CX Institutional Purchases Shares of 42,792 Euronet Worldwide, Inc. (NASDAQ:EEFT)

CX Institutional acquired a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 42,792 shares of the business services provider’s stock, valued at approximately $4,246,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Headlands Technologies LLC purchased a new position in Euronet Worldwide in the 1st quarter worth approximately $50,000. Summit Securities Group LLC purchased a new position in shares of Euronet Worldwide in the second quarter worth $57,000. Covestor Ltd raised its holdings in Euronet Worldwide by 174.9% during the 1st quarter. Covestor Ltd now owns 547 shares of the business services provider’s stock valued at $60,000 after buying an additional 348 shares during the last quarter. GAMMA Investing LLC boosted its position in Euronet Worldwide by 69.5% during the 2nd quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock valued at $61,000 after buying an additional 241 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new stake in Euronet Worldwide in the 2nd quarter worth $80,000. Institutional investors own 91.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

Euronet Worldwide Price Performance

EEFT opened at $99.07 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 17.44 and a beta of 1.46. The stock has a fifty day simple moving average of $100.40 and a two-hundred day simple moving average of $104.69. Euronet Worldwide, Inc. has a 12-month low of $74.73 and a 12-month high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the business earned $1.84 EPS. Euronet Worldwide’s quarterly revenue was up 5.0% compared to the same quarter last year. Research analysts predict that Euronet Worldwide, Inc. will post 7.88 earnings per share for the current fiscal year.

Insider Buying and Selling at Euronet Worldwide

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

Euronet Worldwide 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.