Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 15.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,521 shares of the business services provider’s stock after buying an additional 862 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Euronet Worldwide were worth $675,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Federated Hermes Inc. lifted its position in Euronet Worldwide by 21.5% in the 2nd quarter. Federated Hermes Inc. now owns 9,241 shares of the business services provider’s stock worth $956,000 after buying an additional 1,635 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in Euronet Worldwide by 20.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,921 shares of the business services provider’s stock worth $205,000 after buying an additional 325 shares during the period. Meeder Asset Management Inc. raised its stake in Euronet Worldwide by 2,095.2% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,149 shares of the business services provider’s stock valued at $429,000 after purchasing an additional 3,960 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of Euronet Worldwide by 1.3% in the second quarter. Oppenheimer & Co. Inc. now owns 17,941 shares of the business services provider’s stock valued at $1,857,000 after buying an additional 238 shares during the period. Finally, Ground Swell Capital LLC bought a new stake in shares of Euronet Worldwide in the 2nd quarter worth approximately $260,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Trading Up 0.2 %

NASDAQ EEFT opened at $100.66 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.19 and a quick ratio of 1.19. Euronet Worldwide, Inc. has a one year low of $73.84 and a one year high of $117.66. The stock’s 50-day moving average is $101.30 and its 200-day moving average is $106.08. The firm has a market cap of $4.62 billion, a P/E ratio of 17.72 and a beta of 1.46.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Thursday, July 18th. The business services provider reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.21. The company had revenue of $986.20 million during the quarter, compared to analysts’ expectations of $1.09 billion. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. Euronet Worldwide’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.84 earnings per share. Sell-side analysts anticipate that Euronet Worldwide, Inc. will post 7.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on EEFT shares. Citigroup lifted their target price on shares of Euronet Worldwide from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Monness Crespi & Hardt raised their target price on Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Euronet Worldwide in a research note on Wednesday, September 4th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $124.11.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the transaction, the chief executive officer now owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Thomas A. Mcdonnell bought 3,206 shares of Euronet Worldwide stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average price of $93.86 per share, with a total value of $300,915.16. Following the acquisition, the director now owns 90,000 shares of the company’s stock, valued at approximately $8,447,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Juan Bianchi sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $102.58, for a total value of $410,320.00. Following the sale, the chief executive officer now owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. The disclosure for this sale can be found here. Company insiders own 10.50% of the company’s stock.

About Euronet Worldwide

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.