Abacus FCF Advisors LLC Buys 4,216 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Abacus FCF Advisors LLC raised its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 45.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,448 shares of the business services provider's stock after buying an additional 4,216 shares during the quarter. Abacus FCF Advisors LLC's holdings in Euronet Worldwide were worth $1,383,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Janney Montgomery Scott LLC grew its holdings in shares of Euronet Worldwide by 28.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider's stock worth $1,236,000 after buying an additional 2,632 shares in the last quarter. Reinhart Partners LLC. grew its stake in shares of Euronet Worldwide by 3.4% during the 4th quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider's stock worth $64,496,000 after acquiring an additional 20,824 shares in the last quarter. Value Holdings Management CO. LLC raised its holdings 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 last quarter. Stifel Financial Corp lifted 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 worth $1,164,000 after purchasing an additional 232 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in Euronet Worldwide by 0.6% during the third quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider's stock worth $2,540,000 after purchasing an additional 158 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.

Remove Ads

Insider Activity

In other Euronet Worldwide 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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 10.50% of the stock is owned by company insiders.

Euronet Worldwide Stock Performance

Euronet Worldwide stock traded up $0.85 during mid-day trading on Monday, hitting $95.30. 62,078 shares of the company's stock traded hands, compared to its average volume of 337,132. Euronet Worldwide, Inc. has a fifty-two week low of $85.24 and a fifty-two week high of $117.66. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 0.78 and a beta of 1.18. The firm has a 50 day simple moving average of $101.39 and a two-hundred day simple moving average of $101.21. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 and a quick ratio of 1.26.

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 the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. On average, research analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on EEFT shares. Oppenheimer lowered their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating on the stock in a research note on Thursday, December 19th. Keefe, Bruyette & Woods lifted their target price on Euronet Worldwide from $108.00 to $112.00 and gave the company a "market perform" rating in a research report on Friday, February 14th. StockNews.com cut Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Finally, Stephens reaffirmed an "overweight" rating and set a $130.00 price target on shares of Euronet Worldwide in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $125.86.

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.