Central Valley Advisors LLC Invests $1.57 Million in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Central Valley Advisors LLC purchased a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 15,294 shares of the business services provider's stock, valued at approximately $1,573,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Euronet Worldwide by 121.3% in the 4th quarter. GAMMA Investing LLC now owns 954 shares of the business services provider's stock valued at $98,000 after purchasing an additional 523 shares during the period. Mendota Financial Group LLC acquired a new position in Euronet Worldwide in the third quarter valued at approximately $100,000. Quarry LP lifted its stake in Euronet Worldwide by 21.6% in the third quarter. Quarry LP now owns 1,087 shares of the business services provider's stock valued at $108,000 after buying an additional 193 shares during the period. Daiwa Securities Group Inc. bought a new position in shares of Euronet Worldwide during the 3rd quarter worth approximately $109,000. Finally, 1620 Investment Advisors Inc. grew its position in shares of Euronet Worldwide by 53.3% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 1,191 shares of the business services provider's stock worth $118,000 after buying an additional 414 shares during the period. Institutional investors and hedge funds own 91.60% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on EEFT. Citigroup downgraded shares of Euronet Worldwide from a "buy" rating to a "neutral" rating and dropped their target price for the company from $118.00 to $110.00 in a research report on Friday, October 18th. Oppenheimer cut their price objective on shares of Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating on the stock in a research report on Thursday, December 19th. StockNews.com downgraded Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Tuesday, December 24th. Monness Crespi & Hardt raised Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 24th. Finally, Needham & Company LLC restated a "buy" rating and set a $120.00 price objective on shares of Euronet Worldwide in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $126.25.

Euronet Worldwide Stock Down 0.3 %

Shares of NASDAQ EEFT traded down $0.30 during trading on Friday, hitting $99.52. The stock had a trading volume of 180,980 shares, compared to its average volume of 205,735. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a fifty day moving average of $103.07 and a two-hundred day moving average of $101.43. Euronet Worldwide, Inc. has a 12 month low of $91.07 and a 12 month high of $117.66. The company has a market capitalization of $4.37 billion, a PE ratio of 14.38, a PEG ratio of 0.77 and a beta of 1.44.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.92 by $0.11. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm posted $2.53 EPS. As a group, equities research analysts forecast that Euronet Worldwide, Inc. will post 7.85 EPS for the current fiscal year.

Insider Activity at Euronet Worldwide

In other news, CEO Nikos Fountas sold 21,479 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $103.56, for a total transaction 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 $5,423,437.20. This represents a 29.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin J. Caponecchi sold 52,034 shares of Euronet Worldwide stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the completion of the sale, the chief executive officer now directly owns 90,288 shares in the company, valued at $9,625,603.68. This trade represents a 36.56 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,910 shares of company stock valued at $8,780,102. 10.50% of the stock is owned by insiders.

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.