Trajan Wealth LLC Makes New Investment in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Trajan Wealth LLC bought a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,047 shares of the business services provider’s stock, valued at approximately $203,000.

Other institutional investors have also recently added to or reduced their stakes in the company. State of Michigan Retirement System boosted its stake in shares of Euronet Worldwide by 1.9% in the 1st quarter. State of Michigan Retirement System now owns 10,717 shares of the business services provider’s stock valued at $1,178,000 after purchasing an additional 200 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Euronet Worldwide by 62.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,294 shares of the business services provider’s stock valued at $362,000 after purchasing an additional 1,265 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of Euronet Worldwide during the 1st quarter valued at $999,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Euronet Worldwide during the 1st quarter valued at $583,000. Finally, Texas Permanent School Fund Corp lifted its position in shares of Euronet Worldwide by 1.5% during the 1st quarter. Texas Permanent School Fund Corp now owns 38,030 shares of the business services provider’s stock valued at $4,181,000 after acquiring an additional 550 shares during the period. 91.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EEFT has been the topic of a number of research reports. StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Oppenheimer began coverage on shares of Euronet Worldwide in a research report on Tuesday, October 1st. They set an “outperform” rating and a $121.00 target price on the stock. DA Davidson restated a “buy” rating and set a $136.00 price objective on shares of Euronet Worldwide in a report on Tuesday, October 8th. Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Finally, Needham & Company LLC lowered their price objective on shares of Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.38.

Euronet Worldwide Stock Down 0.2 %

EEFT opened at $98.22 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.19 and a quick ratio of 1.19. The company’s 50-day moving average is $100.30 and its 200 day moving average is $104.13. Euronet Worldwide, Inc. has a fifty-two week low of $75.41 and a fifty-two week high of $117.66. The firm has a market capitalization of $4.41 billion, a P/E ratio of 14.19 and a beta of 1.46.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the firm earned $2.53 earnings per share. Research analysts expect that Euronet Worldwide, Inc. will post 7.88 earnings per share for the current fiscal year.

Insider Activity at Euronet Worldwide

In related news, CEO Juan Bianchi sold 4,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $102.58, for a total transaction of $410,320.00. Following the transaction, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at this link. In related news, Director Thomas A. Mcdonnell acquired 3,206 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average price of $93.86 per share, for a total transaction of $300,915.16. Following the completion of the acquisition, the director now owns 90,000 shares of the company’s stock, valued at approximately $8,447,400. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Juan Bianchi sold 4,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the sale, the chief executive officer now owns 12,440 shares of the company’s stock, valued at $1,276,095.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 10.50% of the stock is owned by insiders.

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.