National Bank of Canada FI Purchases 36,949 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

National Bank of Canada FI lifted its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 45,059.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,031 shares of the business services provider's stock after buying an additional 36,949 shares during the period. National Bank of Canada FI owned about 0.08% of Euronet Worldwide worth $3,808,000 as of its most recent filing with the SEC.

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

Insider Activity

In other news, CEO Michael J. Brown sold 95,000 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. This represents a 6.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.50% of the stock is currently owned by company insiders.

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Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EEFT shares. Keefe, Bruyette & Woods raised 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. Stephens reaffirmed an "overweight" rating and set a $130.00 price target on shares of Euronet Worldwide in a research note on Friday, February 14th. 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 research note on Thursday, December 19th. Finally, StockNews.com lowered Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $125.86.

Euronet Worldwide Trading Up 2.0 %

Euronet Worldwide stock traded up $1.82 during trading hours on Friday, reaching $94.45. 330,280 shares of the company's stock were exchanged, compared to its average volume of 337,783. The firm's 50 day simple moving average is $101.39 and its 200 day simple moving average is $101.19. Euronet Worldwide, Inc. has a twelve month low of $85.24 and a twelve month high of $117.66. 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 firm has a market capitalization of $4.08 billion, a PE ratio of 14.60, a PEG ratio of 0.78 and a beta of 1.18.

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

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.