Proficio Capital Partners LLC Purchases New Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Proficio Capital Partners LLC purchased a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) in the fourth quarter, according to its most recent disclosure 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 about 0.06% of Euronet Worldwide as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EEFT. Janney Montgomery Scott LLC raised its stake in shares of Euronet Worldwide by 15.4% in the third quarter. Janney Montgomery Scott LLC now owns 9,382 shares of the business services provider's stock worth $931,000 after acquiring an additional 1,253 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Euronet Worldwide by 5.4% in the third quarter. Crossmark Global Holdings Inc. now owns 10,244 shares of the business services provider's stock valued at $1,017,000 after purchasing an additional 526 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in Euronet Worldwide by 12.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 18,846 shares of the business services provider's stock worth $1,870,000 after purchasing an additional 2,110 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Euronet Worldwide during the 3rd quarter worth $997,000. Finally, Oppenheimer & Co. Inc. boosted its position in Euronet Worldwide by 0.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider's stock valued at $1,793,000 after buying an additional 133 shares during the last quarter. 91.60% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

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

Euronet Worldwide Trading Up 2.7 %

NASDAQ:EEFT traded up $2.77 during trading hours on Monday, hitting $105.07. The stock had a trading volume of 595,520 shares, compared to its average volume of 308,256. The business's 50 day moving average is $99.97 and its 200-day moving average is $101.05. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 16.24, a P/E/G ratio of 0.78 and a beta of 1.37. Euronet Worldwide, Inc. has a one year low of $91.07 and a one year high of $117.66.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its quarterly earnings data 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 net margin of 7.69% and a return on equity of 27.74%. Sell-side analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Insider Transactions at Euronet Worldwide

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

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.