Algert Global LLC Boosts Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Algert Global LLC boosted its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,955 shares of the business services provider’s stock after buying an additional 1,278 shares during the quarter. Euronet Worldwide makes up about 0.4% of Algert Global LLC’s holdings, making the stock its 13th largest position. Algert Global LLC owned about 0.26% of Euronet Worldwide worth $12,312,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in Euronet Worldwide in the 1st quarter worth about $50,000. Covestor Ltd increased its stake in shares of Euronet Worldwide by 174.9% in the first quarter. Covestor Ltd now owns 547 shares of the business services provider’s stock worth $60,000 after purchasing an additional 348 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Euronet Worldwide in the second quarter worth about $57,000. GAMMA Investing LLC lifted its stake in shares of Euronet Worldwide by 69.5% during the 2nd quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock valued at $61,000 after buying an additional 241 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in Euronet Worldwide in the 2nd quarter worth approximately $80,000. 91.60% of the stock is currently owned by institutional investors.

Euronet Worldwide Trading Up 1.0 %

Shares of EEFT opened at $100.03 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.19 and a current ratio of 1.19. Euronet Worldwide, Inc. has a fifty-two week low of $73.84 and a fifty-two week high of $117.66. The firm has a 50 day moving average price of $100.72 and a 200-day moving average price of $105.66. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 17.61 and a beta of 1.46.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $1.09 billion. During the same period in the prior year, the business posted $1.84 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. As a group, equities research analysts forecast that Euronet Worldwide, Inc. will post 7.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the business’s 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 completion of the sale, the chief executive officer now owns 12,440 shares in the company, valued at $1,276,095.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Juan Bianchi sold 4,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $1,276,095.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas A. Mcdonnell bought 3,206 shares of the business’s stock in a transaction that occurred on 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 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 owned by corporate insiders.

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.