Foundry Partners LLC Acquires New Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Foundry Partners LLC bought a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 52,203 shares of the business services provider's stock, valued at approximately $5,369,000. Foundry Partners LLC owned about 0.12% of Euronet Worldwide as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC boosted its stake in shares of Euronet Worldwide by 28.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider's stock worth $1,236,000 after acquiring an additional 2,632 shares during the period. Holocene Advisors LP bought a new position in Euronet Worldwide during the third quarter worth $666,000. Reinhart Partners LLC. increased its holdings in shares of Euronet Worldwide by 3.4% in the fourth quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider's stock valued at $64,496,000 after purchasing an additional 20,824 shares during the last quarter. Value Holdings Management CO. LLC raised its position in shares of Euronet Worldwide by 119.8% in the fourth quarter. Value Holdings Management CO. LLC now owns 57,823 shares of the business services provider's stock valued at $5,947,000 after purchasing an additional 31,518 shares during the period. Finally, Stifel Financial Corp raised its position in shares of Euronet Worldwide by 2.0% in the third quarter. Stifel Financial Corp now owns 11,729 shares of the business services provider's stock valued at $1,164,000 after purchasing an additional 232 shares during the period. Institutional investors own 91.60% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms have weighed in on EEFT. Keefe, Bruyette & Woods increased their price target on shares of Euronet Worldwide from $108.00 to $112.00 and gave the company a "market perform" rating in a report on Friday, February 14th. Stephens reiterated an "overweight" rating and set a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, February 14th. Oppenheimer reduced their price target on Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating for the company in a research note on Thursday, December 19th. StockNews.com downgraded Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. Finally, Needham & Company LLC restated a "buy" rating and issued a $120.00 price target on shares of Euronet Worldwide in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $125.86.

Euronet Worldwide Trading Down 6.0 %

Shares of Euronet Worldwide stock traded down $5.83 during trading on Thursday, reaching $91.79. 125,261 shares of the stock were exchanged, compared to its average volume of 336,866. Euronet Worldwide, Inc. has a 1 year low of $85.24 and a 1 year high of $117.66. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. The stock's fifty day moving average is $101.58 and its 200 day moving average is $101.26.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its earnings results on Wednesday, February 12th. The business services provider reported $1.82 EPS for the quarter, missing analysts' consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. As a group, equities research analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Michael J. Brown sold 95,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total value of $9,565,550.00. Following the sale, the chief executive officer now directly owns 1,418,966 shares of the company's stock, valued at $142,875,686.54. This represents a 6.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 10.50% of the company's stock.

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.