Montag & Caldwell LLC Has $724,000 Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Montag & Caldwell LLC lifted its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 66.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,000 shares of the business services provider’s stock after buying an additional 2,790 shares during the period. Montag & Caldwell LLC’s holdings in Euronet Worldwide were worth $724,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kodai Capital Management LP purchased a new stake in shares of Euronet Worldwide during the fourth quarter worth $23,728,000. Granahan Investment Management LLC raised its holdings in shares of Euronet Worldwide by 8.0% during the fourth quarter. Granahan Investment Management LLC now owns 221,061 shares of the business services provider’s stock worth $22,435,000 after acquiring an additional 16,358 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Euronet Worldwide by 4.5% during the first quarter. Clearbridge Investments LLC now owns 567,058 shares of the business services provider’s stock worth $62,337,000 after acquiring an additional 24,566 shares in the last quarter. LSV Asset Management purchased a new stake in shares of Euronet Worldwide during the first quarter worth $1,638,000. Finally, Ellsworth Advisors LLC bought a new position in Euronet Worldwide during the second quarter valued at about $514,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide 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 directly owns 12,440 shares of the company’s stock, valued at $1,276,095.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Thomas A. Mcdonnell acquired 3,206 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were bought 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 owns 90,000 shares of the company’s stock, valued at $8,447,400. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide 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 of the company’s stock, valued at approximately $1,276,095.20. The disclosure for this sale can be found here. Company insiders own 10.50% of the company’s stock.

Euronet Worldwide Stock Up 2.1 %

EEFT stock opened at $98.98 on Monday. Euronet Worldwide, Inc. has a twelve month low of $73.84 and a twelve month high of $117.66. The company has a market cap of $4.54 billion, a PE ratio of 17.43 and a beta of 1.46. The business’s 50-day simple moving average is $101.50 and its 200 day simple moving average is $106.37. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.85.

Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.21. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The business had revenue of $986.20 million for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the business earned $1.84 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, research analysts anticipate that Euronet Worldwide, Inc. will post 7.88 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on EEFT. Monness Crespi & Hardt raised their target price on Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Citigroup raised their target price on Euronet Worldwide from $120.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Needham & Company LLC restated a “buy” rating and set a $125.00 target price on shares of Euronet Worldwide in a report on Wednesday, September 4th. Finally, StockNews.com lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $124.11.

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.