King Luther Capital Management Corp Grows Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

King Luther Capital Management Corp increased its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 4.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 73,160 shares of the business services provider’s stock after buying an additional 3,157 shares during the quarter. King Luther Capital Management Corp’s holdings in Euronet Worldwide were worth $7,572,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EEFT. Quadrant Capital Group LLC increased its holdings in shares of Euronet Worldwide by 242.7% during the fourth quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 250 shares in the last quarter. Headlands Technologies LLC bought a new stake in Euronet Worldwide during the 1st quarter valued at about $50,000. Covestor Ltd raised its holdings in 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 buying an additional 348 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of Euronet Worldwide in the second quarter worth approximately $57,000. Finally, GAMMA Investing LLC grew its holdings in shares of Euronet Worldwide by 69.5% during the second 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 during the last quarter. Institutional investors own 91.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price target on shares of Euronet Worldwide in a research note on Wednesday, September 4th. Monness Crespi & Hardt increased their price objective on shares of Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Finally, Citigroup lifted their target price on shares of Euronet Worldwide from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.11.

Insider Activity

In other 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 transaction of $410,320.00. Following the transaction, the chief executive officer now owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Euronet Worldwide news, Director Thomas A. Mcdonnell bought 3,206 shares of the company’s stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $93.86 per share, for a total transaction 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 $8,447,400. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Juan Bianchi sold 4,000 shares of the 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 disclosure for this sale can be found here. Corporate insiders own 10.50% of the company’s stock.

Euronet Worldwide Price Performance

Shares of Euronet Worldwide stock opened at $100.66 on Friday. The stock has a market cap of $4.62 billion, a P/E ratio of 17.72 and a beta of 1.46. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.19 and a current ratio of 1.19. The stock’s fifty day moving average is $101.30 and its 200 day moving average is $106.08. Euronet Worldwide, Inc. has a one year low of $73.84 and a one year high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share for the quarter, beating 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 analysts’ expectations of $1.09 billion. During the same quarter last year, the business posted $1.84 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. Sell-side analysts anticipate that Euronet Worldwide, Inc. will post 7.88 earnings per share for the current year.

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.