Principal Financial Group Inc. lowered its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 32.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,911 shares of the business services provider's stock after selling 47,173 shares during the quarter. Principal Financial Group Inc. owned 0.22% of Euronet Worldwide worth $9,716,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Euronet Worldwide by 0.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,356,229 shares of the business services provider's stock valued at $333,039,000 after buying an additional 27,254 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Euronet Worldwide by 1.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,390,895 shares of the business services provider's stock valued at $152,900,000 after buying an additional 15,837 shares during the last quarter. Van Berkom & Associates Inc. boosted its holdings in shares of Euronet Worldwide by 1.4% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,022,153 shares of the business services provider's stock valued at $105,793,000 after buying an additional 14,090 shares during the last quarter. Burgundy Asset Management Ltd. boosted its holdings in shares of 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 valued at $79,415,000 after buying an additional 10,689 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Euronet Worldwide by 17.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider's stock valued at $78,172,000 after buying an additional 113,685 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on EEFT shares. DA Davidson reissued a "buy" rating and issued a $136.00 price objective on shares of Euronet Worldwide in a report on Tuesday, October 8th. Oppenheimer assumed coverage on Euronet Worldwide in a report on Tuesday, October 1st. They set an "outperform" rating and a $121.00 price target for the company. Needham & Company LLC cut their price target on Euronet Worldwide from $125.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, October 24th. Monness Crespi & Hardt raised Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 24th. Finally, StockNews.com raised Euronet Worldwide from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th. Three equities research 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 MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $125.38.
Get Our Latest Analysis on Euronet Worldwide
Euronet Worldwide Stock Performance
EEFT stock traded down $0.64 during trading hours on Tuesday, hitting $100.98. 244,815 shares of the stock were exchanged, compared to its average volume of 303,654. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $4.44 billion, a P/E ratio of 14.59 and a beta of 1.46. The company has a 50-day simple moving average of $99.57 and a two-hundred day simple moving average of $103.86. Euronet Worldwide, Inc. has a 12 month low of $84.40 and a 12 month high of $117.66.
Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.11. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations 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 last year, the business earned $2.53 EPS. On average, analysts forecast that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CEO Juan Bianchi sold 4,000 shares of the firm's stock in a transaction dated 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 directly owns 12,440 shares of the company's stock, valued at $1,276,095.20. This trade represents a 24.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 10.50% of the stock is owned by company insiders.
Euronet Worldwide Profile
(
Free Report)
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.
See Also
![Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NASDAQ&Symbol=EEFT)
Before you consider Euronet Worldwide, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Euronet Worldwide wasn't on the list.
While Euronet Worldwide currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.