Maverick Capital Ltd. Has $1.54 Million Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Maverick Capital Ltd. lifted its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 507.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,916 shares of the business services provider’s stock after buying an additional 12,462 shares during the quarter. Maverick Capital Ltd.’s holdings in Euronet Worldwide were worth $1,544,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC grew its position in shares of Euronet Worldwide by 36.6% in the 2nd quarter. AQR Capital Management LLC now owns 272,430 shares of the business services provider’s stock valued at $28,197,000 after acquiring an additional 73,053 shares during the period. AXA S.A. acquired a new stake in Euronet Worldwide in the 2nd quarter valued at about $1,117,000. Squarepoint Ops LLC lifted its stake in Euronet Worldwide by 253.3% in the 2nd quarter. Squarepoint Ops LLC now owns 23,857 shares of the business services provider’s stock valued at $2,469,000 after purchasing an additional 17,104 shares during the last quarter. Marshall Wace LLP bought a new position in Euronet Worldwide during the second quarter worth about $9,047,000. Finally, King Luther Capital Management Corp increased its position in Euronet Worldwide by 4.5% during the second quarter. King Luther Capital Management Corp now owns 73,160 shares of the business services provider’s stock worth $7,572,000 after buying an additional 3,157 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EEFT has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Euronet Worldwide in a research report on Wednesday, September 4th. Monness Crespi & Hardt increased their price target on Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Finally, StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $124.11.

Euronet Worldwide Stock Up 1.0 %

EEFT stock opened at $100.03 on Friday. Euronet Worldwide, Inc. has a fifty-two week low of $73.84 and a fifty-two week 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 stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 17.61 and a beta of 1.46. The business’s fifty day moving average price is $100.72 and its two-hundred day moving average price is $105.69.

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 the consensus estimate of $2.04 by $0.21. The business had revenue of $986.20 million during the quarter, compared to analysts’ expectations of $1.09 billion. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. The business’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.84 EPS. On average, equities analysts anticipate that Euronet Worldwide, Inc. will post 7.86 earnings per share for the current year.

Insider Activity

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