Alliancebernstein L.P. Has $2.67 Million Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)
Alliancebernstein L.P. boosted its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,255 shares of the business services provider’s stock after buying an additional 36 shares during the period. Alliancebernstein L.P. owned about 0.06% of Euronet Worldwide worth $2,673,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Bank of Montreal Can increased its position in shares of Euronet Worldwide by 55.5% in the first quarter. Bank of Montreal Can now owns 50,659 shares of the business services provider’s stock valued at $4,332,000 after buying an additional 18,089 shares in the last quarter. Guggenheim Capital LLC bought a new position in shares of Euronet Worldwide during the fourth quarter valued at about $939,000. Norges Bank bought a new position in shares of Euronet Worldwide during the fourth quarter valued at about $28,977,000. Comerica Bank increased its position in shares of Euronet Worldwide by 23.5% in the fourth quarter. Comerica Bank now owns 28,406 shares of the business services provider’s stock valued at $2,074,000 after buying an additional 5,404 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of Euronet Worldwide during the fourth quarter valued at about $1,173,000. 94.42% of the stock is currently owned by institutional investors and hedge funds.
Euronet Worldwide, Inc. (NASDAQ EEFT) traded up 0.01% during mid-day trading on Monday, hitting $96.83. The stock had a trading volume of 201,080 shares. Euronet Worldwide, Inc. has a one year low of $70.51 and a one year high of $97.17. The firm’s 50-day moving average is $89.65 and its 200 day moving average is $84.10. The stock has a market cap of $5.09 billion, a PE ratio of 31.26 and a beta of 1.34.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, July 26th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.01. The firm had revenue of $536.60 million for the quarter, compared to the consensus estimate of $513.10 million. Euronet Worldwide had a net margin of 8.23% and a return on equity of 22.32%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.97 earnings per share. Equities research analysts expect that Euronet Worldwide, Inc. will post $4.55 EPS for the current year.
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Several research analysts recently issued reports on EEFT shares. Zacks Investment Research downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Lake Street Capital assumed coverage on Euronet Worldwide in a report on Monday, June 26th. They issued a “buy” rating and a $96.00 price target for the company. DA Davidson assumed coverage on Euronet Worldwide in a report on Wednesday, July 19th. They issued a “buy” rating and a $105.00 price target for the company. Finally, BidaskClub upgraded Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a report on Sunday. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $100.20.
In other Euronet Worldwide news, VP Jeffrey B. Newman sold 3,433 shares of the stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $92.00, for a total transaction of $315,836.00. Following the sale, the vice president now directly owns 16,386 shares in the company, valued at $1,507,512. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael J. Brown sold 60,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $96.49, for a total transaction of $5,789,400.00. Following the sale, the chief executive officer now owns 1,605,886 shares in the company, valued at $154,951,940.14. The disclosure for this sale can be found here. Insiders have sold 106,094 shares of company stock worth $9,957,971 over the last quarter. Corporate insiders own 7.70% of the company’s stock.
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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