Meeder Asset Management Inc. Lowers Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Meeder Asset Management Inc. decreased its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 78.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,094 shares of the business services provider's stock after selling 34,058 shares during the quarter. Meeder Asset Management Inc.'s holdings in Euronet Worldwide were worth $935,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EEFT. Janney Montgomery Scott LLC increased its holdings in Euronet Worldwide by 28.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider's stock worth $1,236,000 after buying an additional 2,632 shares during the period. Holocene Advisors LP acquired a new stake in shares of Euronet Worldwide in the third quarter worth $666,000. Reinhart Partners LLC. raised its holdings in shares of Euronet Worldwide by 3.4% during the fourth quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider's stock worth $64,496,000 after purchasing an additional 20,824 shares during the last quarter. Value Holdings Management CO. LLC lifted its position in Euronet Worldwide by 119.8% during the fourth quarter. Value Holdings Management CO. LLC now owns 57,823 shares of the business services provider's stock valued at $5,947,000 after purchasing an additional 31,518 shares during the period. Finally, Stifel Financial Corp boosted its holdings in Euronet Worldwide by 2.0% in the third quarter. Stifel Financial Corp now owns 11,729 shares of the business services provider's stock valued at $1,164,000 after purchasing an additional 232 shares during the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

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Euronet Worldwide Price Performance

NASDAQ:EEFT traded down $8.02 during trading hours on Friday, reaching $93.18. 542,731 shares of the company were exchanged, compared to its average volume of 330,388. The firm has a market cap of $4.08 billion, a PE ratio of 14.40, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. Euronet Worldwide, Inc. has a twelve month low of $91.07 and a twelve month high of $117.66. The stock's 50-day moving average is $102.23 and its 200-day moving average is $101.57. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92.

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 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, sell-side analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the company's stock in a transaction on 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 sale, the chief executive officer now directly owns 1,418,966 shares in the company, valued at $142,875,686.54. This represents a 6.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 10.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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.