Oppenheimer & Co. Inc. Increases Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Oppenheimer & Co. Inc. grew its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,074 shares of the business services provider’s stock after buying an additional 133 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Euronet Worldwide were worth $1,793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Clearbridge Investments LLC increased its holdings in Euronet Worldwide by 4.5% during the first quarter. Clearbridge Investments LLC now owns 567,058 shares of the business services provider’s stock valued at $62,337,000 after buying an additional 24,566 shares during the last quarter. Ellsworth Advisors LLC bought a new stake in shares of Euronet Worldwide during the 2nd quarter valued at $514,000. SG Capital Management LLC increased its stake in shares of Euronet Worldwide by 106.8% in the 1st quarter. SG Capital Management LLC now owns 41,934 shares of the business services provider’s stock worth $4,610,000 after purchasing an additional 21,654 shares in the last quarter. Burgundy Asset Management Ltd. raised its holdings in Euronet Worldwide by 1.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider’s stock worth $79,415,000 after purchasing an additional 10,689 shares during the period. Finally, Savant Capital LLC lifted its position in Euronet Worldwide by 199.3% during the second quarter. Savant Capital LLC now owns 8,928 shares of the business services provider’s stock valued at $924,000 after purchasing an additional 5,945 shares in the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Euronet Worldwide

In related news, CEO Juan Bianchi sold 4,000 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were 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 represents a 24.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 10.50% of the stock is currently owned by insiders.

Euronet Worldwide Stock Down 0.3 %

Shares of EEFT stock opened at $101.88 on Monday. The company’s fifty day simple moving average is $99.43 and its two-hundred day simple moving average is $103.97. Euronet Worldwide, Inc. has a 52 week low of $81.99 and a 52 week high of $117.66. The stock has a market cap of $4.48 billion, a P/E ratio of 14.72 and a beta of 1.46. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.04 billion. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. During the same period in the previous year, the business earned $2.53 earnings per share. Analysts predict that Euronet Worldwide, Inc. will post 7.87 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on EEFT. Citigroup downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. DA Davidson reaffirmed a “buy” rating and set a $136.00 price target on shares of Euronet Worldwide in a report on Tuesday, October 8th. StockNews.com raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Oppenheimer started coverage on shares of Euronet Worldwide in a research note on Tuesday, October 1st. They set an “outperform” rating and a $121.00 target price on the stock. Finally, Needham & Company LLC dropped their target price on shares of Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Euronet Worldwide has a consensus rating of “Moderate Buy” and a consensus 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.