Principal Financial Group Inc. Sells 3,152 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Principal Financial Group Inc. trimmed its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 94,759 shares of the business services provider's stock after selling 3,152 shares during the period. Principal Financial Group Inc. owned approximately 0.22% of Euronet Worldwide worth $9,745,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new position in shares of Euronet Worldwide in the 4th quarter worth $58,000. GAMMA Investing LLC increased its stake 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 acquiring an additional 523 shares during the last quarter. Blue Trust Inc. raised its position in 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. Quarry LP raised its position in Euronet Worldwide by 21.6% during the third quarter. Quarry LP now owns 1,087 shares of the business services provider's stock valued at $108,000 after purchasing an additional 193 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in Euronet Worldwide during the third quarter worth about $109,000. 91.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Euronet Worldwide

In related news, CEO Nikos Fountas sold 21,479 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the completion of the transaction, the chief executive officer now owns 52,370 shares of the company's stock, valued at $5,423,437.20. This trade represents a 29.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 10.50% of the company's stock.

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Analyst Ratings Changes

Several equities analysts recently commented on the stock. StockNews.com lowered shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. Keefe, Bruyette & Woods raised their price objective on Euronet Worldwide from $108.00 to $112.00 and gave the company a "market perform" rating in a research note on Friday, February 14th. Oppenheimer lowered their target price on Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating for the company in a research note on Thursday, December 19th. Stephens restated an "overweight" rating and set a $130.00 price target on shares of Euronet Worldwide in a research report on Friday, February 14th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $127.00.

Euronet Worldwide Trading Down 2.4 %

Euronet Worldwide stock traded down $2.41 during mid-day trading on Tuesday, reaching $96.89. 123,577 shares of the company traded hands, compared to its average volume of 331,958. 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, Inc. has a 52-week low of $91.07 and a 52-week high of $117.66. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 14.99, a P/E/G ratio of 0.78 and a beta of 1.43. The firm's 50 day moving average price is $100.67 and its 200 day moving average price is $101.34.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. On average, analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

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.