Swiss National Bank Has $8.44 Million Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Swiss National Bank cut its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 85,100 shares of the business services provider’s stock after selling 400 shares during the quarter. Swiss National Bank’s holdings in Euronet Worldwide were worth $8,444,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Summit Securities Group LLC bought a new stake in Euronet Worldwide in the 2nd quarter valued at about $57,000. GAMMA Investing LLC increased its position in Euronet Worldwide by 69.5% in 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. 1620 Investment Advisors Inc. bought a new stake in Euronet Worldwide in the 2nd quarter valued at about $80,000. Mendota Financial Group LLC bought a new stake in Euronet Worldwide in the 3rd quarter valued at about $100,000. Finally, Headlands Technologies LLC increased its position in Euronet Worldwide by 131.8% in the 2nd quarter. Headlands Technologies LLC now owns 1,064 shares of the business services provider’s stock valued at $110,000 after buying an additional 605 shares in the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Euronet Worldwide

In related news, CEO Juan Bianchi sold 4,000 shares of the company’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 transaction, the chief executive officer now owns 12,440 shares in the company, valued at approximately $1,276,095.20. This represents a 24.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.50% of the stock is owned by company insiders.

Euronet Worldwide Price Performance

Shares of NASDAQ EEFT opened at $106.61 on Tuesday. Euronet Worldwide, Inc. has a twelve month low of $86.26 and a twelve month high of $117.66. The stock’s 50 day moving average price is $99.99 and its 200-day moving average price is $103.70. The company has a market capitalization of $4.68 billion, a PE ratio of 15.41 and a beta of 1.46. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, beating the consensus estimate of $2.92 by $0.11. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the business earned $2.53 earnings per share. On average, equities analysts anticipate that Euronet Worldwide, Inc. will post 7.87 EPS for the current year.

Wall Street Analyst Weigh In

EEFT has been the subject of a number of recent research reports. DA Davidson reissued a “buy” rating and set a $136.00 price objective on shares of Euronet Worldwide in a report on Tuesday, October 8th. Needham & Company LLC decreased their price objective on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, October 24th. StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Oppenheimer boosted their price objective on Euronet Worldwide from $121.00 to $135.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Euronet Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $127.13.

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.