Loomis Sayles & Co. L P Decreases Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Loomis Sayles & Co. L P decreased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 387,620 shares of the business services provider’s stock after selling 7,566 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.88% of Euronet Worldwide worth $38,464,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EEFT. Ellsworth Advisors LLC bought a new position in shares of Euronet Worldwide during the second quarter valued at approximately $514,000. SG Capital Management LLC raised its holdings in Euronet Worldwide by 106.8% in the 1st quarter. SG Capital Management LLC now owns 41,934 shares of the business services provider’s stock worth $4,610,000 after purchasing an additional 21,654 shares in the last quarter. Burgundy Asset Management Ltd. raised its holdings in Euronet Worldwide by 1.4% in the 2nd 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 in the last quarter. Savant Capital LLC lifted its position in shares of Euronet Worldwide by 199.3% in the 2nd 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 during the period. Finally, Maverick Capital Ltd. boosted its stake in shares of Euronet Worldwide by 507.8% during the 2nd quarter. Maverick Capital Ltd. now owns 14,916 shares of the business services provider’s stock valued at $1,544,000 after purchasing an additional 12,462 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Insider Activity at Euronet Worldwide

In related news, CEO Juan Bianchi sold 4,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 12,440 shares in the company, valued at approximately $1,276,095.20. This represents a 24.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

EEFT has been the subject of several research analyst reports. StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Citigroup cut Euronet Worldwide from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Monness Crespi & Hardt raised shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. DA Davidson reissued a “buy” rating and set a $136.00 price objective on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Finally, Oppenheimer lifted their target price on shares of Euronet Worldwide from $121.00 to $135.00 and gave the company an “outperform” rating in a report on Monday. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Euronet Worldwide has an average rating of “Moderate Buy” and an average price target of $127.13.

Euronet Worldwide Stock Performance

EEFT stock opened at $106.61 on Tuesday. The stock has a market capitalization of $4.68 billion, a PE ratio of 15.41 and a beta of 1.46. The stock’s 50 day simple moving average is $99.99 and its 200 day simple moving average is $103.70. Euronet Worldwide, Inc. has a 12-month low of $86.26 and a 12-month high of $117.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88.

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. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm posted $2.53 earnings per share. As a group, research analysts forecast 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.