Euronet Worldwide, Inc. (EEFT) Shares Bought by William Blair Investment Management LLC
William Blair Investment Management LLC boosted its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 4.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 879,475 shares of the business services provider’s stock after buying an additional 40,129 shares during the period. William Blair Investment Management LLC owned about 1.59% of Euronet Worldwide worth $76,840,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Stifel Financial Corp raised its stake in shares of Euronet Worldwide by 20.5% in the first quarter. Stifel Financial Corp now owns 150,208 shares of the business services provider’s stock worth $12,837,000 after buying an additional 25,510 shares during the period. US Bancorp DE increased its position in shares of Euronet Worldwide by 5.3% in the first quarter. US Bancorp DE now owns 18,377 shares of the business services provider’s stock worth $1,572,000 after buying an additional 923 shares in the last quarter. Capital Fund Management S.A. bought a new position in shares of Euronet Worldwide during the first quarter worth about $829,000. Massmutual Trust Co. FSB ADV increased its position in shares of Euronet Worldwide by 37.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 4,139 shares of the business services provider’s stock worth $354,000 after buying an additional 1,123 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. increased its position in shares of Euronet Worldwide by 2.7% in the first quarter. Bbva Compass Bancshares Inc. now owns 10,654 shares of the business services provider’s stock worth $911,000 after buying an additional 282 shares in the last quarter. 93.95% of the stock is owned by institutional investors and hedge funds.
Euronet Worldwide, Inc. (NASDAQ EEFT) opened at 96.40 on Tuesday. The company’s 50-day moving average price is $93.18 and its 200 day moving average price is $86.48. The stock has a market capitalization of $5.06 billion, a P/E ratio of 31.12 and a beta of 1.34. Euronet Worldwide, Inc. has a 52 week low of $70.51 and a 52 week high of $97.92.
Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Wednesday, July 26th. The business services provider reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.01. The business 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 firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.97 earnings per share. Equities research analysts expect that Euronet Worldwide, Inc. will post $4.55 EPS for the current fiscal year.
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A number of brokerages have recently issued reports on EEFT. Zacks Investment Research downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, July 28th. DA Davidson began coverage on Euronet Worldwide in a report on Wednesday, July 19th. They issued a “buy” rating and a $105.00 price target on the stock. Lake Street Capital began coverage on Euronet Worldwide in a report on Monday, June 26th. They issued a “buy” rating and a $96.00 price target on the stock. Finally, BidaskClub upgraded Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 6th. One equities research 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 stock. Euronet Worldwide presently has an average rating of “Buy” and an average target price of $100.20.
In other Euronet Worldwide news, VP Jeffrey B. Newman sold 24,535 shares of the company’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $92.01, for a total value of $2,257,465.35. Following the transaction, the vice president now directly owns 16,918 shares in the company, valued at $1,556,625.18. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Juan Bianchi sold 18,126 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $88.01, for a total transaction of $1,595,269.26. Following the completion of the transaction, the chief executive officer now owns 9,534 shares in the company, valued at $839,087.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 126,883 shares of company stock worth $11,968,683. 7.70% of the stock is owned by corporate insiders.
Euronet Worldwide Company Profile
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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