17,056 Shares in Euronet Worldwide, Inc. (NASDAQ:EEFT) Purchased by Paragon Capital Management Inc.

Paragon Capital Management Inc. acquired a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 17,056 shares of the business services provider's stock, valued at approximately $1,754,000. Euronet Worldwide accounts for approximately 1.4% of Paragon Capital Management Inc.'s portfolio, making the stock its 20th biggest position.

A number of other large investors have also modified their holdings of the stock. R Squared Ltd purchased a new position in Euronet Worldwide in the fourth quarter valued at $58,000. GAMMA Investing LLC lifted 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 period. Blue Trust Inc. lifted its position in Euronet Worldwide by 26.1% in 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 during the period. Mendota Financial Group LLC acquired a new stake in Euronet Worldwide in the third quarter valued at about $100,000. Finally, Quarry LP increased its holdings in Euronet Worldwide by 21.6% in the third quarter. Quarry LP now owns 1,087 shares of the business services provider's stock valued at $108,000 after buying an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EEFT. StockNews.com upgraded Euronet Worldwide from a "hold" rating to a "buy" rating in a research report on Monday, January 20th. Citigroup downgraded Euronet Worldwide from a "buy" rating to a "neutral" rating and cut their price target for the company from $118.00 to $110.00 in a report on Friday, October 18th. Needham & Company LLC reissued a "buy" rating and set a $120.00 price objective on shares of Euronet Worldwide in a research note on Thursday, December 12th. Monness Crespi & Hardt raised shares of Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 24th. Finally, Oppenheimer lowered 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. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $127.14.

Euronet Worldwide Stock Down 0.3 %

Euronet Worldwide stock traded down $0.25 during trading on Friday, reaching $96.98. 270,764 shares of the company's stock were exchanged, compared to its average volume of 235,070. The company's 50-day moving average is $101.52 and its two-hundred day moving average is $100.94. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. Euronet Worldwide, Inc. has a 52-week low of $91.07 and a 52-week high of $117.66. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 0.77 and a beta of 1.43.

Insider Buying and Selling at Euronet Worldwide

In other news, SVP Martin L. Bruckner sold 9,397 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $107.31, for a total value of $1,008,392.07. Following the sale, the senior vice president now owns 39,983 shares in the company, valued at approximately $4,290,575.73. This represents a 19.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Nikos Fountas sold 21,479 shares of the company's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the completion of the sale, the chief executive officer now owns 52,370 shares in the company, valued at approximately $5,423,437.20. This trade represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,910 shares of company stock valued at $8,780,102 in the last ninety days. Insiders own 10.50% of the company's stock.

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.