OneDigital Investment Advisors LLC Makes New $657,000 Investment in Euronet Worldwide, Inc. $EEFT

OneDigital Investment Advisors LLC bought a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,980 shares of the business services provider’s stock, valued at approximately $657,000.

A number of other hedge funds have also modified their holdings of the business. Johnson Financial Group Inc. purchased a new stake in Euronet Worldwide during the 3rd quarter valued at about $26,000. Danske Bank A S acquired a new position in shares of Euronet Worldwide during the 3rd quarter worth approximately $26,000. Geneos Wealth Management Inc. grew its position 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 purchasing an additional 109 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Euronet Worldwide in the fourth quarter valued at approximately $38,000. Finally, 1620 Investment Advisors Inc. increased its holdings in shares of Euronet Worldwide by 123.1% in the fourth quarter. 1620 Investment Advisors Inc. now owns 589 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 325 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Stock Performance

Shares of Euronet Worldwide stock opened at $69.21 on Wednesday. The firm has a market cap of $2.64 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 0.59 and a beta of 0.82. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.47. Euronet Worldwide, Inc. has a 52 week low of $62.50 and a 52 week high of $98.52. The business’s fifty day simple moving average is $73.57 and its 200-day simple moving average is $71.45.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Thursday, July 30th. The business services provider reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.11). Euronet Worldwide had a net margin of 6.63% and a return on equity of 28.60%. During the same quarter in the previous year, the business earned $2.56 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. Equities analysts forecast that Euronet Worldwide, Inc. will post 9.55 earnings per share for the current year.

Insider Activity

In related news, Director Thomas A. Mcdonnell acquired 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average cost of $66.87 per share, for a total transaction of $200,610.00. Following the acquisition, the director owned 100,219 shares in the company, valued at $6,701,644.53. The trade was a 3.09% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 12.19% of the company’s stock.

Wall Street Analyst Weigh In

EEFT has been the topic of several analyst reports. Weiss Ratings lowered Euronet Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. DA Davidson restated a “buy” rating and set a $102.00 price objective on shares of Euronet Worldwide in a research report on Friday, July 10th. Finally, Needham & Company LLC lifted their target price 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. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $96.00.

About Euronet Worldwide

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.