IVC Wealth Advisors LLC Takes Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

IVC Wealth Advisors LLC purchased a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 2,184 shares of the business services provider’s stock, valued at approximately $217,000.

Other large investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in shares of Euronet Worldwide in the first quarter valued at about $50,000. Covestor Ltd raised its position in shares of Euronet Worldwide by 174.9% during the 1st quarter. Covestor Ltd now owns 547 shares of the business services provider’s stock worth $60,000 after purchasing an additional 348 shares during the last quarter. Summit Securities Group LLC purchased a new position in Euronet Worldwide in the 2nd quarter valued at about $57,000. GAMMA Investing LLC boosted its holdings in Euronet Worldwide by 69.5% in the 2nd quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock worth $61,000 after buying an additional 241 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in Euronet Worldwide during the 2nd quarter worth approximately $80,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the business’s stock in a transaction on 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 owns 12,440 shares in the company, valued at $1,276,095.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide 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 transaction, the chief executive officer now directly owns 12,440 shares in the company, valued at approximately $1,276,095.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas A. Mcdonnell bought 3,206 shares of the stock in a transaction that occurred 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 purchase, the director now directly owns 90,000 shares in the company, valued at $8,447,400. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 10.50% of the company’s stock.

Euronet Worldwide Trading Down 1.7 %

Shares of NASDAQ EEFT opened at $100.50 on Monday. 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 stock has a market capitalization of $4.51 billion, a PE ratio of 17.45 and a beta of 1.46. Euronet Worldwide, Inc. has a twelve month low of $75.41 and a twelve month high of $117.66. The stock has a fifty day simple moving average of $100.42 and a 200-day simple moving average of $104.20.

Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.11. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.04 billion. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. During the same period in the previous year, the company posted $2.53 EPS. On average, equities analysts forecast that Euronet Worldwide, Inc. will post 7.88 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on EEFT shares. StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Needham & Company LLC decreased their price objective on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday. 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. Oppenheimer initiated coverage on shares of Euronet Worldwide in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $121.00 target price for the company. Finally, 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. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $125.38.

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.