Fmr LLC Purchases 13,093 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

FMR LLC grew its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 21.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,216 shares of the business services provider's stock after purchasing an additional 13,093 shares during the period. FMR LLC owned about 0.17% of Euronet Worldwide worth $7,464,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Oppenheimer & Co. Inc. boosted its stake in shares of Euronet Worldwide by 0.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider's stock valued at $1,793,000 after buying an additional 133 shares during the period. Arizona State Retirement System grew its stake in Euronet Worldwide by 1.1% in the second quarter. Arizona State Retirement System now owns 12,176 shares of the business services provider's stock valued at $1,260,000 after purchasing an additional 135 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Euronet Worldwide by 6.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider's stock worth $243,000 after purchasing an additional 143 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Euronet Worldwide by 3.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 4,903 shares of the business services provider's stock worth $486,000 after purchasing an additional 170 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Euronet Worldwide by 14.7% during the 2nd quarter. Fifth Third Bancorp now owns 1,588 shares of the business services provider's stock valued at $164,000 after buying an additional 203 shares during the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. DA Davidson restated a "buy" rating and issued a $136.00 price objective on shares of Euronet Worldwide in a report on Tuesday, October 8th. StockNews.com upgraded shares of Euronet Worldwide from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th. Monness Crespi & Hardt raised shares of Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 24th. Citigroup downgraded shares of Euronet Worldwide from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $118.00 to $110.00 in a research report on Friday, October 18th. Finally, Oppenheimer boosted 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. 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 company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $127.13.

Euronet Worldwide Stock Performance

Shares of NASDAQ EEFT traded up $0.06 during trading hours on Friday, hitting $103.46. 243,973 shares of the company's stock were exchanged, compared to its average volume of 297,454. The company's 50-day moving average price is $101.51 and its 200-day moving average price is $102.88. Euronet Worldwide, Inc. has a 1-year low of $91.07 and a 1-year high of $117.66. The stock has a market capitalization of $4.54 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 0.95 and a beta of 1.44. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, topping analysts' consensus estimates of $2.92 by $0.11. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.04 billion. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. During the same period in the previous year, the company earned $2.53 earnings per share. On average, sell-side analysts expect that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Euronet Worldwide

In other news, SVP Martin L. Bruckner sold 9,397 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $107.31, for a total value of $1,008,392.07. Following the completion of the transaction, the senior vice president now owns 39,983 shares in the company, valued at approximately $4,290,575.73. This represents a 19.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Kevin J. Caponecchi sold 52,034 shares of Euronet Worldwide stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the sale, the chief executive officer now owns 90,288 shares in the company, valued at approximately $9,625,603.68. This trade represents a 36.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,910 shares of company stock valued at $8,780,102 in the last ninety days. Company insiders own 10.50% of the company's stock.

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.