Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC cut its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 50.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,512 shares of the business services provider's stock after selling 81,423 shares during the period. Sterling Capital Management LLC owned 0.18% of Euronet Worldwide worth $8,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Euronet Worldwide in the fourth quarter valued at about $53,072,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Euronet Worldwide by 57.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 175,027 shares of the business services provider's stock worth $18,000,000 after buying an additional 63,785 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Euronet Worldwide by 28.7% during the 4th quarter. Renaissance Technologies LLC now owns 248,345 shares of the business services provider's stock worth $25,540,000 after buying an additional 55,345 shares during the last quarter. Foundry Partners LLC purchased a new stake in shares of Euronet Worldwide during the 4th quarter valued at approximately $5,369,000. Finally, National Bank of Canada FI lifted its holdings in Euronet Worldwide by 45,059.8% in the fourth quarter. National Bank of Canada FI now owns 37,031 shares of the business services provider's stock valued at $3,808,000 after acquiring an additional 36,949 shares during the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Analysts Set New Price Targets

EEFT has been the topic of a number of research analyst reports. StockNews.com downgraded Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Keefe, Bruyette & Woods upped 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 report on Friday, February 14th. Oppenheimer dropped their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating for the company in a research report on Thursday, December 19th. Finally, Stephens restated an "overweight" rating and issued a $130.00 price objective on shares of Euronet Worldwide in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Euronet Worldwide has a consensus rating of "Moderate Buy" and a consensus price target of $125.86.

Insider Transactions at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide stock in a transaction dated Thursday, March 13th. The stock was 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 directly owns 1,418,966 shares of the company's stock, valued at $142,875,686.54. The trade was a 6.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 10.50% of the company's stock.

Euronet Worldwide Stock Up 0.2 %

NASDAQ EEFT traded up $0.20 during trading hours on Tuesday, hitting $95.93. 341,480 shares of the company were exchanged, compared to its average volume of 338,558. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 0.78 and a beta of 1.18. The company has a 50 day moving average of $101.29 and a two-hundred day moving average of $101.14. Euronet Worldwide, Inc. has a 52-week low of $85.24 and a 52-week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share 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%. Equities research analysts anticipate 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.