Geode Capital Management LLC Reduces Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Geode Capital Management LLC reduced its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 743,012 shares of the business services provider's stock after selling 14,987 shares during the quarter. Geode Capital Management LLC owned about 1.69% of Euronet Worldwide worth $76,433,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in Euronet Worldwide in the 4th quarter valued at $28,000. R Squared Ltd purchased a new stake in shares of Euronet Worldwide in the fourth quarter valued at about $58,000. Jones Financial Companies Lllp increased its position in Euronet Worldwide by 485.6% during the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock worth $88,000 after purchasing an additional 709 shares during the last quarter. GAMMA Investing LLC raised its stake in Euronet Worldwide by 121.3% during the fourth quarter. GAMMA Investing LLC now owns 954 shares of the business services provider's stock worth $98,000 after purchasing an additional 523 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Euronet Worldwide by 26.1% in the 4th quarter. Blue Trust Inc. now owns 989 shares of the business services provider's stock valued at $98,000 after purchasing an additional 205 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.

Euronet Worldwide Trading Up 0.2 %

NASDAQ:EEFT traded up $0.20 on Tuesday, reaching $95.93. 341,480 shares of the company's stock were exchanged, compared to its average volume of 338,306. The business has a fifty day moving average of $101.32 and a 200-day moving average of $101.18. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. Euronet Worldwide, Inc. has a 52-week low of $85.24 and a 52-week high of $117.66. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18.

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Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 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%. As a group, analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide stock in a transaction dated 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 transaction, the chief executive officer now owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. This trade represents a 6.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 10.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on EEFT shares. Keefe, Bruyette & Woods lifted their price target on shares of Euronet Worldwide from $108.00 to $112.00 and gave the company a "market perform" rating in a research report on Friday, February 14th. StockNews.com downgraded Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Stephens reiterated an "overweight" rating and set a $130.00 price target on shares of Euronet Worldwide in a report on Friday, February 14th. Finally, Oppenheimer reduced their price objective on shares of Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating on the stock in a report on Thursday, December 19th. Four 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.com, Euronet Worldwide has an average 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.