King Luther Capital Management Corp Boosts Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

King Luther Capital Management Corp raised its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,775 shares of the business services provider’s stock after purchasing an additional 615 shares during the quarter. King Luther Capital Management Corp’s holdings in Euronet Worldwide were worth $7,321,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of EEFT. Covestor Ltd raised its position in Euronet Worldwide by 174.9% in the first quarter. Covestor Ltd now owns 547 shares of the business services provider’s stock worth $60,000 after acquiring an additional 348 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Euronet Worldwide during the 2nd quarter valued at approximately $57,000. GAMMA Investing LLC increased its stake in Euronet Worldwide by 69.5% in the 2nd quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 241 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in Euronet Worldwide during the second quarter worth $80,000. Finally, Mendota Financial Group LLC purchased a new stake in Euronet Worldwide during the third quarter worth $100,000. 91.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EEFT has been the subject of several research reports. Oppenheimer initiated coverage on Euronet Worldwide in a research note on Tuesday, October 1st. They set an “outperform” rating and a $121.00 price target for the company. Citigroup cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Finally, DA Davidson restated a “buy” rating and issued a $136.00 target price on shares of Euronet Worldwide in a report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.38.

Euronet Worldwide Stock Up 1.5 %

EEFT opened at $104.96 on Friday. Euronet Worldwide, Inc. has a 12 month low of $86.26 and a 12 month high of $117.66. The business has a 50-day moving average of $99.70 and a two-hundred day moving average of $103.86. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 15.17 and a beta of 1.46.

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

Insider Transactions at Euronet Worldwide

In other news, CEO Juan Bianchi sold 4,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the completion of the sale, the chief executive officer now owns 12,440 shares in the company, valued at approximately $1,276,095.20. The trade was a 24.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.