Mutual of America Capital Management LLC Cuts Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Mutual of America Capital Management LLC lessened its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 41.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,818 shares of the business services provider's stock after selling 16,070 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of Euronet Worldwide worth $2,264,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in EEFT. Oppenheimer & Co. Inc. grew its position 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 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 period. 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 period. Finally, Fifth Third Bancorp raised its stake 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 worth $164,000 after buying an additional 203 shares during the period. Institutional investors and hedge funds own 91.60% of the company's stock.

Insider Transactions at Euronet Worldwide

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 transaction of $410,320.00. Following the completion of 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 trade represents a 24.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 10.50% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. StockNews.com raised shares of Euronet Worldwide from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th. Needham & Company LLC lowered their price objective on Euronet Worldwide from $125.00 to $120.00 and set a "buy" rating on the stock 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. DA Davidson reaffirmed a "buy" rating and issued a $136.00 price target on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Finally, Oppenheimer increased their price objective on Euronet Worldwide from $121.00 to $135.00 and gave the company an "outperform" rating in a research note on Monday. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $127.13.

Euronet Worldwide Trading Up 1.0 %

NASDAQ:EEFT traded up $1.10 during trading hours on Monday, hitting $106.61. The company had a trading volume of 350,730 shares, compared to its average volume of 302,675. Euronet Worldwide, Inc. has a 1 year low of $86.26 and a 1 year high of $117.66. 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 company has a 50-day moving average of $99.99 and a 200 day moving average of $103.70. The company has a market cap of $4.68 billion, a P/E ratio of 15.41 and a beta of 1.46.

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

Euronet Worldwide 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.