Janney Montgomery Scott LLC Has $931,000 Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Janney Montgomery Scott LLC lifted its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 15.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,382 shares of the business services provider’s stock after acquiring an additional 1,253 shares during the period. Janney Montgomery Scott LLC’s holdings in Euronet Worldwide were worth $931,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Clearbridge Investments LLC lifted its holdings in shares of Euronet Worldwide by 4.5% during the 1st quarter. Clearbridge Investments LLC now owns 567,058 shares of the business services provider’s stock worth $62,337,000 after acquiring an additional 24,566 shares during the period. Ellsworth Advisors LLC bought a new position in Euronet Worldwide during the second quarter worth about $514,000. SG Capital Management LLC boosted its holdings in Euronet Worldwide by 106.8% during the first quarter. SG Capital Management LLC now owns 41,934 shares of the business services provider’s stock valued at $4,610,000 after purchasing an additional 21,654 shares in the last quarter. Burgundy Asset Management Ltd. boosted its holdings in Euronet Worldwide by 1.4% during the second quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider’s stock valued at $79,415,000 after purchasing an additional 10,689 shares in the last quarter. Finally, Savant Capital LLC raised its position in Euronet Worldwide by 199.3% in the 2nd quarter. Savant Capital LLC now owns 8,928 shares of the business services provider’s stock valued at $924,000 after purchasing an additional 5,945 shares during the last quarter. Institutional investors own 91.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. StockNews.com upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. 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 report on Thursday, October 24th. 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. Finally, Oppenheimer started coverage on Euronet Worldwide in a report on Tuesday, October 1st. They set an “outperform” rating and a $121.00 price objective on the stock. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Euronet Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $125.38.

Insiders Place Their Bets

In other 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 value of $410,320.00. Following the completion of the transaction, the chief executive officer now owns 12,440 shares of the company’s stock, valued at $1,276,095.20. The trade was a 24.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 10.50% of the company’s stock.

Euronet Worldwide Price Performance

Shares of EEFT stock opened at $101.88 on Friday. The firm’s 50 day moving average price is $99.43 and its two-hundred day moving average price is $103.97. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. Euronet Worldwide, Inc. has a 52-week low of $81.99 and a 52-week high of $117.66. The stock has a market cap of $4.48 billion, a PE ratio of 14.72 and a beta of 1.46.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, beating 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 company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the business posted $2.53 EPS. As a group, analysts forecast that Euronet Worldwide, Inc. will post 7.87 EPS 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.