Prudential PLC trimmed its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 99.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,100 shares of the business services provider’s stock after selling 3,375,000 shares during the period. Prudential PLC’s holdings in Euronet Worldwide were worth $358,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Alps Advisors Inc. raised its position in shares of Euronet Worldwide by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,753 shares of the business services provider’s stock valued at $503,000 after buying an additional 15 shares during the last quarter. Renaissance Group LLC raised its position in shares of Euronet Worldwide by 0.9% in the second quarter. Renaissance Group LLC now owns 3,864 shares of the business services provider’s stock valued at $338,000 after buying an additional 36 shares during the last quarter. American Century Companies Inc. raised its position in shares of Euronet Worldwide by 1.9% in the second quarter. American Century Companies Inc. now owns 4,972 shares of the business services provider’s stock valued at $434,000 after buying an additional 94 shares during the last quarter. NGAM Advisors L.P. raised its position in shares of Euronet Worldwide by 0.3% in the second quarter. NGAM Advisors L.P. now owns 29,932 shares of the business services provider’s stock valued at $2,616,000 after buying an additional 95 shares during the last quarter. Finally, Utah Retirement Systems raised its position in shares of Euronet Worldwide by 1.1% in the second quarter. Utah Retirement Systems now owns 9,200 shares of the business services provider’s stock valued at $804,000 after buying an additional 100 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, Director Andrej Olechowski sold 10,276 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $97.30, for a total value of $999,854.80. Following the transaction, the director now directly owns 14,355 shares in the company, valued at approximately $1,396,741.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Kevin J. Caponecchi sold 49,238 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $97.67, for a total transaction of $4,809,075.46. Following the completion of the transaction, the chief executive officer now owns 79,096 shares in the company, valued at $7,725,306.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 306,574 shares of company stock worth $29,668,269. 7.70% of the stock is owned by insiders.

Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Wednesday, July 26th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.01. The company had revenue of $536.60 million for the quarter, compared to analyst estimates of $513.10 million. Euronet Worldwide had a net margin of 8.23% and a return on equity of 22.32%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS.

A number of brokerages have recently commented on EEFT. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a research report on Friday, October 6th. BidaskClub upgraded shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 6th. Zacks Investment Research cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. 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 report on Thursday, July 27th. Finally, DA Davidson started coverage on shares of Euronet Worldwide in a research report on Wednesday, July 19th. They set a “buy” rating and a $105.00 price objective for the company. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Euronet Worldwide has an average rating of “Buy” and an average target price of $105.40.

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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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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