Pembroke Management LTD Sells 55,100 Shares of Euronet Worldwide, Inc. (EEFT)
Pembroke Management LTD cut its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 22.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 193,700 shares of the business services provider’s stock after selling 55,100 shares during the quarter. Euronet Worldwide comprises approximately 1.8% of Pembroke Management LTD’s investment portfolio, making the stock its 23rd biggest position. Pembroke Management LTD owned about 0.37% of Euronet Worldwide worth $18,361,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of EEFT. Bristlecone Advisors LLC acquired a new stake in shares of Euronet Worldwide during the 3rd quarter worth about $113,000. Fiduciary Trust Co. acquired a new stake in shares of Euronet Worldwide during the 2nd quarter worth about $122,000. The Manufacturers Life Insurance Company increased its position in shares of Euronet Worldwide by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock worth $149,000 after purchasing an additional 116 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Euronet Worldwide by 10.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock worth $157,000 after purchasing an additional 167 shares during the last quarter. Finally, Turner Investments LLC acquired a new stake in shares of Euronet Worldwide during the 3rd quarter worth about $174,000. 93.86% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently issued reports on EEFT shares. Piper Jaffray Companies reissued a “buy” rating and set a $112.00 price objective on shares of Euronet Worldwide in a research report on Sunday, October 22nd. Northland Securities restated a “buy” rating and set a $110.00 target price on shares of Euronet Worldwide in a report on Thursday, October 19th. SunTrust Banks, Inc. restated a “buy” rating and set a $120.00 target price on shares of Euronet Worldwide in a report on Friday, October 6th. Zacks Investment Research upgraded Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a report on Tuesday, September 26th. Finally, BidaskClub upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Monday, July 31st. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Euronet Worldwide has an average rating of “Buy” and a consensus target price of $108.67.
Shares of Euronet Worldwide, Inc. (NASDAQ EEFT) traded up $0.95 on Wednesday, hitting $89.93. The stock had a trading volume of 427,700 shares, compared to its average volume of 306,456. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50. The stock has a market cap of $4,687.56, a PE ratio of 21.34, a PEG ratio of 1.37 and a beta of 1.39. Euronet Worldwide, Inc. has a fifty-two week low of $70.51 and a fifty-two week high of $101.07.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Thursday, October 19th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.61. The business had revenue of $637.90 million during the quarter, compared to analysts’ expectations of $595.09 million. Euronet Worldwide had a return on equity of 22.46% and a net margin of 9.63%. The business’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.35 EPS. research analysts forecast that Euronet Worldwide, Inc. will post 4.33 EPS for the current fiscal year.
In other news, Director Andrej Olechowski sold 10,276 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $97.30, for a total transaction of $999,854.80. Following the sale, the director now owns 14,355 shares of the company’s stock, valued at approximately $1,396,741.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kevin J. Caponecchi sold 49,238 shares of the firm’s 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 in the company, valued at approximately $7,725,306.32. The disclosure for this sale can be found here. Insiders sold a total of 263,755 shares of company stock valued at $25,892,468 in the last quarter. Company 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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