New Age Alpha Advisors LLC Invests $2.96 Million in Euronet Worldwide, Inc. (NASDAQ:EEFT)

New Age Alpha Advisors LLC bought a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,761 shares of the business services provider's stock, valued at approximately $2,958,000. New Age Alpha Advisors LLC owned 0.07% of Euronet Worldwide at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in EEFT. Allspring Global Investments Holdings LLC boosted its position in shares of Euronet Worldwide by 0.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,372,449 shares of the business services provider's stock valued at $340,955,000 after buying an additional 16,220 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in Euronet Worldwide by 13.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider's stock valued at $105,604,000 after purchasing an additional 127,240 shares during the period. Wasatch Advisors LP increased its position in Euronet Worldwide by 45.8% during the 3rd quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider's stock valued at $71,102,000 after purchasing an additional 224,982 shares during the period. Reinhart Partners LLC. raised its holdings in shares of Euronet Worldwide by 3.4% in the 4th quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider's stock valued at $64,496,000 after purchasing an additional 20,824 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Euronet Worldwide by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 566,002 shares of the business services provider's stock worth $58,208,000 after purchasing an additional 8,015 shares during the period. Institutional investors own 91.60% of the company's stock.

Remove Ads

Insider Transactions at Euronet Worldwide

In related news, CEO Michael J. Brown sold 95,000 shares of the stock in a transaction that occurred 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 10.50% of the company's stock.

Euronet Worldwide Stock Performance

NASDAQ:EEFT traded down $6.36 during trading hours on Thursday, hitting $101.79. 158,843 shares of the company were exchanged, compared to its average volume of 392,666. The company's 50 day moving average price is $102.24 and its 200-day moving average price is $101.60. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 0.78 and a beta of 1.37. Euronet Worldwide, Inc. has a 52-week low of $91.07 and a 52-week high of $117.66. 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 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%. As a group, research analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EEFT shares. Needham & Company LLC reissued a "buy" rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research note on Thursday, December 12th. StockNews.com cut Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Stephens reiterated an "overweight" rating and issued a $130.00 target price on shares of Euronet Worldwide in a report on Friday, February 14th. Keefe, Bruyette & Woods raised their price target 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. Finally, Oppenheimer reduced their price objective on shares of Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating for the company in a research note on Thursday, December 19th. Four investment 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. According to MarketBeat.com, the company currently has a consensus 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.