SkyView Investment Advisors LLC Acquires 1,491 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

SkyView Investment Advisors LLC grew its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 28.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,686 shares of the business services provider’s stock after purchasing an additional 1,491 shares during the period. SkyView Investment Advisors LLC’s holdings in Euronet Worldwide were worth $692,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Kodai Capital Management LP bought a new stake in Euronet Worldwide during the 4th quarter valued at $23,728,000. Granahan Investment Management LLC lifted its holdings in Euronet Worldwide by 8.0% during the 4th 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 in the last quarter. Clearbridge Investments LLC boosted its stake in Euronet Worldwide by 4.5% in the 1st 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 purchased a new position in Euronet Worldwide during the 1st quarter valued at about $1,638,000. Finally, Ellsworth Advisors LLC bought a new stake in shares of Euronet Worldwide during the second quarter valued at about $514,000. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Euronet Worldwide news, Director Thomas A. Mcdonnell purchased 3,206 shares of the stock in a transaction on Monday, August 5th. The stock was acquired at an average cost 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 of the company’s stock, valued at approximately $8,447,400. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total value of $410,320.00. Following 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 can be accessed through this link. Also, Director Thomas A. Mcdonnell purchased 3,206 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average price of $93.86 per share, with a total value of $300,915.16. Following the completion of the acquisition, the director now directly 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.

Analyst Upgrades and Downgrades

EEFT has been the subject of several recent analyst reports. Monness Crespi & Hardt boosted their price objective on shares of 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 shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price objective on shares of Euronet Worldwide in a research report on Wednesday, September 4th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.11.

Euronet Worldwide Trading Up 1.0 %

Shares of EEFT stock opened at $100.03 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.85. The firm has a market cap of $4.59 billion, a P/E ratio of 17.61 and a beta of 1.46. The business has a 50-day moving average price of $100.72 and a two-hundred day moving average price of $105.66. Euronet Worldwide, Inc. has a 12-month low of $73.84 and a 12-month high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.21. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The business had revenue of $986.20 million during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the firm earned $1.84 earnings per share. Euronet Worldwide’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities analysts anticipate that Euronet Worldwide, Inc. will post 7.86 EPS for the current fiscal year.

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.