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

Mawer Investment Management Ltd. boosted its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 40.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 129,734 shares of the business services provider’s stock after buying an additional 37,440 shares during the quarter. Mawer Investment Management Ltd. owned 0.28% of Euronet Worldwide worth $13,427,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in EEFT. Teacher Retirement System of Texas lifted its holdings in Euronet Worldwide by 9.2% during the 4th quarter. Teacher Retirement System of Texas now owns 11,030 shares of the business services provider’s stock worth $1,119,000 after buying an additional 925 shares in the last quarter. NBC Securities Inc. lifted its holdings in Euronet Worldwide by 13.0% during the 4th quarter. NBC Securities Inc. now owns 7,426 shares of the business services provider’s stock worth $753,000 after buying an additional 855 shares in the last quarter. Vise Technologies Inc. acquired a new stake in Euronet Worldwide during the 4th quarter worth approximately $270,000. Inceptionr LLC acquired a new stake in Euronet Worldwide during the 4th quarter worth approximately $358,000. Finally, Quadrant Capital Group LLC lifted its holdings in Euronet Worldwide by 242.7% during the 4th quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock worth $36,000 after buying an additional 250 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Stock Down 1.1 %

Shares of NASDAQ EEFT opened at $98.65 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.85. Euronet Worldwide, Inc. has a 52 week low of $73.84 and a 52 week high of $117.66. The firm has a 50-day moving average price of $101.93 and a 200 day moving average price of $106.68. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 17.37 and a beta of 1.46.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Thursday, July 18th. The business services provider reported $2.25 EPS for the quarter, beating the consensus estimate of $2.04 by $0.21. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. The firm had revenue of $986.20 million during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the business earned $1.84 earnings per share. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts anticipate that Euronet Worldwide, Inc. will post 7.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on EEFT shares. Wolfe Research upgraded shares of Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a report on Friday, May 17th. StockNews.com lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Monness Crespi & Hardt raised their price objective on shares of Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Needham & Company LLC restated a “buy” rating and issued a $125.00 price objective on shares of Euronet Worldwide in a report on Wednesday, September 4th. Finally, Citigroup raised their price objective on shares of Euronet Worldwide from $120.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Euronet Worldwide currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.11.

Insiders Place Their Bets

In other Euronet Worldwide news, Director Thomas A. Mcdonnell bought 3,206 shares of the business’s stock in a transaction on Monday, August 5th. The stock was bought at an average price of $93.86 per share, for a total transaction of $300,915.16. Following the completion of the transaction, the director now owns 90,000 shares in the company, valued at approximately $8,447,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Euronet Worldwide news, Director Thomas A. Mcdonnell bought 3,206 shares of the business’s stock in a transaction on Monday, August 5th. The stock was bought at an average price of $93.86 per share, for a total transaction of $300,915.16. Following the completion of the transaction, the director now owns 90,000 shares in the company, valued at approximately $8,447,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Juan Bianchi sold 4,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. The disclosure for this sale can be found here. 10.50% of the stock is currently owned by company insiders.

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.