Edgestream Partners L.P. Invests $1.69 Million in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Edgestream Partners L.P. purchased a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 17,052 shares of the business services provider's stock, valued at approximately $1,692,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in shares of 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 valued at $333,039,000 after purchasing an additional 27,254 shares in the last quarter. Van Berkom & Associates Inc. increased its stake in shares of Euronet Worldwide by 1.4% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,022,153 shares of the business services provider's stock valued at $105,793,000 after purchasing an additional 14,090 shares in the last quarter. Burgundy Asset Management Ltd. boosted its holdings in Euronet Worldwide by 1.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider's stock worth $79,415,000 after buying an additional 10,689 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Euronet Worldwide by 17.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider's stock worth $78,172,000 after buying an additional 113,685 shares during the last quarter. Finally, New South Capital Management Inc. boosted its holdings in Euronet Worldwide by 16.2% in the 2nd quarter. New South Capital Management Inc. now owns 625,677 shares of the business services provider's stock worth $64,758,000 after buying an additional 87,258 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. DA Davidson reiterated a "buy" rating and issued a $136.00 price objective on shares of Euronet Worldwide in a report on Tuesday, October 8th. Citigroup cut Euronet Worldwide from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $118.00 to $110.00 in a report on Friday, October 18th. Monness Crespi & Hardt upgraded Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 24th. Oppenheimer boosted their target price on Euronet Worldwide from $121.00 to $135.00 and gave the stock an "outperform" rating in a report on Monday, November 25th. Finally, StockNews.com upgraded Euronet Worldwide from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $127.13.

Insider Transactions at Euronet Worldwide

In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 52,034 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $106.61, for a total value of $5,547,344.74. Following the completion of the transaction, the chief executive officer now owns 90,288 shares in the company, valued at $9,625,603.68. This represents a 36.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Martin L. Bruckner sold 9,397 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the completion of the transaction, the senior vice president now owns 39,983 shares of the company's stock, valued at $4,290,575.73. This represents a 19.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,431 shares of company stock valued at $6,966,057. 10.50% of the stock is currently owned by company insiders.

Euronet Worldwide Trading Down 1.1 %

NASDAQ EEFT traded down $1.11 on Wednesday, reaching $104.36. The stock had a trading volume of 165,172 shares, compared to its average volume of 299,841. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 15.24, a P/E/G ratio of 0.96 and a beta of 1.44. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. Euronet Worldwide, Inc. has a 12-month low of $87.85 and a 12-month high of $117.66. The stock has a fifty day moving average price of $100.71 and a two-hundred day moving average price of $103.24.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, topping analysts' consensus estimates of $2.92 by $0.11. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the company earned $2.53 earnings per share. As a group, sell-side analysts forecast that Euronet Worldwide, Inc. will post 7.87 EPS for the current fiscal year.

Euronet Worldwide Company 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.