Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Purchased by LPL Financial LLC

LPL Financial LLC raised its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,862 shares of the business services provider’s stock after acquiring an additional 968 shares during the period. LPL Financial LLC’s holdings in Euronet Worldwide were worth $1,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Belpointe Asset Management LLC boosted its stake in Euronet Worldwide by 236.9% in the first quarter. Belpointe Asset Management LLC now owns 219 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 154 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Euronet Worldwide in the first quarter valued at $28,000. Harvest Fund Management Co. Ltd acquired a new position in Euronet Worldwide in the first quarter valued at $91,000. Counterpoint Mutual Funds LLC acquired a new position in Euronet Worldwide in the second quarter valued at $96,000. Finally, Covestor Ltd raised its holdings in shares of Euronet Worldwide by 634.1% in the first quarter. Covestor Ltd now owns 903 shares of the business services provider’s stock valued at $118,000 after buying an additional 780 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Euronet Worldwide Trading Down 2.0 %

Shares of EEFT opened at $79.83 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.11. The firm’s 50-day moving average is $79.70 and its two-hundred day moving average is $96.28. Euronet Worldwide, Inc. has a twelve month low of $73.84 and a twelve month high of $121.55. The firm has a market capitalization of $3.68 billion, a P/E ratio of 14.78 and a beta of 1.38.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Thursday, October 19th. The business services provider reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.20. Euronet Worldwide had a net margin of 7.79% and a return on equity of 24.01%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $943.59 million. During the same period in the prior year, the business posted $2.51 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, research analysts predict that Euronet Worldwide, Inc. will post 6.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EEFT has been the subject of a number of research reports. TheStreet cut shares of Euronet Worldwide from a “b-” rating to a “c+” rating in a report on Thursday, August 10th. Citigroup reduced their target price on shares of Euronet Worldwide from $119.00 to $93.00 and set a “neutral” rating for the company in a report on Tuesday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $115.00 target price on shares of Euronet Worldwide in a report on Monday, October 23rd. Northland Securities reduced their target price on shares of Euronet Worldwide from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, September 29th. Finally, StockNews.com started coverage on shares of Euronet Worldwide in a report on Thursday, October 5th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $108.00.

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 card outsourcing, card issuing, and merchant acquiring services.