Natixis Advisors LLC Decreases Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Natixis Advisors LLC reduced its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 8.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 104,006 shares of the business services provider's stock after selling 10,187 shares during the period. Natixis Advisors LLC owned 0.23% of Euronet Worldwide worth $10,321,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. increased its position in shares of Euronet Worldwide by 0.7% during the third 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 in the last quarter. Arizona State Retirement System lifted its stake in shares of Euronet Worldwide by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 12,176 shares of the business services provider's stock valued at $1,260,000 after buying an additional 135 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Euronet Worldwide by 6.5% during the 2nd 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 increased its holdings in shares of Euronet Worldwide by 3.6% in 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 increased its holdings 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 during the last quarter. 91.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EEFT has been the topic of a number of research analyst reports. DA Davidson reissued a "buy" rating and issued a $136.00 price target on shares of Euronet Worldwide in a report on Tuesday, October 8th. Needham & Company LLC dropped their price target on shares of Euronet Worldwide from $125.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Oppenheimer started coverage on shares of Euronet Worldwide in a research report on Tuesday, October 1st. They set an "outperform" rating and a $121.00 price target for the company. Citigroup cut shares of Euronet Worldwide from a "buy" rating to a "neutral" rating and dropped their price target for the company from $118.00 to $110.00 in a research report on Friday, October 18th. 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 equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $125.38.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the business's stock in a transaction on Thursday, September 5th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 10.50% of the company's stock.

Euronet Worldwide Price Performance

NASDAQ:EEFT traded up $0.29 during trading hours on Friday, hitting $105.21. 81,797 shares of the stock traded hands, compared to its average volume of 301,838. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. Euronet Worldwide, Inc. has a 1 year low of $86.26 and a 1 year high of $117.66. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 15.17 and a beta of 1.46. The stock has a 50 day moving average price of $99.70 and a 200 day moving average price of $103.86.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the firm earned $2.53 earnings per share. Sell-side analysts forecast that Euronet Worldwide, Inc. will post 7.87 EPS for the current fiscal year.

About Euronet Worldwide

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.