Bank of New York Mellon Corp Sells 69,971 Shares of Euronet Worldwide, Inc. (EEFT)

Bank of New York Mellon Corp lowered its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 24.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 217,080 shares of the business services provider’s stock after selling 69,971 shares during the quarter. Bank of New York Mellon Corp owned about 0.43% of Euronet Worldwide worth $18,184,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of EEFT. Hartford Investment Management Co. bought a new stake in Euronet Worldwide during the 2nd quarter valued at approximately $213,000. TD Asset Management Inc. bought a new stake in Euronet Worldwide during the 2nd quarter valued at approximately $276,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in Euronet Worldwide by 80.6% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 32,315 shares of the business services provider’s stock valued at $2,707,000 after purchasing an additional 14,418 shares during the period. D.A. Davidson & CO. raised its stake in Euronet Worldwide by 25.2% during the 2nd quarter. D.A. Davidson & CO. now owns 4,726 shares of the business services provider’s stock valued at $396,000 after purchasing an additional 950 shares during the period. Finally, Mesirow Financial Investment Management Equity Management raised its stake in Euronet Worldwide by 12.7% during the 2nd quarter. Mesirow Financial Investment Management Equity Management now owns 176,905 shares of the business services provider’s stock valued at $14,820,000 after purchasing an additional 19,870 shares during the period.

EEFT has been the topic of several recent analyst reports. BidaskClub raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. SunTrust Banks lifted their target price on Euronet Worldwide to $130.00 and gave the company a “buy” rating in a research note on Wednesday, September 12th. William Blair raised Euronet Worldwide from a “market perform” rating to an “outperform” rating in a research note on Monday, October 1st. Piper Jaffray Companies lifted their target price on Euronet Worldwide from $111.00 to $141.00 and gave the company an “overweight” rating in a research note on Monday, October 1st. Finally, ValuEngine raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Euronet Worldwide has an average rating of “Buy” and an average target price of $128.88.

NASDAQ EEFT opened at $117.61 on Monday. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.68 and a beta of 1.09. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.46 and a quick ratio of 1.46. Euronet Worldwide, Inc. has a 1-year low of $70.67 and a 1-year high of $121.64.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Thursday, October 18th. The business services provider reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.05. The business had revenue of $714.50 million during the quarter, compared to analysts’ expectations of $709.33 million. Euronet Worldwide had a return on equity of 24.13% and a net margin of 6.02%. As a group, research analysts forecast that Euronet Worldwide, Inc. will post 5.25 EPS for the current fiscal year.

In other Euronet Worldwide news, CEO Michael J. Brown sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $101.05, for a total transaction of $5,052,500.00. Following the completion of the transaction, the chief executive officer now owns 1,511,118 shares in the company, valued at approximately $152,698,473.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael J. Brown sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 27th. The shares were sold at an average price of $113.18, for a total value of $3,395,400.00. Following the transaction, the chief executive officer now owns 1,482,207 shares of the company’s stock, valued at approximately $167,756,188.26. The disclosure for this sale can be found here. Insiders have sold a total of 272,690 shares of company stock valued at $29,546,219 in the last 90 days. 7.70% of the stock is currently owned by company insiders.

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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. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.

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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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