Westfield Capital Management Co. LP Raises Holdings in Euronet Worldwide, Inc. (EEFT)
Westfield Capital Management Co. LP grew its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 21.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 155,124 shares of the business services provider’s stock after buying an additional 27,064 shares during the quarter. Westfield Capital Management Co. LP owned 0.30% of Euronet Worldwide worth $13,553,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. BB&T Securities LLC lifted its holdings in shares of Euronet Worldwide by 3.8% in the 2nd quarter. BB&T Securities LLC now owns 10,162 shares of the business services provider’s stock worth $887,000 after buying an additional 370 shares during the period. Credit Agricole S A lifted its stake in shares of Euronet Worldwide by 20.0% during the 1st quarter. Credit Agricole S A now owns 86,400 shares of the business services provider’s stock worth $7,389,000 after purchasing an additional 14,400 shares during the last quarter. Renaissance Group LLC lifted its stake in shares of Euronet Worldwide by 0.9% during the 2nd quarter. Renaissance Group LLC now owns 3,864 shares of the business services provider’s stock worth $338,000 after purchasing an additional 36 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Euronet Worldwide by 100.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 23,146 shares of the business services provider’s stock worth $2,023,000 after purchasing an additional 11,606 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. lifted its stake in shares of Euronet Worldwide by 1.0% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 211,860 shares of the business services provider’s stock worth $18,510,000 after purchasing an additional 2,137 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.
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In other Euronet Worldwide news, VP Jeffrey B. Newman sold 3,433 shares of Euronet Worldwide stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $92.00, for a total transaction of $315,836.00. Following the completion of the sale, the vice president now directly owns 16,386 shares of the company’s stock, valued at approximately $1,507,512. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kevin J. Caponecchi sold 49,238 shares of Euronet Worldwide stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $97.67, for a total value of $4,809,075.46. Following the sale, the chief executive officer now directly owns 79,096 shares of the company’s stock, valued at $7,725,306.32. The disclosure for this sale can be found here. Insiders have sold a total of 306,574 shares of company stock valued at $29,668,269 over the last three months. 7.70% of the stock is currently owned by insiders.
Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) traded up 0.26% during midday trading on Tuesday, hitting $99.29. The company had a trading volume of 7,966 shares. The company has a 50-day moving average of $96.96 and a 200 day moving average of $88.86. Euronet Worldwide, Inc. has a 12 month low of $70.51 and a 12 month high of $99.53. The firm has a market capitalization of $5.22 billion, a PE ratio of 32.05 and a beta of 1.36.
Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Wednesday, July 26th. The business services provider reported $1.09 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $513.10 million. During the same period in the previous year, the firm posted $0.97 EPS. Euronet Worldwide’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, analysts expect that Euronet Worldwide, Inc. will post $4.55 EPS for the current fiscal year.
A number of brokerages recently weighed in on EEFT. BidaskClub upgraded Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. Lake Street Capital restated a “buy” rating and set a $99.00 price objective (up from $96.00) on shares of Euronet Worldwide in a research note on Thursday, July 27th. DA Davidson began coverage on Euronet Worldwide in a research note on Wednesday, July 19th. They set a “buy” rating and a $105.00 price objective for the company. Finally, Zacks Investment Research upgraded Euronet Worldwide from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research note on Monday, July 17th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Euronet Worldwide has an average rating of “Buy” and a consensus target price of $100.20.
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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