Stifel Financial Corp raised its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 6.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 151,944 shares of the business services provider’s stock after acquiring an additional 8,631 shares during the period. Stifel Financial Corp owned approximately 0.29% of Euronet Worldwide worth $14,397,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Alps Advisors Inc. grew its position in Euronet Worldwide by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,753 shares of the business services provider’s stock valued at $503,000 after acquiring an additional 15 shares during the period. Renaissance Group LLC grew its position in Euronet Worldwide by 0.9% during the second quarter. Renaissance Group LLC now owns 3,864 shares of the business services provider’s stock valued at $338,000 after acquiring an additional 36 shares during the period. American Century Companies Inc. grew its position in Euronet Worldwide by 1.9% during the second quarter. American Century Companies Inc. now owns 4,972 shares of the business services provider’s stock valued at $434,000 after acquiring an additional 94 shares during the period. NGAM Advisors L.P. grew its position in Euronet Worldwide by 0.3% during 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 acquiring an additional 95 shares during the period. Finally, Utah Retirement Systems grew its position in Euronet Worldwide by 1.1% during the second quarter. Utah Retirement Systems now owns 9,200 shares of the business services provider’s stock valued at $804,000 after acquiring an additional 100 shares during the period. 95.39% of the stock is owned by hedge funds and other institutional investors.

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) opened at $93.54 on Friday. Euronet Worldwide, Inc. has a 1 year low of $70.51 and a 1 year high of $101.07. 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 firm has a market capitalization of $4,884.06, a PE ratio of 22.23, a PEG ratio of 1.43 and a beta of 1.36.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Thursday, October 19th. The business services provider reported $1.61 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.61. Euronet Worldwide had a return on equity of 22.46% and a net margin of 9.63%. The company had revenue of $637.90 million during the quarter, compared to the consensus estimate of $595.09 million. During the same quarter in the prior year, the business earned $1.35 earnings per share. The company’s revenue was up 21.7% compared to the same quarter last year. research analysts expect that Euronet Worldwide, Inc. will post 4.33 EPS for the current fiscal year.

In related news, CEO Kevin J. Caponecchi sold 49,238 shares of the business’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 transaction, the chief executive officer now owns 79,096 shares in the company, valued at $7,725,306.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael J. Brown sold 2,400 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $100.00, for a total value of $240,000.00. Following the completion of the transaction, the chief executive officer now owns 1,603,486 shares in the company, valued at approximately $160,348,600. The disclosure for this sale can be found here. Insiders sold 115,176 shares of company stock valued at $11,406,688 in the last ninety days. Company insiders own 7.70% of the company’s stock.

A number of equities research analysts have issued reports on EEFT shares. BidaskClub raised Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. Zacks Investment Research raised Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a research report on Tuesday, September 26th. SunTrust Banks reaffirmed a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a research report on Friday, October 6th. Northland Securities reaffirmed a “buy” rating and issued a $110.00 target price on shares of Euronet Worldwide in a research report on Thursday, October 19th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $112.00 target price on shares of Euronet Worldwide in a research report on Sunday, October 22nd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $108.67.

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

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