34,804 Shares in Euronet Worldwide, Inc. $EEFT Bought by Paralel Advisors LLC

Paralel Advisors LLC bought a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 34,804 shares of the business services provider’s stock, valued at approximately $2,547,000.

A number of other hedge funds have also made changes to their positions in the company. Allworth Financial LP purchased a new stake in shares of Euronet Worldwide in the 2nd quarter worth about $43,000. B. Metzler seel. Sohn & Co. AG purchased a new position in Euronet Worldwide during the 2nd quarter valued at about $766,000. Value Holdings Management CO. LLC purchased a new position in Euronet Worldwide during the 2nd quarter valued at about $17,596,000. Aurora Investment Counsel acquired a new position in Euronet Worldwide during the second quarter worth about $1,299,000. Finally, First National Bank of Omaha acquired a new position in Euronet Worldwide during the second quarter worth about $360,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Insider Activity

In other news, Director Thomas A. Mcdonnell purchased 3,000 shares of the stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average cost of $66.87 per share, for a total transaction of $200,610.00. Following the completion of the acquisition, the director directly owned 100,219 shares in the company, valued at $6,701,644.53. This represents a 3.09% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.19% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on EEFT. DA Davidson reiterated a “buy” rating and issued a $102.00 price target on shares of Euronet Worldwide in a research report on Friday, July 10th. Needham & Company LLC lifted their price objective on Euronet Worldwide from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings downgraded Euronet Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Euronet Worldwide presently has an average rating of “Hold” and a consensus price target of $96.00.

Euronet Worldwide Stock Up 1.1%

EEFT opened at $69.38 on Friday. The firm has a market cap of $2.64 billion, a P/E ratio of 10.89, a PEG ratio of 0.55 and a beta of 0.82. The business’s fifty day simple moving average is $73.73 and its 200 day simple moving average is $71.40. Euronet Worldwide, Inc. has a 52 week low of $62.50 and a 52 week high of $98.52. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.47.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Thursday, July 30th. The business services provider reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.11). Euronet Worldwide had a net margin of 6.63% and a return on equity of 28.60%. The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company posted $2.56 earnings per share. As a group, equities research analysts anticipate that Euronet Worldwide, Inc. will post 9.55 EPS for the current fiscal year.

About Euronet Worldwide

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.