Wasatch Advisors Inc. lifted its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 6.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,015,804 shares of the business services provider’s stock after purchasing an additional 180,654 shares during the quarter. Euronet Worldwide accounts for 3.5% of Wasatch Advisors Inc.’s holdings, making the stock its biggest holding. Wasatch Advisors Inc. owned approximately 5.85% of Euronet Worldwide worth $302,244,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its stake in Euronet Worldwide by 7.5% in the second quarter. Janus Henderson Group PLC now owns 3,777,040 shares of the business services provider’s stock valued at $316,403,000 after buying an additional 264,170 shares in the last quarter. Van Berkom & Associates Inc. boosted its stake in Euronet Worldwide by 4.7% in the second quarter. Van Berkom & Associates Inc. now owns 928,179 shares of the business services provider’s stock valued at $77,754,000 after buying an additional 42,053 shares in the last quarter. Baird Financial Group Inc. boosted its stake in Euronet Worldwide by 14.1% in the second quarter. Baird Financial Group Inc. now owns 576,577 shares of the business services provider’s stock valued at $48,300,000 after buying an additional 71,205 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Euronet Worldwide by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 513,862 shares of the business services provider’s stock valued at $43,046,000 after buying an additional 41,558 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in Euronet Worldwide by 67.4% in the second quarter. Point72 Asset Management L.P. now owns 438,900 shares of the business services provider’s stock valued at $36,767,000 after buying an additional 176,700 shares in the last quarter. 98.83% of the stock is currently owned by institutional investors.

In other news, CFO Rick Weller sold 57,458 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $96.62, for a total transaction of $5,551,591.96. Following the completion of the transaction, the chief financial officer now directly owns 92,951 shares in the company, valued at $8,980,925.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael J. Brown sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, October 23rd. The stock was sold at an average price of $112.24, for a total value of $2,806,000.00. Following the transaction, the chief executive officer now owns 1,477,207 shares of the company’s stock, valued at $165,801,713.68. The disclosure for this sale can be found here. Insiders sold 360,826 shares of company stock valued at $37,003,204 over the last quarter. Corporate insiders own 7.40% of the company’s stock.

Euronet Worldwide stock traded up $0.81 during trading hours on Tuesday, hitting $109.58. The stock had a trading volume of 19,799 shares, compared to its average volume of 555,058. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $5.72 billion, a PE ratio of 25.31, a P/E/G ratio of 1.58 and a beta of 1.09. Euronet Worldwide, Inc. has a one year low of $70.67 and a one year high of $120.12.

Several analysts recently weighed in on the company. MED assumed coverage on Euronet Worldwide in a research note on Thursday, July 26th. They issued an “outperform” rating on the stock. ValuEngine raised Euronet Worldwide from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. BidaskClub raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, October 4th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $111.00 price objective on shares of Euronet Worldwide in a research note on Thursday, July 26th. Finally, DA Davidson raised their price objective on Euronet Worldwide from $114.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $128.88.

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Euronet Worldwide Company 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.

Further Reading: Reverse Stock Split

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

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