Oppenheimer Asset Management Inc. Sells 213 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Oppenheimer Asset Management Inc. lessened its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,308 shares of the business services provider’s stock after selling 213 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Euronet Worldwide were worth $626,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of EEFT. Summit Securities Group LLC acquired a new position in shares of Euronet Worldwide during the 2nd quarter worth approximately $57,000. Covestor Ltd grew 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 buying an additional 348 shares in the last quarter. GAMMA Investing LLC raised its holdings in Euronet Worldwide by 69.5% in the 2nd quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock valued at $61,000 after acquiring an additional 241 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of Euronet Worldwide during the 2nd quarter valued at $80,000. Finally, Mendota Financial Group LLC acquired a new stake in shares of Euronet Worldwide during the 3rd quarter worth $100,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Trading Down 0.6 %

Shares of EEFT stock opened at $100.98 on Wednesday. Euronet Worldwide, Inc. has a twelve month low of $84.40 and a twelve month high of $117.66. The stock’s fifty day simple moving average is $99.57 and its 200 day simple moving average is $103.86. 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 firm has a market capitalization of $4.44 billion, a P/E ratio of 14.59 and a beta of 1.46.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.11. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm posted $2.53 earnings per share. As a group, sell-side analysts predict that Euronet Worldwide, Inc. will post 7.87 EPS for the current fiscal year.

Insider Activity

In other news, CEO Juan Bianchi sold 4,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the completion of the transaction, the chief executive officer now directly owns 12,440 shares in the company, valued at $1,276,095.20. This trade represents a 24.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 10.50% of the company’s stock.

Analyst Ratings Changes

EEFT has been the subject of a number of analyst reports. Citigroup downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating and dropped their price target for the company from $118.00 to $110.00 in a research note on Friday, October 18th. Monness Crespi & Hardt raised shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Needham & Company LLC reduced their price target on shares of Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. DA Davidson restated a “buy” rating and set a $136.00 price objective on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Finally, StockNews.com upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Euronet Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $125.38.

Euronet Worldwide Profile

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.