Rice Hall James & Associates LLC Has $33.97 Million Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Rice Hall James & Associates LLC lessened its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 3.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 342,323 shares of the business services provider's stock after selling 12,543 shares during the quarter. Euronet Worldwide comprises about 1.8% of Rice Hall James & Associates LLC's investment portfolio, making the stock its 11th biggest holding. Rice Hall James & Associates LLC owned 0.76% of Euronet Worldwide worth $33,969,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of Michigan Retirement System raised its stake in shares of Euronet Worldwide by 1.9% in the 1st quarter. State of Michigan Retirement System now owns 10,717 shares of the business services provider's stock worth $1,178,000 after buying an additional 200 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Euronet Worldwide by 62.3% in the first quarter. Janney Montgomery Scott LLC now owns 3,294 shares of the business services provider's stock worth $362,000 after acquiring an additional 1,265 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in Euronet Worldwide in the first quarter worth about $999,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Euronet Worldwide in the 1st quarter valued at about $583,000. Finally, Texas Permanent School Fund Corp boosted its position in shares of Euronet Worldwide by 1.5% during the 1st quarter. Texas Permanent School Fund Corp now owns 38,030 shares of the business services provider's stock valued at $4,181,000 after purchasing an additional 550 shares in the last quarter. Institutional investors own 91.60% of the company's stock.

Euronet Worldwide Stock Performance

Shares of Euronet Worldwide stock traded down $0.03 during trading on Friday, reaching $98.44. The company's stock had a trading volume of 207,262 shares, compared to its average volume of 305,891. Euronet Worldwide, Inc. has a one year low of $76.82 and a one year high of $117.66. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.19 and a current ratio of 1.26. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 14.26 and a beta of 1.46. The business's fifty day moving average price is $100.09 and its 200-day moving average price is $104.05.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, topping the consensus estimate of $2.92 by $0.11. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the business posted $2.53 EPS. As a group, equities research analysts predict that Euronet Worldwide, Inc. will post 7.88 earnings per share for the current year.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the firm's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total value of $410,320.00. Following the sale, the chief executive officer now directly owns 12,440 shares in the company, valued at $1,276,095.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the sale, the chief executive officer now owns 12,440 shares of the company's stock, valued at approximately $1,276,095.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas A. Mcdonnell acquired 3,206 shares of the stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $93.86 per share, for a total transaction of $300,915.16. Following the completion of the transaction, the director now owns 90,000 shares of the company's stock, valued at $8,447,400. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 10.50% of the company's stock.

Wall Street Analyst Weigh In

EEFT has been the subject of several recent research reports. Citigroup lowered shares of Euronet Worldwide from a "buy" rating to a "neutral" rating and cut their target price for the company from $118.00 to $110.00 in a research note on Friday, October 18th. Oppenheimer assumed coverage on Euronet Worldwide in a research report on Tuesday, October 1st. They set an "outperform" rating and a $121.00 price objective for the company. DA Davidson reissued a "buy" rating and issued a $136.00 price target on shares of Euronet Worldwide in a research note on Tuesday, October 8th. StockNews.com downgraded Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Friday, August 9th. Finally, Monness Crespi & Hardt raised Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 24th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $125.38.

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.