New South Capital Management Inc. Sells 4,604 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

New South Capital Management Inc. lowered its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 611,543 shares of the business services provider's stock after selling 4,604 shares during the period. Euronet Worldwide makes up approximately 2.6% of New South Capital Management Inc.'s portfolio, making the stock its 10th biggest holding. New South Capital Management Inc. owned approximately 1.39% of Euronet Worldwide worth $62,891,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Oppenheimer & Co. Inc. grew its holdings in shares of Euronet Worldwide by 0.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider's stock worth $1,793,000 after purchasing an additional 133 shares during the period. HighTower Advisors LLC grew its stake in Euronet Worldwide by 0.6% during the third quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider's stock worth $2,540,000 after buying an additional 158 shares during the period. State of Alaska Department of Revenue grew its stake in Euronet Worldwide by 3.6% during the third quarter. State of Alaska Department of Revenue now owns 4,903 shares of the business services provider's stock worth $486,000 after buying an additional 170 shares during the period. Quarry LP increased its position in shares of 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 in the last quarter. Finally, New York State Teachers Retirement System raised its stake in shares of Euronet Worldwide by 0.8% in the 4th 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 acquiring an additional 196 shares during the period. Institutional investors and hedge funds own 91.60% of the company's stock.

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Insider Transactions at Euronet Worldwide

In other news, CEO Nikos Fountas sold 21,479 shares of the company'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 completion of the transaction, the chief executive officer now directly owns 52,370 shares of the company's stock, valued at approximately $5,423,437.20. This represents a 29.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.50% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on EEFT. StockNews.com cut shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Keefe, Bruyette & Woods upped their target price on 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 reiterated a "buy" rating and set a $120.00 target price on shares of Euronet Worldwide in a report on Thursday, December 12th. Oppenheimer reduced their price target 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. Finally, Stephens reissued an "overweight" rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research report on Friday, February 14th. Four 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $127.00.

Euronet Worldwide Stock Up 3.9 %

Euronet Worldwide stock traded up $3.87 during midday trading on Friday, hitting $101.97. The stock had a trading volume of 553,341 shares, compared to its average volume of 340,660. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92. The business has a fifty day moving average price of $100.08 and a 200 day moving average price of $101.21. Euronet Worldwide, Inc. has a 12 month low of $91.07 and a 12 month high of $117.66. The stock has a market cap of $4.46 billion, a P/E ratio of 15.76, a P/E/G ratio of 0.78 and a beta of 1.37.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. Research analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

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.