Euronet Worldwide, Inc. (EEFT) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp lessened its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 4.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,875 shares of the business services provider’s stock after selling 1,410 shares during the quarter. King Luther Capital Management Corp owned 0.07% of Euronet Worldwide worth $3,395,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. SRS Capital Advisors Inc. purchased a new position in Euronet Worldwide in the 3rd quarter worth approximately $133,000. Parametrica Management Ltd purchased a new position in Euronet Worldwide in the 3rd quarter worth approximately $211,000. Engineers Gate Manager LP purchased a new position in Euronet Worldwide in the 3rd quarter worth approximately $217,000. Keybank National Association OH purchased a new position in Euronet Worldwide in the 3rd quarter worth approximately $236,000. Finally, Financial Counselors Inc. purchased a new position in Euronet Worldwide in the 3rd quarter worth approximately $238,000.

In related news, CFO Rick Weller sold 40,000 shares of the firm’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $120.31, for a total transaction of $4,812,400.00. Following the transaction, the chief financial officer now directly owns 33,944 shares in the company, valued at $4,083,802.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael J. Brown sold 50,000 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $101.05, for a total value of $5,052,500.00. Following the transaction, the chief executive officer now owns 1,511,118 shares in the company, valued at $152,698,473.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 395,129 shares of company stock valued at $44,319,156. Company insiders own 7.70% of the company’s stock.

A number of research firms have weighed in on EEFT. Zacks Investment Research cut Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub upgraded Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 27th. ValuEngine upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. DA Davidson increased their target price on Euronet Worldwide from $114.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 4th. Finally, William Blair upgraded Euronet Worldwide from a “market perform” rating to an “outperform” rating in a research note on Monday, October 1st. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $128.88.

Euronet Worldwide stock opened at $111.34 on Friday. The company has a market cap of $5.82 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 1.61 and a beta of 1.06. 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 52 week low of $70.67 and a 52 week high of $121.93.

Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Thursday, October 18th. The business services provider reported $2.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.04 by $0.05. The company 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, analysts forecast that Euronet Worldwide, Inc. will post 5.25 earnings per share for the current year.

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Euronet Worldwide 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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