Loomis Sayles & Co. L P Cuts Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Loomis Sayles & Co. L P cut its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities & 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 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. CreativeOne Wealth LLC purchased a new position in Euronet Worldwide in the 1st quarter worth approximately $200,000. Janus Henderson Group PLC increased its holdings in 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 acquiring an additional 15,837 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Euronet Worldwide by 74.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 51,834 shares of the business services provider's stock valued at $5,698,000 after purchasing an additional 22,064 shares during the last quarter. Tidal Investments LLC grew its position in shares of Euronet Worldwide by 15.6% during the first quarter. Tidal Investments LLC now owns 9,018 shares of the business services provider's stock valued at $991,000 after purchasing an additional 1,217 shares in the last quarter. Finally, Comerica Bank lifted its position in shares of Euronet Worldwide by 22.1% in the first quarter. Comerica Bank now owns 23,657 shares of the business services provider's stock worth $2,601,000 after buying an additional 4,288 shares in the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EEFT has been the subject of a number of analyst reports. DA Davidson reaffirmed a "buy" rating and issued a $136.00 price target on shares of Euronet Worldwide in a report on Tuesday, October 8th. Monness Crespi & Hardt upgraded Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 24th. Citigroup lowered 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. Needham & Company LLC reduced their target price on shares of Euronet Worldwide from $125.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. Finally, Oppenheimer raised their target price on shares of Euronet Worldwide from $121.00 to $135.00 and gave the stock an "outperform" rating in a report on Monday. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $127.13.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the company's stock in a transaction on Thursday, September 5th. The shares were 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 approximately $1,276,095.20. This represents a 24.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.50% of the stock is owned by insiders.

Euronet Worldwide Stock Performance

EEFT stock traded down $1.18 during trading on Tuesday, reaching $105.43. The company had a trading volume of 212,683 shares, compared to its average volume of 302,282. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 15.41 and a beta of 1.46. Euronet Worldwide, Inc. has a twelve month low of $86.26 and a twelve month high of $117.66. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a 50-day simple moving average of $100.15 and a 200-day simple moving average of $103.64.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released 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 the consensus estimate of $1.04 billion. During the same period in the prior year, the firm earned $2.53 EPS. As a group, sell-side analysts expect that Euronet Worldwide, Inc. will post 7.87 earnings per share 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.