Daiwa Securities Group Inc. Invests $109,000 in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Daiwa Securities Group Inc. bought a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,100 shares of the business services provider’s stock, valued at approximately $109,000.

Other large investors have also added to or reduced their stakes in the company. Ellsworth Advisors LLC purchased a new position in shares of Euronet Worldwide in the 2nd quarter worth approximately $514,000. Burgundy Asset Management Ltd. grew its holdings in Euronet Worldwide by 1.4% in the second quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider’s stock worth $79,415,000 after purchasing an additional 10,689 shares during the last quarter. Savant Capital LLC increased its position in shares of Euronet Worldwide by 199.3% during the second quarter. Savant Capital LLC now owns 8,928 shares of the business services provider’s stock worth $924,000 after purchasing an additional 5,945 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Euronet Worldwide by 5.4% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 161,283 shares of the business services provider’s stock valued at $16,004,000 after purchasing an additional 8,230 shares during the last quarter. Finally, Maverick Capital Ltd. boosted its position in shares of Euronet Worldwide by 507.8% in the 2nd quarter. Maverick Capital Ltd. now owns 14,916 shares of the business services provider’s stock worth $1,544,000 after purchasing an additional 12,462 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Needham & Company LLC decreased their price target on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. DA Davidson reaffirmed a “buy” rating and issued a $136.00 price objective on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Oppenheimer lifted their target price on shares of Euronet Worldwide from $121.00 to $135.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. Finally, StockNews.com upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Euronet Worldwide has an average rating of “Moderate Buy” and an average target price of $127.13.

Insider Buying and Selling at Euronet Worldwide

In other news, CEO Kevin J. Caponecchi sold 52,034 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the sale, the chief executive officer now directly owns 90,288 shares in the company, valued at $9,625,603.68. This trade represents a 36.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Juan Bianchi sold 4,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $102.58, for a total value of $410,320.00. Following the completion of the transaction, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at $1,276,095.20. The trade was a 24.33 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,431 shares of company stock valued at $6,966,057. 10.50% of the stock is owned by company insiders.

Euronet Worldwide Trading Down 0.0 %

Shares of Euronet Worldwide stock opened at $105.13 on Monday. The stock has a market cap of $4.62 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 0.95 and a beta of 1.46. The firm has a fifty day moving average price of $100.55 and a 200 day moving average price of $103.46. Euronet Worldwide, Inc. has a 1 year low of $86.51 and a 1 year high of $117.66. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.11. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. During the same quarter in the previous year, the firm posted $2.53 EPS. Equities research analysts predict that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current year.

Euronet Worldwide Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit and prepaid card outsourcing, card issuing, and merchant acquiring services.