Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lessened its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 49.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,581 shares of the business services provider's stock after selling 5,461 shares during the quarter. Cornercap Investment Counsel Inc.'s holdings in Euronet Worldwide were worth $554,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EEFT. Oppenheimer & Co. Inc. boosted its holdings in Euronet Worldwide by 0.7% in the third quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider's stock worth $1,793,000 after acquiring an additional 133 shares in the last quarter. Arizona State Retirement System boosted its stake in Euronet Worldwide by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 12,176 shares of the business services provider's stock worth $1,260,000 after purchasing an additional 135 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Euronet Worldwide by 6.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider's stock worth $243,000 after purchasing an additional 143 shares during the last quarter. State of Alaska Department of Revenue grew its position in Euronet Worldwide by 3.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 4,903 shares of the business services provider's stock worth $486,000 after purchasing an additional 170 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in Euronet Worldwide by 14.7% during the 2nd quarter. Fifth Third Bancorp now owns 1,588 shares of the business services provider's stock valued at $164,000 after purchasing an additional 203 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

Euronet Worldwide Stock Down 0.3 %

Shares of EEFT stock opened at $101.88 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. Euronet Worldwide, Inc. has a twelve month low of $81.99 and a twelve month high of $117.66. The stock has a 50 day moving average of $99.43 and a 200 day moving average of $103.97. The stock has a market cap of $4.48 billion, a P/E ratio of 14.72 and a beta of 1.46.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.11. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the firm earned $2.53 EPS. As a group, sell-side analysts expect that Euronet Worldwide, Inc. will post 7.87 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EEFT. Needham & Company LLC dropped their price objective on shares of Euronet Worldwide from $125.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. Citigroup cut Euronet Worldwide from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $118.00 to $110.00 in a research report on Friday, October 18th. StockNews.com raised Euronet Worldwide from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th. Monness Crespi & Hardt raised Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 24th. Finally, DA Davidson reiterated a "buy" rating and issued a $136.00 price target on shares of Euronet Worldwide in a report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $125.38.

Insiders Place Their Bets

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the transaction, the chief executive officer now owns 12,440 shares in the company, valued at approximately $1,276,095.20. This represents a 24.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 10.50% of the company's stock.

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.