00 to $110.00 in a research note on Friday, October 18th. Finally, Needham & Company LLC lowered their price target on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Euronet Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $127.13.

Insider Activity at Euronet Worldwide

In other news, CEO Kevin J. Caponecchi sold 52,034 shares of Euronet Worldwide stock in a transaction on Monday, November 25th. The stock was sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the transaction, the chief executive officer now owns 90,288 shares in the company, valued at $9,625,603.68. The trade was a 36.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Martin L. Bruckner sold 9,397 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the completion of the sale, the senior vice president now directly owns 39,983 shares of the company’s stock, valued at $4,290,575.73. This represents a 19.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,910 shares of company stock valued at $8,780,102. Corporate insiders own 10.50% of the company’s stock.

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.