Seven Eight Capital LP Has $967,000 Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Seven Eight Capital LP raised its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 241.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 9,342 shares of the business services provider’s stock after buying an additional 6,610 shares during the quarter. Seven Eight Capital LP’s holdings in Euronet Worldwide were worth $967,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Kodai Capital Management LP acquired a new stake in shares of Euronet Worldwide in the fourth quarter valued at approximately $23,728,000. Granahan Investment Management LLC raised its position in shares of Euronet Worldwide by 8.0% during the fourth quarter. Granahan Investment Management LLC now owns 221,061 shares of the business services provider’s stock worth $22,435,000 after acquiring an additional 16,358 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Euronet Worldwide by 4.5% during the first quarter. Clearbridge Investments LLC now owns 567,058 shares of the business services provider’s stock valued at $62,337,000 after acquiring an additional 24,566 shares during the period. LSV Asset Management bought a new position in Euronet Worldwide in the first quarter valued at about $1,638,000. Finally, Ellsworth Advisors LLC acquired a new stake in Euronet Worldwide in the second quarter worth about $514,000. 91.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on EEFT shares. Citigroup upped their target price on shares of Euronet Worldwide from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Needham & Company LLC restated a “buy” rating and issued a $125.00 price objective on shares of Euronet Worldwide in a report on Wednesday, September 4th. StockNews.com lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, Monness Crespi & Hardt raised their price target on Euronet Worldwide from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.11.

Insider Transactions at Euronet Worldwide

In related news, Director Thomas A. Mcdonnell acquired 3,206 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $93.86 per share, with a total value of $300,915.16. Following the transaction, the director now owns 90,000 shares of the company’s stock, valued at approximately $8,447,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Thomas A. Mcdonnell acquired 3,206 shares of the firm’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 acquisition, the director now owns 90,000 shares in the company, valued at $8,447,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Juan Bianchi sold 4,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 12,440 shares in the company, valued at approximately $1,276,095.20. The disclosure for this sale can be found here. 10.50% of the stock is owned by insiders.

Euronet Worldwide Stock Performance

EEFT stock opened at $100.66 on Friday. Euronet Worldwide, Inc. has a 1-year low of $73.84 and a 1-year high of $117.66. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85. The firm has a market cap of $4.62 billion, a PE ratio of 17.72 and a beta of 1.46. The business’s 50-day moving average price is $101.30 and its two-hundred day moving average price is $106.08.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the business posted $1.84 EPS. Euronet Worldwide’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, research analysts forecast that Euronet Worldwide, Inc. will post 7.88 earnings per share for the current 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.