Euronet Worldwide, Inc. (NASDAQ:EEFT) Holdings Lifted by Leisure Capital Management

Leisure Capital Management increased its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 3.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,381 shares of the business services provider’s stock after buying an additional 283 shares during the quarter. Leisure Capital Management’s holdings in Euronet Worldwide were worth $832,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. CX Institutional purchased a new position in Euronet Worldwide in the third quarter valued at about $4,246,000. Wedge Capital Management L L P NC grew its stake in Euronet Worldwide by 13.6% in the third quarter. Wedge Capital Management L L P NC now owns 22,005 shares of the business services provider’s stock valued at $2,184,000 after purchasing an additional 2,631 shares in the last quarter. Oliver Luxxe Assets LLC grew its stake in Euronet Worldwide by 148.4% in the third quarter. Oliver Luxxe Assets LLC now owns 18,652 shares of the business services provider’s stock valued at $1,851,000 after purchasing an additional 11,144 shares in the last quarter. Fiduciary Financial Group LLC grew its stake in Euronet Worldwide by 20.8% in the third quarter. Fiduciary Financial Group LLC now owns 2,820 shares of the business services provider’s stock valued at $271,000 after purchasing an additional 486 shares in the last quarter. Finally, Mendota Financial Group LLC purchased a new position in Euronet Worldwide in the third quarter valued at about $100,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Insider Buying and Selling at Euronet Worldwide

In other news, CEO Juan Bianchi sold 4,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 12,440 shares in the company, valued at approximately $1,276,095.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Thomas A. Mcdonnell acquired 3,206 shares of the stock in a transaction dated 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 purchase, the director now owns 90,000 shares in the company, valued at approximately $8,447,400. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Juan Bianchi sold 4,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 12,440 shares in the company, valued at approximately $1,276,095.20. This 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.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Monness Crespi & Hardt boosted their target price on Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Needham & Company LLC restated a “buy” rating and issued a $125.00 target price on shares of Euronet Worldwide in a research note on Wednesday, September 4th. StockNews.com cut 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 target for the company. Finally, DA Davidson reaffirmed a “buy” rating and issued a $136.00 price target on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Four 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 stock currently has an average rating of “Moderate Buy” and an average target price of $125.33.

Euronet Worldwide Stock Performance

Euronet Worldwide stock traded up $1.19 during trading hours on Wednesday, hitting $100.26. The stock had a trading volume of 24,040 shares, compared to its average volume of 304,787. The company has a 50-day moving average of $100.40 and a two-hundred day moving average of $104.69. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.85. The company has a market cap of $4.60 billion, a PE ratio of 17.44 and a beta of 1.46. Euronet Worldwide, Inc. has a fifty-two week low of $75.25 and a fifty-two week high of $117.66.

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

About Euronet Worldwide

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.