Loomis Sayles & Co. L P Reduces Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Loomis Sayles & Co. L P decreased its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 59.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 156,583 shares of the business services provider's stock after selling 231,037 shares during the quarter. Loomis Sayles & Co. L P owned about 0.36% of Euronet Worldwide worth $16,103,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Janney Montgomery Scott LLC grew its stake 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 acquiring an additional 2,632 shares in the last quarter. Holocene Advisors LP acquired a new position in Euronet Worldwide in the 3rd quarter worth about $666,000. Reinhart Partners LLC. raised its position in shares of Euronet Worldwide by 3.4% during the 4th 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 grew its position in shares of Euronet Worldwide by 119.8% in 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 in the last quarter. Finally, Stifel Financial Corp increased its stake in shares of Euronet Worldwide by 2.0% in the 3rd quarter. Stifel Financial Corp now owns 11,729 shares of the business services provider's stock worth $1,164,000 after acquiring an additional 232 shares during the last quarter. Institutional investors own 91.60% of the company's stock.

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Insider Activity at Euronet Worldwide

In related news, CEO Michael J. Brown sold 95,000 shares of the 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 approximately $142,875,686.54. This represents a 6.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 10.50% of the stock is currently owned by insiders.

Euronet Worldwide Price Performance

Shares of NASDAQ EEFT traded down $1.91 during trading on Wednesday, hitting $107.00. 111,246 shares of the company were exchanged, compared to its average volume of 325,547. Euronet Worldwide, Inc. has a 1 year low of $91.07 and a 1 year high of $117.66. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 0.78 and a beta of 1.37. The firm's fifty day moving average price is $102.04 and its 200 day moving average price is $101.56. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 and a quick ratio of 1.26.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its quarterly earnings results 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 return on equity of 27.74% and a net margin of 7.69%. On average, sell-side analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. StockNews.com lowered shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Keefe, Bruyette & Woods boosted their price objective on shares of Euronet Worldwide from $108.00 to $112.00 and gave the company a "market perform" rating in a report on Friday, February 14th. 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 report on Thursday, December 19th. Needham & Company LLC restated a "buy" rating and set a $120.00 target price on shares of Euronet Worldwide in a report on Thursday, December 12th. Finally, Stephens restated an "overweight" rating and issued a $130.00 price objective on shares of Euronet Worldwide in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.