Loring Wolcott & Coolidge Fiduciary Advisors LLP MA held its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,935 shares of the business services provider’s stock at the end of the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Euronet Worldwide were worth $1,056,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can raised its position in shares of Euronet Worldwide by 55.5% in the first quarter. Bank of Montreal Can now owns 50,659 shares of the business services provider’s stock valued at $4,332,000 after buying an additional 18,089 shares during the period. Essex Investment Management Co. LLC raised its position in shares of Euronet Worldwide by 2.6% in the first quarter. Essex Investment Management Co. LLC now owns 5,392 shares of the business services provider’s stock valued at $461,000 after buying an additional 137 shares during the period. Geneva Advisors LLC raised its position in shares of Euronet Worldwide by 6.5% in the first quarter. Geneva Advisors LLC now owns 54,789 shares of the business services provider’s stock valued at $4,686,000 after buying an additional 3,344 shares during the period. First Houston Capital Inc. raised its position in shares of Euronet Worldwide by 2.6% in the first quarter. First Houston Capital Inc. now owns 33,200 shares of the business services provider’s stock valued at $2,839,000 after buying an additional 850 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Euronet Worldwide by 2.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 53,967 shares of the business services provider’s stock valued at $4,615,000 after buying an additional 1,075 shares during the period. 93.95% of the stock is owned by institutional investors and hedge funds.

Euronet Worldwide, Inc. (NASDAQ:EEFT) opened at 95.46 on Friday. Euronet Worldwide, Inc. has a 12-month low of $70.51 and a 12-month high of $97.92. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 30.81 and a beta of 1.34. The stock has a 50 day moving average price of $94.06 and a 200-day moving average price of $86.96.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Wednesday, July 26th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.01. Euronet Worldwide had a net margin of 8.23% and a return on equity of 22.32%. The firm had revenue of $536.60 million during the quarter, compared to analysts’ expectations of $513.10 million. During the same quarter last year, the company posted $0.97 earnings per share. The firm’s revenue was up 12.5% compared to the same quarter last year. Equities analysts predict that Euronet Worldwide, Inc. will post $4.55 EPS for the current fiscal year.

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Several equities analysts have weighed in on EEFT shares. Zacks Investment Research lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Lake Street Capital initiated coverage on Euronet Worldwide in a report on Monday, June 26th. They set a “buy” rating and a $96.00 price objective for the company. DA Davidson initiated coverage on Euronet Worldwide in a report on Wednesday, July 19th. They issued a “buy” rating and a $105.00 price target for the company. Finally, BidaskClub raised Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $100.20.

In other Euronet Worldwide news, VP Jeffrey B. Newman sold 24,535 shares of Euronet Worldwide stock in a transaction on Monday, July 24th. The shares were sold at an average price of $92.01, for a total value of $2,257,465.35. Following the completion of the transaction, the vice president now owns 16,918 shares of the company’s stock, valued at $1,556,625.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Juan Bianchi sold 18,126 shares of Euronet Worldwide stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $88.01, for a total transaction of $1,595,269.26. Following the completion of the transaction, the chief executive officer now directly owns 9,534 shares of the company’s stock, valued at approximately $839,087.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 126,883 shares of company stock valued at $11,968,683. 7.70% of the stock is currently owned by corporate insiders.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.

Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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