Voss Capital LP Raises Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Voss Capital LP increased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 21.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 630,000 shares of the business services provider's stock after purchasing an additional 113,236 shares during the quarter. Euronet Worldwide accounts for 4.8% of Voss Capital LP's portfolio, making the stock its 10th largest position. Voss Capital LP owned 1.43% of Euronet Worldwide worth $64,789,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in EEFT. Proficio Capital Partners LLC purchased a new stake in shares of Euronet Worldwide during the fourth quarter worth about $28,000. R Squared Ltd acquired a new stake in Euronet Worldwide in the fourth quarter valued at $58,000. Covestor Ltd grew its holdings in Euronet Worldwide by 40.9% during the 4th quarter. Covestor Ltd now owns 713 shares of the business services provider's stock worth $73,000 after acquiring an additional 207 shares in the last quarter. Aster Capital Management DIFC Ltd increased its position in shares of Euronet Worldwide by 15,240.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider's stock worth $79,000 after purchasing an additional 762 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Euronet Worldwide by 485.6% in the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock valued at $88,000 after purchasing an additional 709 shares in the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Euronet Worldwide Trading Down 2.2 %

Shares of NASDAQ:EEFT traded down $2.15 during mid-day trading on Friday, hitting $96.79. The stock had a trading volume of 740,520 shares, compared to its average volume of 348,826. The company's 50 day moving average is $100.67 and its 200-day moving average is $101.00. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25. Euronet Worldwide, Inc. has a 12-month low of $85.24 and a 12-month high of $117.66. The company has a market cap of $4.18 billion, a PE ratio of 14.96, a P/E/G ratio of 0.78 and a beta of 1.18.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly 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 net margin of 7.69% and a return on equity of 27.74%. On average, sell-side analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Analyst Upgrades and Downgrades

EEFT has been the subject of a number of research analyst reports. StockNews.com downgraded Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. Keefe, Bruyette & Woods decreased their target price on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a research note on Friday. William Blair reiterated an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday. Needham & Company LLC lowered their price objective on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Friday. Finally, Stephens restated an "overweight" rating and issued a $130.00 target price 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 assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Euronet Worldwide presently has an average rating of "Moderate Buy" and an average price target of $125.57.

Insider Activity at Euronet Worldwide

In related news, CEO Michael J. Brown sold 95,000 shares of the firm's stock in a transaction that occurred 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 approximately $142,875,686.54. This trade represents a 6.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 11.20% of the stock is owned by company insiders.

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.