Profit Investment Management LLC Has $1,637,000 Position in Euronet Worldwide Inc. (EEFT)
Profit Investment Management LLC held its stake in Euronet Worldwide Inc. (NASDAQ:EEFT) during the third quarter, according to its most recent filing with the SEC. The fund owned 20,008 shares of the company’s stock at the end of the third quarter. Euronet Worldwide accounts for approximately 1.6% of Profit Investment Management LLC’s portfolio, making the stock its 19th largest position. Profit Investment Management LLC’s holdings in Euronet Worldwide were worth $1,637,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of EEFT. Creative Planning boosted its stake in Euronet Worldwide by 0.5% in the third quarter. Creative Planning now owns 21,198 shares of the company’s stock valued at $1,735,000 after buying an additional 96 shares during the period. Smithfield Trust Co. boosted its stake in Euronet Worldwide by 14.6% in the second quarter. Smithfield Trust Co. now owns 2,053 shares of the company’s stock valued at $142,000 after buying an additional 261 shares during the period. Northwest Investment Counselors LLC boosted its stake in Euronet Worldwide by 6.1% in the second quarter. Northwest Investment Counselors LLC now owns 5,128 shares of the company’s stock valued at $355,000 after buying an additional 294 shares during the period. Aviance Capital Management LLC boosted its stake in Euronet Worldwide by 10.3% in the second quarter. Aviance Capital Management LLC now owns 4,395 shares of the company’s stock valued at $304,000 after buying an additional 410 shares during the period. Finally, I.G. Investment Management LTD. boosted its stake in Euronet Worldwide by 1.8% in the second quarter. I.G. Investment Management LTD. now owns 32,152 shares of the company’s stock valued at $2,225,000 after buying an additional 584 shares during the period. Institutional investors own 94.26% of the company’s stock.
Euronet Worldwide Inc. (NASDAQ:EEFT) traded down 2.24% on Monday, hitting $75.57. 376,224 shares of the company’s stock were exchanged. Euronet Worldwide Inc. has a 52-week low of $52.00 and a 52-week high of $84.81. The firm has a 50 day moving average price of $79.29 and a 200-day moving average price of $77.60. The stock has a market cap of $3.95 billion, a P/E ratio of 23.05 and a beta of 1.40.
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EEFT has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Wednesday, October 26th. SunTrust Banks Inc. initiated coverage on shares of Euronet Worldwide in a research note on Wednesday, October 12th. They set a “buy” rating and a $98.00 target price on the stock. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $88.14.
In related news, VP Jeffrey B. Newman sold 10,000 shares of Euronet Worldwide stock in a transaction on Friday, November 4th. The shares were sold at an average price of $78.13, for a total value of $781,300.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 7.30% of the stock is currently owned by corporate insiders.
About Euronet Worldwide
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
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