PEAK6 Investments LLC Takes Position in Euronet Worldwide, Inc. (EEFT)

PEAK6 Investments LLC purchased a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 30,325 shares of the business services provider’s stock, valued at approximately $3,039,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Euronet Worldwide by 13.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,102 shares of the business services provider’s stock valued at $411,000 after purchasing an additional 500 shares during the period. Stone Ridge Asset Management LLC raised its position in shares of Euronet Worldwide by 6.1% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 10,509 shares of the business services provider’s stock valued at $1,053,000 after purchasing an additional 600 shares during the period. D.A. Davidson & CO. raised its position in shares of Euronet Worldwide by 13.5% during the 3rd quarter. D.A. Davidson & CO. now owns 5,366 shares of the business services provider’s stock valued at $538,000 after purchasing an additional 640 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Euronet Worldwide by 6.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 15,653 shares of the business services provider’s stock valued at $1,568,000 after purchasing an additional 900 shares during the period. Finally, State of Alaska Department of Revenue raised its position in shares of Euronet Worldwide by 19.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,530 shares of the business services provider’s stock valued at $463,000 after purchasing an additional 910 shares during the period.

Several analysts have recently commented on EEFT shares. BidaskClub upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. SunTrust Banks raised their price objective on shares of Euronet Worldwide to $130.00 and gave the company a “buy” rating in a research report on Wednesday, September 12th. William Blair upgraded shares of Euronet Worldwide from a “market perform” rating to an “outperform” rating in a research report on Monday, October 1st. Piper Jaffray Companies raised their price objective on shares of Euronet Worldwide from $111.00 to $141.00 and gave the company an “overweight” rating in a research report on Monday, October 1st. Finally, ValuEngine upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $128.88.

In related news, CEO Michael J. Brown sold 50,000 shares of the firm’s stock in a transaction on Wednesday, September 12th. The shares were 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 directly owns 1,511,118 shares of the company’s stock, valued at $152,698,473.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael J. Brown sold 25,000 shares of the firm’s stock in a transaction on Tuesday, October 23rd. The shares were sold at an average price of $112.24, for a total transaction of $2,806,000.00. Following the transaction, the chief executive officer now directly owns 1,477,207 shares of the company’s stock, valued at $165,801,713.68. The disclosure for this sale can be found here. Insiders have sold 336,094 shares of company stock valued at $35,144,207 over the last ninety days. 7.40% of the stock is currently owned by corporate insiders.

EEFT opened at $111.32 on Monday. The firm has a market cap of $5.74 billion, a P/E ratio of 25.71, a P/E/G ratio of 1.59 and a beta of 1.09. Euronet Worldwide, Inc. has a fifty-two week low of $70.67 and a fifty-two week high of $120.12. 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 (NASDAQ:EEFT) last posted its earnings results on Thursday, October 18th. The business services provider reported $2.09 earnings per share 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 net margin of 6.02% and a return on equity of 24.13%. As a group, research analysts predict that Euronet Worldwide, Inc. will post 5.25 EPS for the current year.

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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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