FDx Advisors Inc. reduced its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 61.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,132 shares of the business services provider’s stock after selling 8,341 shares during the period. FDx Advisors Inc.’s holdings in Euronet Worldwide were worth $430,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EEFT. Hennessy Advisors Inc. purchased a new position in shares of Euronet Worldwide during the 1st quarter valued at $761,000. Wells Fargo & Company MN grew its holdings in shares of Euronet Worldwide by 20.3% during the 1st quarter. Wells Fargo & Company MN now owns 2,699,640 shares of the business services provider’s stock valued at $213,057,000 after acquiring an additional 456,305 shares in the last quarter. D.B. Root & Company LLC purchased a new position in shares of Euronet Worldwide during the 1st quarter valued at $387,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Euronet Worldwide by 1,015.1% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 17,897 shares of the business services provider’s stock valued at $1,412,000 after acquiring an additional 16,292 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its holdings in shares of Euronet Worldwide by 11.6% during the 1st quarter. Wedge Capital Management L L P NC now owns 6,739 shares of the business services provider’s stock valued at $532,000 after acquiring an additional 701 shares in the last quarter. Institutional investors and hedge funds own 99.33% of the company’s stock.

EEFT has been the subject of a number of recent research reports. Needham & Company LLC initiated coverage on shares of Euronet Worldwide in a report on Thursday, May 10th. They issued a “buy” rating and a $100.00 price objective for the company. BidaskClub upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. Piper Jaffray Companies reiterated a “buy” rating and issued a $111.00 price objective on shares of Euronet Worldwide in a report on Thursday, July 26th. ValuEngine upgraded shares of Euronet Worldwide from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th. Finally, Goldman Sachs Group cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $101.00 to $94.00 in a report on Monday, June 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $109.44.

Shares of NASDAQ:EEFT opened at $96.89 on Friday. The firm has a market capitalization of $4.93 billion, a P/E ratio of 21.22, a price-to-earnings-growth ratio of 1.41 and a beta of 1.49. Euronet Worldwide, Inc. has a 1 year low of $70.67 and a 1 year high of $101.07. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.18 and a quick ratio of 1.18.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Tuesday, July 24th. The business services provider reported $1.32 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.32. The firm had revenue of $622.20 million during the quarter, compared to analysts’ expectations of $618.93 million. Euronet Worldwide had a net margin of 6.11% and a return on equity of 21.71%. Euronet Worldwide’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 earnings per share. equities analysts anticipate that Euronet Worldwide, Inc. will post 5.15 EPS for the current year.

In other Euronet Worldwide news, CEO Michael J. Brown sold 25,000 shares of the business’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $94.21, for a total transaction of $2,355,250.00. Following the completion of the transaction, the chief executive officer now owns 1,486,118 shares of the company’s stock, valued at approximately $140,007,176.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Rick Weller sold 26,278 shares of the business’s stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $97.00, for a total transaction of $2,548,966.00. Following the transaction, the chief financial officer now directly owns 77,763 shares of the company’s stock, valued at approximately $7,543,011. The disclosure for this sale can be found here. In the last three months, insiders have sold 161,287 shares of company stock valued at $15,449,270. Company insiders own 7.70% of the company’s stock.

Euronet Worldwide Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.

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

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