Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC lifted its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,674 shares of the business services provider’s stock after purchasing an additional 158 shares during the period. HighTower Advisors LLC’s holdings in Euronet Worldwide were worth $2,540,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EEFT. Holocene Advisors LP acquired a new stake in Euronet Worldwide in the 3rd quarter valued at about $666,000. Centiva Capital LP purchased a new position in Euronet Worldwide in the third quarter worth approximately $618,000. Benjamin Edwards Inc. purchased a new position in Euronet Worldwide in the third quarter worth approximately $457,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Euronet Worldwide during the 3rd quarter worth approximately $397,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Euronet Worldwide in the 3rd quarter valued at approximately $306,000. 91.60% of the stock is owned by institutional investors and hedge funds.

Euronet Worldwide Trading Up 0.1 %

EEFT opened at $103.46 on Friday. 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, Inc. has a 52 week low of $91.07 and a 52 week high of $117.66. The business’s 50 day moving average is $101.63 and its two-hundred day moving average is $102.80. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results 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 net margin of 8.49% and a return on equity of 26.86%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm earned $2.53 EPS. On average, research analysts predict that Euronet Worldwide, Inc. will post 7.87 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EEFT shares. Oppenheimer lifted their price objective on shares of Euronet Worldwide from $121.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. DA Davidson reaffirmed a “buy” rating and set a $136.00 price target on shares of Euronet Worldwide in a report on Tuesday, October 8th. Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Euronet Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.13.

Insider Activity

In other Euronet Worldwide news, CEO Nikos Fountas sold 21,479 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the completion of the transaction, the chief executive officer now owns 52,370 shares in the company, valued at approximately $5,423,437.20. This represents a 29.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Martin L. Bruckner sold 9,397 shares of Euronet Worldwide stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the completion of the sale, the senior vice president now directly owns 39,983 shares in the company, valued at approximately $4,290,575.73. The trade was a 19.03 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,910 shares of company stock valued at $8,780,102. Insiders own 10.50% of the company’s stock.

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.