Bronfman E.L. Rothschild L.P. lowered its position in shares of Euronet Worldwide Inc. (NASDAQ:EEFT) by 0.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,138 shares of the company’s stock after selling 24 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Euronet Worldwide were worth $339,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of EEFT. BNP Paribas Arbitrage SA increased its stake in Euronet Worldwide by 53.7% in the second quarter. BNP Paribas Arbitrage SA now owns 12,922 shares of the company’s stock worth $894,000 after buying an additional 4,516 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Euronet Worldwide during the second quarter worth $559,000. Fox Run Management L.L.C. purchased a new stake in Euronet Worldwide during the second quarter worth $214,000. Eagle Boston Investment Management Inc. increased its stake in Euronet Worldwide by 2.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 197,326 shares of the company’s stock worth $13,652,000 after buying an additional 5,204 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in Euronet Worldwide by 211.3% in the second quarter. Nordea Investment Management AB now owns 7,263 shares of the company’s stock worth $503,000 after buying an additional 4,930 shares during the last quarter. Hedge funds and other institutional investors own 94.26% of the company’s stock.
Shares of Euronet Worldwide Inc. (NASDAQ:EEFT) traded down 0.98% during trading on Monday, reaching $76.54. The company’s stock had a trading volume of 88,085 shares. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 23.34 and a beta of 1.40. Euronet Worldwide Inc. has a 12-month low of $52.00 and a 12-month high of $84.81. The company has a 50 day moving average of $79.49 and a 200-day moving average of $77.59.
A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Euronet Worldwide from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research report on Wednesday, October 12th. SunTrust Banks Inc. assumed coverage on Euronet Worldwide in a research report on Wednesday, October 12th. They issued a “buy” rating and a $98.00 target price for the company. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $88.14.
In related news, VP Jeffrey B. Newman sold 10,000 shares of the stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $78.13, for a total transaction of $781,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.30% of the company’s stock.
About Euronet Worldwide
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.