Schroder Investment Management Group Buys Shares of 18,600 Euronet Worldwide, Inc. (NASDAQ:EEFT)

Schroder Investment Management Group acquired a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 18,600 shares of the business services provider's stock, valued at approximately $1,908,000.

A number of other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake 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 acquiring an additional 16,220 shares during the period. Reinhart Partners LLC. lifted its position in Euronet Worldwide by 3.4% during 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 during the period. Charles Schwab Investment Management Inc. lifted its position in Euronet Worldwide by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 566,002 shares of the business services provider's stock valued at $58,208,000 after purchasing an additional 8,015 shares during the period. Norges Bank bought a new position in shares of Euronet Worldwide in the 4th quarter valued at about $53,072,000. Finally, Sei Investments Co. grew its position in shares of Euronet Worldwide by 9.1% during the 4th quarter. Sei Investments Co. now owns 425,971 shares of the business services provider's stock worth $43,807,000 after buying an additional 35,391 shares during the period. 91.60% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several equities analysts recently weighed in on EEFT shares. Stephens restated an "overweight" rating and issued a $130.00 price objective on shares of Euronet Worldwide in a report on Friday, February 14th. StockNews.com lowered Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Keefe, Bruyette & Woods lifted their price objective on Euronet Worldwide from $108.00 to $112.00 and gave the stock a "market perform" rating in a research note on Friday, February 14th. Needham & Company LLC reissued a "buy" rating and issued a $120.00 target price on shares of Euronet Worldwide in a research note on Thursday, December 12th. Finally, Oppenheimer decreased their target price on Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating for the company in a research report on Thursday, December 19th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.86.

Insider Transactions at Euronet Worldwide

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 sale, the chief executive officer now directly owns 1,418,966 shares of the company's stock, valued at approximately $142,875,686.54. The trade was a 6.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 10.50% of the stock is owned by insiders.

Euronet Worldwide Trading Up 2.0 %

Shares of Euronet Worldwide stock traded up $1.82 during trading hours on Friday, hitting $94.45. The company's stock had a trading volume of 330,280 shares, compared to its average volume of 337,783. Euronet Worldwide, Inc. has a 12 month low of $85.24 and a 12 month 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. The company has a market capitalization of $4.08 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. The stock has a 50 day moving average of $101.39 and a 200 day moving average of $101.19.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (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%. Analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

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.