Ensign Peak Advisors Inc Lowers Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Ensign Peak Advisors Inc decreased its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 40.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,420 shares of the business services provider’s stock after selling 21,340 shares during the period. Ensign Peak Advisors Inc owned approximately 0.07% of Euronet Worldwide worth $3,252,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EEFT. UBS Group AG boosted its position in shares of Euronet Worldwide by 110.5% during the 4th quarter. UBS Group AG now owns 64,970 shares of the business services provider’s stock valued at $6,594,000 after acquiring an additional 34,111 shares during the last quarter. Intech Investment Management LLC grew its stake in Euronet Worldwide by 6.7% in the 4th quarter. Intech Investment Management LLC now owns 4,355 shares of the business services provider’s stock worth $442,000 after buying an additional 273 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of Euronet Worldwide by 4.2% in the 4th quarter. Treasurer of the State of North Carolina now owns 21,645 shares of the business services provider’s stock worth $2,197,000 after buying an additional 880 shares during the last quarter. Isthmus Partners LLC purchased a new stake in shares of Euronet Worldwide during the 4th quarter valued at $291,000. Finally, Rock Creek Group LP lifted its holdings in shares of Euronet Worldwide by 25.0% during the 4th quarter. Rock Creek Group LP now owns 25,000 shares of the business services provider’s stock worth $2,537,000 after acquiring an additional 5,000 shares during the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Monness Crespi & Hardt increased their target price on Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Euronet Worldwide in a research note on Wednesday, September 4th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.11.

Euronet Worldwide Price Performance

Shares of Euronet Worldwide stock opened at $99.02 on Friday. The stock has a market capitalization of $4.45 billion, a P/E ratio of 17.43 and a beta of 1.46. Euronet Worldwide, Inc. has a one year low of $73.84 and a one year high of $117.66. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.19 and a quick ratio of 1.19. The business’s 50 day simple moving average is $100.75 and its two-hundred day simple moving average is $105.77.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Thursday, July 18th. The business services provider reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.21. The company had revenue of $986.20 million during the quarter, compared to analyst estimates of $1.09 billion. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.84 EPS. Analysts forecast that Euronet Worldwide, Inc. will post 7.86 EPS for the current year.

Insider Buying and Selling at Euronet Worldwide

In other news, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $102.58, for a total value of $410,320.00. Following the sale, the chief executive officer now directly owns 12,440 shares in the company, valued at approximately $1,276,095.20. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Juan Bianchi sold 4,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $102.58, for a total value of $410,320.00. Following the completion of the sale, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas A. Mcdonnell purchased 3,206 shares of Euronet Worldwide stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $93.86 per share, for a total transaction of $300,915.16. Following the transaction, the director now directly owns 90,000 shares of the company’s stock, valued at $8,447,400. The disclosure for this purchase can be found here. 10.50% of the stock is currently owned by corporate insiders.

Euronet Worldwide Company 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.