Mawer Investment Management Ltd. Has $18.14 Million Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Mawer Investment Management Ltd. lifted its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 15.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 176,384 shares of the business services provider's stock after acquiring an additional 23,255 shares during the quarter. Mawer Investment Management Ltd. owned approximately 0.40% of Euronet Worldwide worth $18,139,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. HighTower Advisors LLC lifted its stake in Euronet Worldwide by 0.6% in the third quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider's stock valued at $2,540,000 after acquiring an additional 158 shares during the last quarter. Xponance Inc. lifted its stake in shares of Euronet Worldwide by 3.6% in the 4th quarter. Xponance Inc. now owns 4,790 shares of the business services provider's stock valued at $493,000 after purchasing an additional 166 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Euronet Worldwide by 2.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,469 shares of the business services provider's stock worth $768,000 after purchasing an additional 169 shares in the last quarter. Quarry LP increased its position in Euronet Worldwide by 21.6% during the third quarter. Quarry LP now owns 1,087 shares of the business services provider's stock worth $108,000 after buying an additional 193 shares during the last quarter. Finally, New York State Teachers Retirement System raised its holdings in Euronet Worldwide by 0.8% during the fourth quarter. New York State Teachers Retirement System now owns 23,277 shares of the business services provider's stock valued at $2,394,000 after buying an additional 196 shares in the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

EEFT has been the topic of a number of analyst reports. Stephens reissued an "overweight" rating and set a $130.00 price objective on shares of Euronet Worldwide in a report on Friday, February 14th. Keefe, Bruyette & Woods increased their price target on Euronet Worldwide from $108.00 to $112.00 and gave the company a "market perform" rating in a report on Friday, February 14th. Needham & Company LLC restated a "buy" rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research note on Thursday, December 12th. Oppenheimer decreased their price objective on shares of Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating for the company in a report on Thursday, December 19th. Finally, StockNews.com downgraded shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $125.86.

Insider Activity

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the sale, the chief executive officer now owns 1,418,966 shares in the company, valued at $142,875,686.54. The trade was a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 10.50% of the stock is currently owned by company insiders.

Euronet Worldwide Stock Performance

NASDAQ EEFT traded down $5.18 during midday trading on Thursday, hitting $102.97. The company had a trading volume of 261,228 shares, compared to its average volume of 326,555. The firm has a fifty day simple moving average of $102.24 and a two-hundred day simple moving average of $101.60. Euronet Worldwide, Inc. has a fifty-two week low of $91.07 and a fifty-two week high of $117.66. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 0.78 and a beta of 1.37.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share 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%. Equities analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share 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.