Macquarie Group Ltd. Purchases Shares of 3,462 Euronet Worldwide, Inc. (EEFT)
Macquarie Group Ltd. purchased a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,462 shares of the business services provider’s stock, valued at approximately $302,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in EEFT. Fiduciary Trust Co. acquired a new position in shares of Euronet Worldwide during the 2nd quarter worth about $122,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Euronet Worldwide by 10.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock worth $157,000 after purchasing an additional 167 shares during the last quarter. World Asset Management Inc acquired a new position in shares of Euronet Worldwide during the 2nd quarter worth about $201,000. Capstone Asset Management Co. acquired a new position in shares of Euronet Worldwide during the 2nd quarter worth about $206,000. Finally, Karp Capital Management Corp acquired a new position in shares of Euronet Worldwide during the 1st quarter worth about $224,000. Hedge funds and other institutional investors own 93.97% of the company’s stock.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Thursday, October 19th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.61. The company had revenue of $637.90 million for the quarter, compared to the consensus estimate of $595.09 million. Euronet Worldwide had a net margin of 9.63% and a return on equity of 22.46%. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.35 earnings per share.
In other news, Director Andrej Olechowski sold 10,276 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $97.30, for a total value of $999,854.80. Following the completion of the transaction, the director now owns 14,355 shares of the company’s stock, valued at $1,396,741.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Rick Weller sold 76,563 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $97.51, for a total transaction of $7,465,658.13. Following the completion of the transaction, the chief financial officer now directly owns 81,221 shares of the company’s stock, valued at approximately $7,919,859.71. The disclosure for this sale can be found here. In the last three months, insiders sold 284,544 shares of company stock valued at $27,903,180. Company insiders own 7.70% of the company’s stock.
Several research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. DA Davidson assumed coverage on shares of Euronet Worldwide in a report on Wednesday, July 19th. They issued a “buy” rating and a $105.00 price objective for the company. Lake Street Capital reiterated a “buy” rating and issued a $99.00 price objective (up previously from $96.00) on shares of Euronet Worldwide in a report on Thursday, July 27th. BidaskClub upgraded shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 6th. Finally, Northland Securities reiterated a “buy” rating and issued a $110.00 price objective on shares of Euronet Worldwide in a report on Thursday, October 19th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Euronet Worldwide currently has a consensus rating of “Buy” and an average price target of $108.67.
Euronet Worldwide 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.
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