XTX Topco Ltd Makes New $771,000 Investment in Euronet Worldwide, Inc. (NASDAQ:EEFT)

XTX Topco Ltd bought a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,445 shares of the business services provider’s stock, valued at approximately $771,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kodai Capital Management LP acquired a new position in shares of Euronet Worldwide in the fourth quarter worth about $23,728,000. Granahan Investment Management LLC boosted its holdings in shares of Euronet Worldwide by 8.0% during the fourth quarter. Granahan Investment Management LLC now owns 221,061 shares of the business services provider’s stock worth $22,435,000 after purchasing an additional 16,358 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of Euronet Worldwide by 4.5% during the first quarter. Clearbridge Investments LLC now owns 567,058 shares of the business services provider’s stock worth $62,337,000 after purchasing an additional 24,566 shares during the period. LSV Asset Management acquired a new stake in shares of Euronet Worldwide during the first quarter worth approximately $1,638,000. Finally, Ellsworth Advisors LLC acquired a new stake in shares of Euronet Worldwide during the second quarter worth approximately $514,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Citigroup raised their price target on shares of Euronet Worldwide from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Needham & Company LLC restated a “buy” rating and set a $125.00 price target on shares of Euronet Worldwide in a report on Wednesday, September 4th. Finally, Monness Crespi & Hardt boosted their target price on shares of Euronet Worldwide from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.11.

Insider Transactions at Euronet Worldwide

In other news, Director Thomas A. Mcdonnell acquired 3,206 shares of Euronet Worldwide stock in a transaction dated Monday, August 5th. The stock was acquired at an average cost of $93.86 per share, for a total transaction of $300,915.16. Following the completion of the purchase, the director now owns 90,000 shares of the company’s stock, valued at $8,447,400. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 completion of the transaction, the chief executive officer now directly owns 12,440 shares in the company, valued at approximately $1,276,095.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas A. Mcdonnell bought 3,206 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $93.86 per share, with a total value of $300,915.16. Following the completion of the purchase, the director now owns 90,000 shares in the company, valued at $8,447,400. The disclosure for this purchase can be found here. 10.50% of the stock is owned by corporate insiders.

Euronet Worldwide Price Performance

Shares of Euronet Worldwide stock opened at $100.66 on Monday. The firm has a fifty day simple moving average of $101.30 and a 200-day simple moving average of $106.03. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85. Euronet Worldwide, Inc. has a 1-year low of $73.84 and a 1-year high of $117.66. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 17.72 and a beta of 1.46.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Thursday, July 18th. The business services provider reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.21. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. The business had revenue of $986.20 million during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the company earned $1.84 earnings per share. Euronet Worldwide’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, sell-side analysts expect that Euronet Worldwide, Inc. will post 7.88 earnings per share for the current year.

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.