Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Swiss National Bank

Swiss National Bank lessened its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,100 shares of the business services provider’s stock after selling 400 shares during the period. Swiss National Bank owned approximately 0.19% of Euronet Worldwide worth $8,444,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EEFT. Oppenheimer & Co. Inc. boosted its position in shares of Euronet Worldwide by 0.7% in the third quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider’s stock worth $1,793,000 after buying an additional 133 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Euronet Worldwide during the 3rd quarter worth approximately $997,000. WCM Investment Management LLC raised its position in shares of Euronet Worldwide by 0.3% during the 3rd quarter. WCM Investment Management LLC now owns 146,347 shares of the business services provider’s stock worth $14,639,000 after purchasing an additional 478 shares during the period. Versor Investments LP grew its holdings in Euronet Worldwide by 60.3% in the 3rd quarter. Versor Investments LP now owns 11,732 shares of the business services provider’s stock worth $1,164,000 after buying an additional 4,411 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Euronet Worldwide in the 3rd quarter worth approximately $15,258,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Insider Buying and Selling

In other news, CEO Juan Bianchi sold 4,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the transaction, the chief executive officer now owns 12,440 shares in the company, valued at approximately $1,276,095.20. This trade represents a 24.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.50% of the stock is currently owned by corporate insiders.

Euronet Worldwide Stock Up 1.0 %

NASDAQ:EEFT opened at $106.61 on Tuesday. Euronet Worldwide, Inc. has a 1 year low of $86.26 and a 1 year high of $117.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 15.41 and a beta of 1.46. The stock has a 50-day moving average price of $99.99 and a two-hundred day moving average price of $103.70.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates 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 company posted $2.53 earnings per share. As a group, equities analysts expect that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current year.

Analysts Set New Price Targets

EEFT has been the subject of a number of research reports. Oppenheimer increased their price target on Euronet Worldwide from $121.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday. DA Davidson restated a “buy” rating and issued a $136.00 target price on shares of Euronet Worldwide in a report on Tuesday, October 8th. StockNews.com upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Citigroup lowered Euronet Worldwide from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $118.00 to $110.00 in a report on Friday, October 18th. Finally, Needham & Company LLC cut their price objective on 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.13.

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.