Marshall Wace LLP Takes $9.05 Million Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Marshall Wace LLP purchased a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 87,410 shares of the business services provider’s stock, valued at approximately $9,047,000.

A number of other hedge funds have also recently added to or reduced their stakes in EEFT. Headlands Technologies LLC bought a new position in shares of Euronet Worldwide in the first quarter worth about $50,000. Covestor Ltd raised its position in Euronet Worldwide by 174.9% in the 1st quarter. Covestor Ltd now owns 547 shares of the business services provider’s stock worth $60,000 after purchasing an additional 348 shares during the last quarter. Summit Securities Group LLC acquired a new position in Euronet Worldwide during the 2nd quarter worth $57,000. GAMMA Investing LLC boosted 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 during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Euronet Worldwide in the 2nd quarter valued at $80,000. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Up 1.0 %

Euronet Worldwide stock opened at $100.03 on Monday. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 17.61 and a beta of 1.46. The company’s 50 day simple moving average is $100.72 and its 200 day simple moving average is $105.66. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.19 and a quick ratio of 1.19. Euronet Worldwide, Inc. has a fifty-two week low of $73.84 and a fifty-two week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.21. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. The company had revenue of $986.20 million for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the firm posted $1.84 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Euronet Worldwide, Inc. will post 7.86 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Euronet Worldwide in a research note on Wednesday, September 4th. StockNews.com lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Finally, Monness Crespi & Hardt boosted their price target on shares of Euronet Worldwide from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $125.88.

Insider Buying and Selling at Euronet Worldwide

In other news, CEO Juan Bianchi sold 4,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the sale, the chief executive officer now owns 12,440 shares of the company’s stock, valued at $1,276,095.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Juan Bianchi sold 4,000 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total transaction of $410,320.00. Following the completion of the sale, the chief executive officer now 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas A. Mcdonnell acquired 3,206 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price 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 of the company’s stock, valued at $8,447,400. The disclosure for this purchase can be found here. 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.