12,600 Shares in Euronet Worldwide, Inc. (NASDAQ:EEFT) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,600 shares of the business services provider's stock, valued at approximately $1,296,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Euronet Worldwide during the fourth quarter valued at approximately $58,000. Jones Financial Companies Lllp boosted its position in Euronet Worldwide by 485.6% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock valued at $88,000 after acquiring an additional 709 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Euronet Worldwide by 121.3% in the 4th quarter. GAMMA Investing LLC now owns 954 shares of the business services provider's stock valued at $98,000 after acquiring an additional 523 shares during the period. Blue Trust Inc. raised its position in shares of Euronet Worldwide by 26.1% in the 4th quarter. Blue Trust Inc. now owns 989 shares of the business services provider's stock worth $98,000 after acquiring an additional 205 shares in the last quarter. Finally, Quarry LP lifted its stake in shares of Euronet Worldwide by 21.6% during the 3rd quarter. Quarry LP now owns 1,087 shares of the business services provider's stock worth $108,000 after purchasing an additional 193 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Michael J. Brown sold 95,000 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $100.69, for a total value of $9,565,550.00. Following the sale, the chief executive officer now owns 1,418,966 shares in the company, valued at $142,875,686.54. This represents a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.50% of the stock is currently owned by insiders.

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Euronet Worldwide Stock Performance

Shares of EEFT traded down $6.95 during trading hours on Thursday, reaching $101.20. 704,860 shares of the company traded hands, compared to its average volume of 328,467. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. The business has a fifty day moving average price of $102.33 and a 200-day moving average price of $101.60. Euronet Worldwide, Inc. has a 12-month low of $91.07 and a 12-month high of $117.66. The stock has a market capitalization of $4.43 billion, a P/E ratio of 15.64, a P/E/G ratio of 0.78 and a beta of 1.37.

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%. Equities analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.