Invesco Ltd. Buys 24,829 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Invesco Ltd. boosted its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 25.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 123,386 shares of the business services provider's stock after buying an additional 24,829 shares during the quarter. Invesco Ltd. owned 0.28% of Euronet Worldwide worth $12,689,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of EEFT. Norges Bank acquired a new position in shares of Euronet Worldwide in the 4th quarter worth $53,072,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Euronet Worldwide by 57.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 175,027 shares of the business services provider's stock valued at $18,000,000 after purchasing an additional 63,785 shares during the period. Foundry Partners LLC purchased a new position in Euronet Worldwide in the 4th quarter worth about $5,369,000. National Bank of Canada FI lifted its position in shares of Euronet Worldwide by 45,059.8% in the 4th quarter. National Bank of Canada FI now owns 37,031 shares of the business services provider's stock valued at $3,808,000 after acquiring an additional 36,949 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Euronet Worldwide by 9.1% in the fourth quarter. Sei Investments Co. now owns 425,971 shares of the business services provider's stock valued at $43,807,000 after purchasing an additional 35,391 shares in the last quarter. Institutional investors own 91.60% of the company's stock.

Wall Street Analysts Forecast Growth

EEFT has been the subject of a number of research reports. Stephens restated an "overweight" rating and set a $130.00 price objective on shares of Euronet Worldwide in a research report on Friday, February 14th. Needham & Company LLC dropped their price objective on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday. William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday. StockNews.com downgraded Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating on the stock in a research report on Friday. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Euronet Worldwide has an average rating of "Moderate Buy" and an average target price of $125.57.

Insider Transactions at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief executive officer now 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 document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 11.20% of the company's stock.

Euronet Worldwide Stock Performance

Euronet Worldwide stock traded down $1.67 during mid-day trading on Friday, hitting $97.27. 418,107 shares of the company's stock traded hands, compared to its average volume of 347,747. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 15.03, a P/E/G ratio of 0.78 and a beta of 1.18. The firm has a 50 day simple moving average of $100.67 and a two-hundred day simple moving average of $101.00. Euronet Worldwide, Inc. has a fifty-two week low of $85.24 and a fifty-two week high of $117.66. 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 quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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.

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.