Walleye Trading LLC Acquires Shares of 14,588 Euronet Worldwide, Inc. $EEFT

Walleye Trading LLC acquired a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 14,588 shares of the business services provider’s stock, valued at approximately $1,068,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EEFT. Johnson Financial Group Inc. purchased a new position in shares of Euronet Worldwide during the 3rd quarter worth approximately $26,000. Danske Bank A S purchased a new stake in shares of Euronet Worldwide in the third quarter valued at approximately $26,000. Geneos Wealth Management Inc. boosted its stake in shares of Euronet Worldwide by 48.4% in the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock valued at $36,000 after buying an additional 109 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Euronet Worldwide during the fourth quarter worth $38,000. Finally, 1620 Investment Advisors Inc. grew its holdings in Euronet Worldwide by 123.1% during the fourth quarter. 1620 Investment Advisors Inc. now owns 589 shares of the business services provider’s stock worth $45,000 after acquiring an additional 325 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

Insider Buying and Selling

In other news, Director Thomas A. Mcdonnell bought 3,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were bought at an average price of $66.87 per share, with a total value of $200,610.00. Following the completion of the acquisition, the director owned 100,219 shares of the company’s stock, valued at approximately $6,701,644.53. This trade represents a 3.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 12.19% of the company’s stock.

Euronet Worldwide Price Performance

EEFT stock opened at $73.20 on Friday. The firm has a 50 day moving average of $73.42 and a 200-day moving average of $71.51. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 0.60 and a beta of 0.82. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.47. Euronet Worldwide, Inc. has a 12-month low of $62.50 and a 12-month high of $98.52.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Thursday, July 30th. The business services provider reported $2.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.11). Euronet Worldwide had a return on equity of 28.60% and a net margin of 6.63%.During the same period last year, the firm posted $2.56 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, equities analysts expect that Euronet Worldwide, Inc. will post 9.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on EEFT. Weiss Ratings downgraded Euronet Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Needham & Company LLC upped their price target on shares of Euronet Worldwide from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, DA Davidson reaffirmed a “buy” rating and set a $102.00 price target on shares of Euronet Worldwide in a research note on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $96.00.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.