Cambiar Investors LLC Lowers Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Cambiar Investors LLC lessened its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 106,437 shares of the business services provider's stock after selling 11,794 shares during the quarter. Cambiar Investors LLC owned about 0.24% of Euronet Worldwide worth $10,946,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its stake in Euronet Worldwide by 0.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,356,229 shares of the business services provider's stock worth $333,039,000 after acquiring an additional 27,254 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Euronet Worldwide by 13.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider's stock worth $105,604,000 after acquiring an additional 127,240 shares during the last quarter. Wasatch Advisors LP increased its stake in Euronet Worldwide by 45.8% in the 3rd quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider's stock worth $71,102,000 after acquiring an additional 224,982 shares during the last quarter. Reinhart Partners LLC. increased its stake in Euronet Worldwide by 3.4% in 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 during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its stake in Euronet Worldwide by 5.4% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 161,283 shares of the business services provider's stock worth $16,004,000 after acquiring an additional 8,230 shares during the last quarter. Institutional investors own 91.60% of the company's stock.

Insiders Place Their Bets

In other news, CEO Nikos Fountas sold 21,479 shares of the business's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $103.56, for a total value of $2,224,365.24. Following the completion of the transaction, the chief executive officer now directly owns 52,370 shares of the company's stock, valued at approximately $5,423,437.20. The trade was a 29.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Martin L. Bruckner sold 9,397 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $107.31, for a total value of $1,008,392.07. Following the completion of the transaction, the senior vice president now directly owns 39,983 shares of the company's stock, valued at approximately $4,290,575.73. The trade was a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,910 shares of company stock worth $8,780,102. 10.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Monness Crespi & Hardt raised Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 24th. Citigroup cut Euronet Worldwide from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $118.00 to $110.00 in a report on Friday, October 18th. StockNews.com cut Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Thursday. Keefe, Bruyette & Woods lifted their target price on Euronet Worldwide from $108.00 to $112.00 and gave the stock a "market perform" rating in a report on Friday. Finally, Stephens reiterated an "overweight" rating and issued a $130.00 target price on shares of Euronet Worldwide in a report on Friday. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.00.

Euronet Worldwide Trading Up 0.7 %

EEFT traded up $0.73 during trading hours on Friday, reaching $104.64. 587,341 shares of the company's stock traded hands, compared to its average volume of 305,658. The firm has a 50-day moving average price of $100.82 and a 200 day moving average price of $100.88. Euronet Worldwide, Inc. has a 52-week low of $91.07 and a 52-week high of $117.66. 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 $4.60 billion, a PE ratio of 15.12, a PEG ratio of 0.77 and a beta of 1.43.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. As a group, sell-side analysts predict that Euronet Worldwide, Inc. will post 7.85 EPS for the current fiscal year.

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.