Proficio Capital Partners LLC Makes New $28,000 Investment in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Proficio Capital Partners LLC purchased a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 27,870 shares of the business services provider's stock, valued at approximately $28,000. Proficio Capital Partners LLC owned approximately 0.06% of Euronet Worldwide as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in EEFT. Allspring Global Investments Holdings LLC grew its holdings in Euronet Worldwide by 0.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,372,449 shares of the business services provider's stock worth $340,955,000 after buying an additional 16,220 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Euronet Worldwide by 13.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider's stock worth $105,604,000 after acquiring an additional 127,240 shares in the last quarter. Wasatch Advisors LP lifted its stake in Euronet Worldwide by 45.8% in the third quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider's stock valued at $71,102,000 after acquiring an additional 224,982 shares during the last quarter. Reinhart Partners LLC. raised its holdings in Euronet Worldwide by 3.4% during the fourth quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider's stock valued at $64,496,000 after buying an additional 20,824 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Euronet Worldwide by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 566,002 shares of the business services provider's stock worth $58,208,000 after buying an additional 8,015 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors.

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Insider Activity

In related news, CEO Michael J. Brown sold 95,000 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 1,418,966 shares in the company, valued at $142,875,686.54. The trade was a 6.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 10.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EEFT. StockNews.com lowered shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. Oppenheimer reduced their target price on Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating on the stock in a report on Thursday, December 19th. Keefe, Bruyette & Woods increased their price objective on shares of Euronet Worldwide from $108.00 to $112.00 and gave the stock a "market perform" rating in a research report on Friday, February 14th. Stephens reiterated an "overweight" rating and set a $130.00 target price on shares of Euronet Worldwide in a report on Friday, February 14th. Finally, Needham & Company LLC restated a "buy" rating and issued a $120.00 price target on shares of Euronet Worldwide in a research note on Thursday, December 12th. Four equities research 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $125.86.

Euronet Worldwide Stock Down 0.7 %

NASDAQ EEFT traded down $0.76 during trading hours on Wednesday, reaching $108.15. 352,467 shares of the company's stock traded hands, compared to its average volume of 326,789. Euronet Worldwide, Inc. has a 52-week low of $91.07 and a 52-week high of $117.66. The firm has a 50-day simple moving average of $102.24 and a 200 day simple moving average of $101.60. The firm has a market cap of $4.73 billion, a PE ratio of 16.72, a PEG ratio of 0.78 and a beta of 1.37. 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 released its earnings results on Wednesday, February 12th. The business services provider reported $1.82 EPS for the quarter, missing analysts' consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. Sell-side analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

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.