Huntington National Bank Sells 358 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Huntington National Bank lessened its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 34.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 688 shares of the business services provider’s stock after selling 358 shares during the period. Huntington National Bank’s holdings in Euronet Worldwide were worth $68,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its stake in Euronet Worldwide by 62.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,294 shares of the business services provider’s stock valued at $362,000 after purchasing an additional 1,265 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Euronet Worldwide in the first quarter valued at about $230,000. State Board of Administration of Florida Retirement System grew its stake in shares of Euronet Worldwide by 0.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 54,289 shares of the business services provider’s stock valued at $6,075,000 after acquiring an additional 215 shares in the last quarter. Covestor Ltd increased its position in Euronet Worldwide by 174.9% during the first quarter. Covestor Ltd now owns 547 shares of the business services provider’s stock worth $60,000 after acquiring an additional 348 shares during the period. Finally, Clearbridge Investments LLC raised its stake in Euronet Worldwide by 4.5% in the 1st quarter. Clearbridge Investments LLC now owns 567,058 shares of the business services provider’s stock worth $62,337,000 after purchasing an additional 24,566 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Insider Transactions at Euronet Worldwide

In related news, CEO Juan Bianchi sold 4,000 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the sale, the chief executive officer now owns 12,440 shares in the company, valued at $1,276,095.20. The trade was a 24.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 10.50% of the company’s stock.

Wall Street Analyst Weigh In

EEFT has been the topic of a number of analyst reports. StockNews.com upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Needham & Company LLC dropped their price objective on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Citigroup lowered Euronet Worldwide from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $118.00 to $110.00 in a report on Friday, October 18th. Finally, Oppenheimer began coverage on Euronet Worldwide in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $121.00 price target for the company. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.38.

Euronet Worldwide Stock Performance

NASDAQ:EEFT opened at $101.62 on Tuesday. Euronet Worldwide, Inc. has a twelve month low of $84.40 and a twelve month high of $117.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The stock’s 50-day simple moving average is $99.49 and its 200 day simple moving average is $103.93. The firm has a market capitalization of $4.46 billion, a PE ratio of 14.68 and a beta of 1.46.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.04 billion. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. During the same period last year, the company posted $2.53 EPS. On average, analysts anticipate that Euronet Worldwide, Inc. will post 7.87 EPS for the current fiscal 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.