Charles Schwab Investment Management Inc. Has $55.37 Million Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Charles Schwab Investment Management Inc. raised its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 557,987 shares of the business services provider’s stock after buying an additional 401 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.27% of Euronet Worldwide worth $55,369,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Thompson Siegel & Walmsley LLC grew its holdings in Euronet Worldwide by 5.4% during the third 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 period. Aurora Investment Counsel acquired a new position in shares of Euronet Worldwide in the 3rd quarter valued at $1,307,000. King Luther Capital Management Corp increased its position in shares of Euronet Worldwide by 0.8% in the 3rd quarter. King Luther Capital Management Corp now owns 73,775 shares of the business services provider’s stock valued at $7,321,000 after buying an additional 615 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Euronet Worldwide during the 3rd quarter worth $4,085,000. Finally, Meeder Asset Management Inc. lifted its holdings in Euronet Worldwide by 940.1% during the third quarter. Meeder Asset Management Inc. now owns 43,152 shares of the business services provider’s stock worth $4,282,000 after acquiring an additional 39,003 shares in the last quarter. 91.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EEFT has been the topic of a number of research analyst reports. Oppenheimer raised their price target on Euronet Worldwide from $121.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Citigroup lowered shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and cut their price target for the company from $118.00 to $110.00 in a research note on Friday, October 18th. DA Davidson reissued a “buy” rating and set a $136.00 price objective on shares of Euronet Worldwide in a research report on Tuesday, October 8th. StockNews.com upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, Needham & Company LLC decreased their price objective on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.13.

Insider Buying and Selling at Euronet Worldwide

In related news, SVP Martin L. Bruckner sold 9,397 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the transaction, the senior vice president now directly owns 39,983 shares of the company’s stock, valued at approximately $4,290,575.73. The trade was a 19.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Juan Bianchi sold 4,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total value of $410,320.00. Following the sale, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at $1,276,095.20. This represents a 24.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 65,431 shares of company stock worth $6,966,057 over the last quarter. 10.50% of the stock is currently owned by insiders.

Euronet Worldwide Stock Performance

Shares of NASDAQ EEFT opened at $105.13 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a 50 day moving average price of $100.55 and a 200 day moving average price of $103.54. The stock has a market capitalization 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. Euronet Worldwide, Inc. has a 52 week low of $86.51 and a 52 week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, beating the consensus estimate of $2.92 by $0.11. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate 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 prior year, the firm posted $2.53 EPS. Analysts predict that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current fiscal year.

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. 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.