Northern Trust Corp Has $35.78 Million Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Northern Trust Corp boosted its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 18.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 347,951 shares of the business services provider's stock after buying an additional 54,839 shares during the period. Northern Trust Corp owned approximately 0.79% of Euronet Worldwide worth $35,783,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. R Squared Ltd bought a new stake in Euronet Worldwide in the 4th quarter valued at $58,000. Covestor Ltd boosted its position in shares of Euronet Worldwide by 40.9% during the fourth quarter. Covestor Ltd now owns 713 shares of the business services provider's stock worth $73,000 after buying an additional 207 shares during the period. Aster Capital Management DIFC Ltd grew its holdings in shares of Euronet Worldwide by 15,240.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider's stock worth $79,000 after buying an additional 762 shares in the last quarter. Jones Financial Companies Lllp raised its position in Euronet Worldwide by 485.6% in the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock valued at $88,000 after buying an additional 709 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Euronet Worldwide by 121.3% in the 4th quarter. GAMMA Investing LLC now owns 954 shares of the business services provider's stock valued at $98,000 after acquiring an additional 523 shares in the last quarter. Institutional investors own 91.60% of the company's stock.

Insider Transactions at Euronet Worldwide

In related news, CEO Michael J. Brown sold 95,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the transaction, the chief executive officer now directly owns 1,418,966 shares of the company's stock, valued at approximately $142,875,686.54. This trade represents a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.20% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on EEFT. William Blair reiterated an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Needham & Company LLC reduced their price objective on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Keefe, Bruyette & Woods lowered their target price on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. StockNews.com cut Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Finally, Stephens reaffirmed an "overweight" rating and set a $130.00 price target on shares of Euronet Worldwide in a research report on Friday, February 14th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $125.57.

Euronet Worldwide Stock Up 0.9 %

Shares of EEFT opened at $108.30 on Friday. The firm's 50-day simple moving average is $100.62 and its 200 day simple moving average is $101.34. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25. The firm has a market cap of $4.68 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 0.78 and a beta of 1.25. Euronet Worldwide, Inc. has a 52 week low of $85.24 and a 52 week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, hitting analysts' consensus estimates of $1.13. The company had revenue of $915.50 million for the quarter, compared to analyst estimates of $908.93 million. Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. The firm's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.28 earnings per share. On average, analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current 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.

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