Nicholas Company Inc. Maintains Position in Euronet Worldwide, Inc. (EEFT)
Nicholas Company Inc. continued to hold its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 64,160 shares of the business services provider’s stock at the end of the 2nd quarter. Nicholas Company Inc. owned about 0.12% of Euronet Worldwide worth $5,605,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fiduciary Trust Co. acquired a new stake in Euronet Worldwide in the second quarter valued at approximately $122,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Euronet Worldwide by 10.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock worth $157,000 after buying an additional 167 shares during the last quarter. World Asset Management Inc purchased a new position in shares of Euronet Worldwide in the second quarter worth $201,000. Capstone Asset Management Co. purchased a new position in shares of Euronet Worldwide in the second quarter worth $206,000. Finally, Keybank National Association OH purchased a new position in shares of Euronet Worldwide in the first quarter worth $210,000. Institutional investors own 93.96% of the company’s stock.
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Euronet Worldwide, Inc. (EEFT) opened at 98.68 on Friday. The company’s 50 day moving average is $96.86 and its 200 day moving average is $88.66. The stock has a market cap of $5.18 billion, a PE ratio of 31.85 and a beta of 1.36. Euronet Worldwide, Inc. has a one year low of $70.51 and a one year high of $99.04.
Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly 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 firm had revenue of $536.60 million during the quarter, compared to analysts’ expectations of $513.10 million. Euronet Worldwide had a net margin of 8.23% and a return on equity of 22.32%. Euronet Worldwide’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 EPS. On average, equities research analysts expect that Euronet Worldwide, Inc. will post $4.55 EPS for the current year.
In related news, Director Andrej Olechowski sold 10,276 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of $97.30, for a total transaction of $999,854.80. Following the completion of the sale, the director now owns 14,355 shares in the company, valued at approximately $1,396,741.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jeffrey B. Newman sold 24,535 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $92.01, for a total transaction of $2,257,465.35. Following the sale, the vice president now owns 16,918 shares of the company’s stock, valued at approximately $1,556,625.18. The disclosure for this sale can be found here. In the last quarter, insiders have sold 306,574 shares of company stock valued at $29,668,269. 7.70% of the stock is owned by company insiders.
EEFT has been the subject of a number of research analyst reports. BidaskClub raised shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. Lake Street Capital reaffirmed a “buy” rating and issued a $99.00 price target (up previously from $96.00) on shares of Euronet Worldwide in a report on Thursday, July 27th. Zacks Investment Research raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Monday, July 17th. Finally, DA Davidson initiated coverage on shares of Euronet Worldwide in a report on Wednesday, July 19th. They issued a “buy” rating and a $105.00 price target for the company. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $100.20.
Euronet Worldwide 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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