WCM Investment Management LLC Has $14.64 Million Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

WCM Investment Management LLC boosted its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 146,347 shares of the business services provider’s stock after acquiring an additional 478 shares during the quarter. WCM Investment Management LLC’s holdings in Euronet Worldwide were worth $14,639,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EEFT. Headlands Technologies LLC acquired a new stake in shares of Euronet Worldwide in the 1st quarter worth about $50,000. Summit Securities Group LLC purchased a new stake in Euronet Worldwide in the 2nd quarter valued at $57,000. Covestor Ltd lifted its stake in Euronet Worldwide by 174.9% during the 1st quarter. Covestor Ltd now owns 547 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 348 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Euronet Worldwide by 69.5% in the 2nd quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock worth $61,000 after acquiring an additional 241 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Euronet Worldwide in the second quarter valued at about $80,000. Institutional investors own 91.60% of the company’s stock.

Insider Activity

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total transaction of $410,320.00. Following the completion of the transaction, the chief executive officer now owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Citigroup lowered Euronet Worldwide from a “buy” rating to a “neutral” rating and decreased their target price for the company from $118.00 to $110.00 in a research report on Friday, October 18th. Oppenheimer initiated coverage on shares of Euronet Worldwide in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $121.00 price objective for the company. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Needham & Company LLC dropped their price objective on shares of Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Euronet Worldwide has a consensus rating of “Moderate Buy” and an average target price of $125.38.

Euronet Worldwide Stock Performance

Euronet Worldwide stock opened at $104.61 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.19 and a debt-to-equity ratio of 0.88. The firm has a market cap of $4.60 billion, a P/E ratio of 15.12 and a beta of 1.46. Euronet Worldwide, Inc. has a 1-year low of $79.81 and a 1-year high of $117.66. The firm has a 50-day moving average of $99.43 and a 200-day moving average of $103.99.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results 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. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the firm earned $2.53 earnings per share. Sell-side analysts expect that Euronet Worldwide, Inc. will post 7.87 EPS for the current 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.