Capstone Asset Management Co. purchased a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,357 shares of the business services provider’s stock, valued at approximately $206,000.

Several other large investors have also recently bought and sold shares of EEFT. 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 worth $4,332,000 after buying an additional 18,089 shares during the last quarter. Credit Agricole S A increased its position in shares of Euronet Worldwide by 20.0% in the first quarter. Credit Agricole S A now owns 86,400 shares of the business services provider’s stock worth $7,389,000 after buying an additional 14,400 shares during the last quarter. Clinton Group Inc. increased its position in shares of Euronet Worldwide by 121.2% in the first quarter. Clinton Group Inc. now owns 18,470 shares of the business services provider’s stock worth $1,580,000 after buying an additional 10,120 shares during the last quarter. Rothschild Asset Management Inc. increased its position in shares of Euronet Worldwide by 3.2% in the first quarter. Rothschild Asset Management Inc. now owns 206,118 shares of the business services provider’s stock worth $17,627,000 after buying an additional 6,341 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Euronet Worldwide by 0.6% in the first quarter. Swiss National Bank now owns 81,900 shares of the business services provider’s stock worth $7,004,000 after buying an additional 500 shares during the last quarter. 93.95% of the stock is owned by institutional investors.

Shares of Euronet Worldwide, Inc. (EEFT) traded up 0.296% during mid-day trading on Tuesday, hitting $96.685. The stock had a trading volume of 80,650 shares. The stock has a market capitalization of $5.08 billion, a P/E ratio of 31.209 and a beta of 1.34. The stock has a 50 day moving average of $93.18 and a 200-day moving average of $86.48. Euronet Worldwide, Inc. has a 52 week low of $70.51 and a 52 week high of $97.92.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Wednesday, July 26th. The business services provider reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.01. Euronet Worldwide had a return on equity of 22.32% and a net margin of 8.23%. The firm had revenue of $536.60 million for the quarter, compared to analyst estimates of $513.10 million. During the same quarter last year, the company earned $0.97 EPS. The company’s revenue was up 12.5% on a year-over-year basis. On average, equities research analysts predict that Euronet Worldwide, Inc. will post $4.55 earnings per share for the current year.

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Several brokerages have commented on EEFT. BidaskClub raised Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. Zacks Investment Research downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Lake Street Capital reaffirmed a “buy” rating and issued a $99.00 price target (up from $96.00) on shares of Euronet Worldwide in a research report on Thursday, July 27th. Finally, DA Davidson began coverage on Euronet Worldwide in a research report on Wednesday, July 19th. They issued a “buy” rating and a $105.00 price target on the stock. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $100.20.

In other Euronet Worldwide news, VP Jeffrey B. Newman sold 3,433 shares of the firm’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $92.00, for a total transaction of $315,836.00. Following the transaction, the vice president now owns 16,386 shares in the company, valued at approximately $1,507,512. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Nikos Fountas sold 20,789 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $96.72, for a total value of $2,010,712.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 126,883 shares of company stock worth $11,968,683. 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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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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