Value Holdings Management CO. LLC Purchases 31,518 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Value Holdings Management CO. LLC grew its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 119.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,823 shares of the business services provider's stock after purchasing an additional 31,518 shares during the period. Euronet Worldwide comprises about 1.0% of Value Holdings Management CO. LLC's holdings, making the stock its 23rd largest position. Value Holdings Management CO. LLC owned approximately 0.13% of Euronet Worldwide worth $5,947,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EEFT. Thompson Siegel & Walmsley LLC lifted its holdings in Euronet Worldwide by 5.4% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 161,283 shares of the business services provider's stock worth $16,004,000 after purchasing an additional 8,230 shares during the last quarter. Maverick Capital Ltd. raised its holdings in Euronet Worldwide by 507.8% in the 2nd quarter. Maverick Capital Ltd. now owns 14,916 shares of the business services provider's stock worth $1,544,000 after acquiring an additional 12,462 shares during the period. Los Angeles Capital Management LLC bought a new stake in Euronet Worldwide during the third quarter valued at about $15,258,000. Holocene Advisors LP acquired a new stake in shares of Euronet Worldwide in the third quarter valued at about $666,000. Finally, Hsbc Holdings PLC increased its stake in shares of Euronet Worldwide by 117.1% in the second quarter. Hsbc Holdings PLC now owns 51,292 shares of the business services provider's stock worth $5,402,000 after purchasing an additional 27,664 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Price Performance

NASDAQ:EEFT traded down $0.30 on Friday, reaching $99.52. The stock had a trading volume of 180,980 shares, compared to its average volume of 234,857. The company has a market capitalization of $4.37 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. Euronet Worldwide, Inc. has a 1-year low of $91.07 and a 1-year high of $117.66. The stock has a fifty day moving average price of $103.07 and a 200-day moving average price of $101.42. 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 (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 EPS 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 company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the firm earned $2.53 earnings per share. Research analysts forecast that Euronet Worldwide, Inc. will post 7.85 EPS for the current year.

Insider Buying and Selling at Euronet Worldwide

In other news, CEO Kevin J. Caponecchi sold 52,034 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 90,288 shares of the company's stock, valued at approximately $9,625,603.68. This trade represents a 36.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Nikos Fountas sold 21,479 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the sale, the chief executive officer now directly owns 52,370 shares of the company's stock, valued at approximately $5,423,437.20. This trade represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,910 shares of company stock worth $8,780,102. 10.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Monness Crespi & Hardt upgraded Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 24th. DA Davidson reaffirmed a "buy" rating and set a $136.00 target price on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Oppenheimer decreased their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating on the stock in a research report on Thursday, December 19th. Citigroup lowered Euronet Worldwide from a "buy" rating to a "neutral" rating and lowered their price target for the company from $118.00 to $110.00 in a research note on Friday, October 18th. Finally, StockNews.com lowered Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Tuesday, December 24th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $126.25.

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.