Stephens Investment Management Group Llc increased its stake in Euronet Worldwide Inc (EEFT) by 23.16% based on its latest 2016Q3 regulatory filing with the SEC. Stephens Investment Management Group Llc bought 127,132 shares as the company’s stock rose 16.42% with the market. The institutional investor held 676,075 shares of the finance company at the end of 2016Q3, valued at $55.32 million, up from 548,943 at the end of the previous reported quarter. Stephens Investment Management Group Llc who had been investing in Euronet Worldwide Inc for a number of months, seems to be bullish on the $3.75B market cap company. The stock is down 0.47% or $0.34 hitting $72.69, despite the positive news. About 63,955 shares traded hands. Euronet Worldwide, Inc. (NASDAQ:EEFT) has declined 9.98% since June 7, 2016 and is downtrending. It has underperformed by 17.41% the S&P500.
Stephens Investment Management Group Llc, which manages about $3.08 billion and $3.30 billion US Long portfolio, decreased its stake in Buffalo Wild Wings Inc (NASDAQ:BWLD) by 74,080 shares to 190,712 shares, valued at $26.84M in 2016Q3, according to the filing. It also reduced its holding in Dexcom Inc (NASDAQ:DXCM) by 66,704 shares in the quarter, leaving it with 18,117 shares, and cut its stake in Taser Intl Inc (NASDAQ:TASR).
Stephens Investment Management Group Llc is a Texas-based institutional investor with more than $3.08 billion AUM in October, 2014. Taken from Stephens Investment Management Group latest Adv, the fund reported to have 15 full and part-time employees. Among which 5 performing investment advisory and research functions. The institutional investor had between 26-100 clients.
Insitutional Activity: The institutional sentiment decreased to 0.89 in 2016 Q3. Its down 0.28, from 1.17 in 2016Q2. The ratio is negative, as 35 funds sold all EEFT shares owned while 96 reduced positions. 36 funds bought stakes while 81 increased positions. They now own 46.17 million shares or 1.22% more from 45.61 million shares in 2016Q2. Moreover, Renaissance Technologies Lc has 0.11% invested in Euronet Worldwide, Inc. (NASDAQ:EEFT) for 761,045 shares. Teacher Retirement Systems Of Texas holds 0% of its portfolio in Euronet Worldwide, Inc. (NASDAQ:EEFT) for 5,305 shares. Raymond James Financial Svcs Advsrs holds 3,052 shares or 0% of its portfolio. Jupiter Asset Limited has 150,450 shares for 0.46% of their US portfolio. Moreover, Nicholas Investment Ptnrs LP has 0.32% invested in Euronet Worldwide, Inc. (NASDAQ:EEFT) for 58,445 shares. Eaton Vance last reported 0.04% of its portfolio in the stock. Vanguard Group has 0.02% invested in the company for 3.59 million shares. Ameriprise Inc has 0.02% invested in the company for 462,865 shares. First Republic Investment Mgmt last reported 0% of its portfolio in the stock. Panagora Asset Management last reported 0% of its portfolio in the stock. Ny State Common Retirement Fund has 0.02% invested in the company for 189,747 shares. Portolan Capital Mngmt Lc holds 2.74% of its portfolio in Euronet Worldwide, Inc. (NASDAQ:EEFT) for 244,271 shares. The North Carolina-based Bb&T Corp has invested 0.02% in Euronet Worldwide, Inc. (NASDAQ:EEFT). Crow Point Prtn Lc has 886 shares for 0.01% of their US portfolio. Paradigm Asset Mngmt Llc owns 1,400 shares or 0% of their US portfolio.
Insider Transactions: Since August 3, 2016, the stock had 0 buys, and 5 sales for $5.69 million net activity. On Tuesday, August 16 the insider NEWMAN JEFFREY B sold $449,062. Another trade for 58,573 shares valued at $4.42M was sold by Caponecchi Kevin J. Fountas Nikos sold $21,747 worth of stock or 296 shares.
More notable recent Euronet Worldwide, Inc. (NASDAQ:EEFT) news were published by: Fool.com which released: “Why Euronet Worldwide, Inc. Plunged Today” on February 10, 2016, also Fool.com with their article: “Higher Operating Margin Boosts Euronet Worldwide’s Earnings” published on October 25, 2016, Fool.com published: “Euronet Worldwide Inc.: Money Transfer Business Charges Ahead” on October 26, 2015. More interesting news about Euronet Worldwide, Inc. (NASDAQ:EEFT) were released by: Fool.com and their article: “Euronet Worldwide Capitalizes on Transaction Demand” published on July 26, 2016 as well as Fool.com‘s news article titled: “Investing in Socially Responsible Companies: Euronet Worldwide, Inc.” with publication date: November 08, 2014.
According to Zacks Investment Research, “Euronet Services Inc. is an industry leader in providing secure electronic financial transaction solutions. The company offers financial payment middleware, financial network gateways, outsourcing and consulting services to financial institutions and mobile operators. (Press Release)”
Euronet Worldwide, Inc. (NASDAQ:EEFT) Ratings Coverage
Out of 7 analysts covering Euronet Worldwide (NASDAQ:EEFT), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. Euronet Worldwide has been the topic of 11 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Market Perform” rating given by Avondale on Thursday, February 11. The company was upgraded on Wednesday, December 23 by Monness Crespi & Hardt. The firm earned “Buy” rating on Tuesday, July 21 by Evercore. Monness Crespi downgraded the stock to “Neutral” rating in Friday, June 10 report. The stock has “Overweight” rating given by Piper Jaffray on Wednesday, November 25. SunTrust initiated the shares of EEFT in a report on Wednesday, October 12 with “Buy” rating. As per Friday, July 31, the company rating was downgraded by Monness Crespi & Hardt. As per Wednesday, September 2, the company rating was maintained by Piper Jaffray. On Wednesday, January 20 the stock rating was initiated by Northland Capital with “Outperform”. The firm earned “Market Outperform” rating on Wednesday, April 27 by Avondale.
EEFT Company Profile
Euronet Worldwide, Inc. (Euronet), incorporated on December 13, 1996, is an electronic payments provider. The Firm offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. The Company’s product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services; software solutions; electronic distribution of prepaid mobile airtime and other electronic payment products, and global money transfer services. The Firm operates in three divisions: EFT Processing Segment, which provides electronic payment solutions consisting of ATM cash withdrawal and deposit services, ATM network participation, outsourced ATM and POS management solutions, credit and debit card outsourcing, and card issuing and merchant acquiring services; epay Segment, which provides electronic distribution and processing of prepaid mobile airtime and other electronic payment products and collection services for various payment products, cards and services, and Money Transfer Segment, which provides global consumer-to-consumer money transfer services under the brand names Ria and AFEX Money Express and global account-to-account money transfer services under the brand name HiFX.
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