Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Bought by Sei Investments Co.

Sei Investments Co. increased its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 425,971 shares of the business services provider's stock after acquiring an additional 35,391 shares during the period. Sei Investments Co. owned approximately 0.97% of Euronet Worldwide worth $43,807,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EEFT. HighTower Advisors LLC raised its position in Euronet Worldwide by 0.6% in the 3rd quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider's stock valued at $2,540,000 after purchasing an additional 158 shares in the last quarter. Xponance Inc. increased its stake in shares of Euronet Worldwide by 3.6% during the fourth quarter. Xponance Inc. now owns 4,790 shares of the business services provider's stock worth $493,000 after buying an additional 166 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised 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 valued at $768,000 after acquiring an additional 169 shares in the last quarter. 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 worth $108,000 after acquiring an additional 193 shares during the last quarter. Finally, New York State Teachers Retirement System grew its holdings in Euronet Worldwide by 0.8% during the 4th quarter. New York State Teachers Retirement System now owns 23,277 shares of the business services provider's stock worth $2,394,000 after acquiring 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 Ratings Changes

EEFT has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Euronet Worldwide from $108.00 to $112.00 and gave the stock a "market perform" rating in a research report on Friday, February 14th. Needham & Company LLC restated a "buy" rating and issued a $120.00 target price on shares of Euronet Worldwide in a report on Thursday, December 12th. Stephens reiterated an "overweight" rating and set a $130.00 price target on shares of Euronet Worldwide in a research note on Friday, February 14th. StockNews.com downgraded shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Finally, Oppenheimer cut their target price on Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating on the stock in a research report on Thursday, December 19th. Four research 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 company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.86.

Insider Activity

In related news, CEO Michael J. Brown sold 95,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $100.69, for a total value of $9,565,550.00. Following the completion of the sale, the chief executive officer now owns 1,418,966 shares in the company, valued at $142,875,686.54. This trade represents a 6.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 10.50% of the company's stock.

Euronet Worldwide Stock Performance

EEFT stock traded down $2.93 during trading on Friday, hitting $107.13. The company had a trading volume of 308,540 shares, compared to its average volume of 325,519. Euronet Worldwide, Inc. has a 1-year low of $91.07 and a 1-year high of $117.66. The firm has a 50-day moving average price of $101.70 and a 200-day moving average price of $101.35. 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 firm has a market cap of $4.69 billion, a PE ratio of 16.56, a price-to-earnings-growth 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 (EPS) for the quarter, missing analysts' consensus estimates 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, analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

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.