Meeder Asset Management Inc. Takes Position in Euronet Worldwide, Inc. $EEFT

Meeder Asset Management Inc. bought a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,012 shares of the business services provider’s stock, valued at approximately $586,000.

Several other hedge funds also recently bought and sold shares of EEFT. BlackRock Inc. purchased a new stake in Euronet Worldwide in the 2nd quarter worth $244,726,000. Deutsche Bank AG purchased a new position in shares of Euronet Worldwide in the second quarter valued at about $323,000. Rice Hall James & Associates LLC purchased a new position in shares of Euronet Worldwide in the second quarter valued at about $18,128,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Euronet Worldwide in the second quarter worth about $294,000. Finally, OneDigital Investment Advisors LLC purchased a new stake in shares of Euronet Worldwide during the second quarter worth about $657,000. Institutional investors own 91.60% of the company’s stock.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, Director Thomas A. Mcdonnell purchased 3,000 shares of Euronet Worldwide stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average price of $66.87 per share, for a total transaction of $200,610.00. Following the completion of the transaction, the director owned 100,219 shares of the company’s stock, valued at approximately $6,701,644.53. This trade represents a 3.09% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 12.19% of the company’s stock.

Euronet Worldwide Price Performance

Shares of Euronet Worldwide stock opened at $69.21 on Wednesday. The firm has a market cap of $2.64 billion, a PE ratio of 10.87, a PEG ratio of 0.59 and a beta of 0.82. The stock has a 50 day moving average of $73.57 and a 200 day moving average of $71.45. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.47. Euronet Worldwide, Inc. has a 12 month low of $62.50 and a 12 month high of $98.52.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Thursday, July 30th. The business services provider reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.11). Euronet Worldwide had a return on equity of 28.60% and a net margin of 6.63%.The company’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.56 earnings per share. On average, research analysts expect that Euronet Worldwide, Inc. will post 9.55 EPS for the current fiscal year.

Analyst Ratings Changes

EEFT has been the subject of several recent analyst reports. Weiss Ratings downgraded Euronet Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Needham & Company LLC boosted their target price on shares of Euronet Worldwide from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, DA Davidson restated a “buy” rating and set a $102.00 target price on shares of Euronet Worldwide in a research report on Friday, July 10th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $96.00.

About Euronet Worldwide

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.