Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Blue Trust Inc.

Blue Trust Inc. reduced its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 79.7% during the third quarter, HoldingsChannel reports. The firm owned 784 shares of the business services provider’s stock after selling 3,075 shares during the quarter. Blue Trust Inc.’s holdings in Euronet Worldwide were worth $81,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Arizona State Retirement System raised its holdings in Euronet Worldwide by 1.1% in the second quarter. Arizona State Retirement System now owns 12,176 shares of the business services provider’s stock valued at $1,260,000 after acquiring an additional 135 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Euronet Worldwide by 6.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider’s stock valued at $243,000 after acquiring an additional 143 shares in the last quarter. State of Michigan Retirement System raised its holdings in Euronet Worldwide by 1.9% in the first quarter. State of Michigan Retirement System now owns 10,717 shares of the business services provider’s stock valued at $1,178,000 after acquiring an additional 200 shares in the last quarter. Fifth Third Bancorp raised its holdings in Euronet Worldwide by 14.7% in the second quarter. Fifth Third Bancorp now owns 1,588 shares of the business services provider’s stock valued at $164,000 after acquiring an additional 203 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in Euronet Worldwide by 0.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 54,289 shares of the business services provider’s stock valued at $6,075,000 after acquiring an additional 215 shares in the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Thomas A. Mcdonnell purchased 3,206 shares of the business’s stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $93.86 per share, with a total value of $300,915.16. Following the acquisition, the director now directly owns 90,000 shares in the company, valued at approximately $8,447,400. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 12,440 shares in the company, valued at $1,276,095.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas A. Mcdonnell bought 3,206 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average price of $93.86 per share, with a total value of $300,915.16. Following the transaction, the director now directly owns 90,000 shares in the company, valued at $8,447,400. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 10.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Needham & Company LLC cut their price target on shares of Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. DA Davidson restated a “buy” rating and issued a $136.00 price target on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Oppenheimer began coverage on shares of Euronet Worldwide in a research report on Tuesday, October 1st. They set an “outperform” rating and a $121.00 price objective for the company. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. Finally, Citigroup cut Euronet Worldwide from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $118.00 to $110.00 in a research report on Friday, October 18th. Four 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.38.

Euronet Worldwide Price Performance

Shares of NASDAQ:EEFT opened at $98.46 on Wednesday. The stock has a market capitalization of $4.42 billion, a P/E ratio of 14.23 and a beta of 1.46. The business has a 50-day moving average of $100.30 and a two-hundred day moving average of $104.13. Euronet Worldwide, Inc. has a fifty-two week low of $75.41 and a fifty-two week high of $117.66. 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 (NASDAQ:EEFT) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.04 billion. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. During the same period last year, the business posted $2.53 EPS. On average, equities research analysts predict that Euronet Worldwide, Inc. will post 7.88 EPS for the current fiscal year.

About Euronet Worldwide

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.