Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Bought by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. grew its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 18.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,129 shares of the business services provider's stock after buying an additional 23,395 shares during the quarter. Mawer Investment Management Ltd. owned about 0.34% of Euronet Worldwide worth $15,195,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of EEFT. Oppenheimer & Co. Inc. grew its holdings in shares of Euronet Worldwide by 0.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider's stock worth $1,793,000 after acquiring an additional 133 shares during the period. Arizona State Retirement System grew its holdings 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 during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Euronet Worldwide by 6.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider's stock valued at $243,000 after buying an additional 143 shares in 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 buying an additional 170 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Euronet Worldwide by 14.7% in the 2nd quarter. Fifth Third Bancorp now owns 1,588 shares of the business services provider's stock worth $164,000 after buying an additional 203 shares in the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EEFT shares. Citigroup cut shares of Euronet Worldwide from a "buy" rating to a "neutral" rating and cut their target price for the stock from $118.00 to $110.00 in a research report on Friday, October 18th. Needham & Company LLC reduced their price objective on Euronet Worldwide from $125.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Oppenheimer started coverage on Euronet Worldwide in a research report on Tuesday, October 1st. They set an "outperform" rating and a $121.00 price objective for the company. DA Davidson reaffirmed a "buy" rating and set a $136.00 price target on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Finally, 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. Three 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. Based on data from MarketBeat.com, Euronet Worldwide has an average rating of "Moderate Buy" and an average target price of $125.38.

Euronet Worldwide Trading Down 0.3 %

Shares of EEFT traded down $0.26 during trading hours on Monday, hitting $101.62. The stock had a trading volume of 253,372 shares, compared to its average volume of 303,918. Euronet Worldwide, Inc. has a 12-month low of $84.40 and a 12-month high of $117.66. The firm has a market cap of $4.46 billion, a P/E ratio of 14.72 and a beta of 1.46. 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 company's fifty day simple moving average is $99.43 and its 200 day simple moving average is $103.97.

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

Insider Activity

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the business's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the transaction, the chief executive officer now owns 12,440 shares in the company, valued at $1,276,095.20. The trade was a 24.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.