7,671 Shares in Euronet Worldwide, Inc. (NASDAQ:EEFT) Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,671 shares of the business services provider's stock, valued at approximately $789,000.

Other hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its holdings in shares of Euronet Worldwide by 0.6% in the 3rd quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider's stock valued at $2,540,000 after purchasing an additional 158 shares in the last quarter. Xponance Inc. raised its stake in Euronet Worldwide by 3.6% in the fourth quarter. Xponance Inc. now owns 4,790 shares of the business services provider's stock worth $493,000 after buying an additional 166 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Euronet Worldwide by 2.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,469 shares of the business services provider's stock worth $768,000 after buying an additional 169 shares in the last quarter. Quarry LP boosted its position in Euronet Worldwide by 21.6% during the 3rd quarter. Quarry LP now owns 1,087 shares of the business services provider's stock valued at $108,000 after acquiring an additional 193 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its position in Euronet Worldwide by 0.8% during 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 in the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

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Euronet Worldwide Stock Performance

Shares of NASDAQ EEFT traded down $2.93 during midday trading on Friday, reaching $107.13. The company had a trading volume of 308,540 shares, compared to its average volume of 325,519. Euronet Worldwide, Inc. has a 1 year low of $91.07 and a 1 year high of $117.66. The business's 50-day simple moving average is $101.70 and its 200 day simple moving average is $101.35. 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 stock has a market cap of $4.69 billion, a P/E ratio of 16.56, a P/E/G ratio of 0.78 and a beta of 1.37.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its 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%. On average, analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $100.69, for a total transaction 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 approximately $142,875,686.54. The trade was a 6.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 10.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EEFT shares. StockNews.com cut Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Stephens restated an "overweight" rating and issued a $130.00 price target on shares of Euronet Worldwide in a report on Friday, February 14th. Needham & Company LLC reaffirmed a "buy" rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research report on Thursday, December 12th. Keefe, Bruyette & Woods increased their target price 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. Finally, Oppenheimer cut their price target 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 issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $125.86.

About Euronet Worldwide

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.