Fiduciary Financial Group LLC Grows Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Fiduciary Financial Group LLC lifted its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 20.8% in the third quarter, HoldingsChannel.com reports. The fund owned 2,820 shares of the business services provider’s stock after acquiring an additional 486 shares during the quarter. Fiduciary Financial Group LLC’s holdings in Euronet Worldwide were worth $271,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EEFT. Lazard Asset Management LLC boosted its stake in Euronet Worldwide by 6,250.4% in the first quarter. Lazard Asset Management LLC now owns 141,932 shares of the business services provider’s stock worth $15,602,000 after buying an additional 139,697 shares in the last quarter. Kodai Capital Management LP lifted its holdings in shares of Euronet Worldwide by 57.9% in the 1st quarter. Kodai Capital Management LP now owns 369,209 shares of the business services provider’s stock worth $40,587,000 after acquiring an additional 135,416 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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 valued at $78,172,000 after purchasing an additional 113,685 shares in the last quarter. New South Capital Management Inc. grew its holdings in shares of Euronet Worldwide by 21.8% during the 1st quarter. New South Capital Management Inc. now owns 538,419 shares of the business services provider’s stock valued at $59,188,000 after purchasing an additional 96,278 shares during the last quarter. Finally, Meritage Portfolio Management purchased a new position in Euronet Worldwide in the 1st quarter worth $10,450,000. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Euronet Worldwide

In other news, Director Thomas A. Mcdonnell purchased 3,206 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average cost of $93.86 per share, for a total transaction of $300,915.16. Following the completion of the transaction, the director now directly owns 90,000 shares of the company’s stock, valued at $8,447,400. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Juan Bianchi sold 4,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $102.58, for a total value of $410,320.00. Following the completion of the transaction, the chief executive officer now directly owns 12,440 shares in the company, valued at $1,276,095.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas A. Mcdonnell purchased 3,206 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $93.86 per share, with a total value of $300,915.16. Following the completion of the transaction, the director now owns 90,000 shares in the company, valued at $8,447,400. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 10.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. DA Davidson restated a “buy” rating and set a $136.00 price target on shares of Euronet Worldwide in a research report on Tuesday, October 8th. StockNews.com lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Oppenheimer began coverage on Euronet Worldwide in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $121.00 price objective for the company. Needham & Company LLC restated a “buy” rating and issued a $125.00 target price on shares of Euronet Worldwide in a report on Wednesday, September 4th. Finally, Monness Crespi & Hardt lifted their target price on shares of Euronet Worldwide from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Euronet Worldwide has an average rating of “Moderate Buy” and an average price target of $125.33.

Euronet Worldwide Stock Up 1.8 %

Shares of Euronet Worldwide stock opened at $98.21 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85. Euronet Worldwide, Inc. has a 12-month low of $73.84 and a 12-month high of $117.66. The company has a market cap of $4.41 billion, a P/E ratio of 17.05 and a beta of 1.46. The company’s fifty day simple moving average is $100.17 and its two-hundred day simple moving average is $104.89.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.21. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. The company had revenue of $986.20 million for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the company earned $1.84 earnings per share. Euronet Worldwide’s quarterly revenue was up 5.0% on a year-over-year basis. Research analysts anticipate that Euronet Worldwide, Inc. will post 7.88 EPS for the current year.

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.