Van Berkom & Associates Inc. Has $112.34 Million Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Van Berkom & Associates Inc. trimmed its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,092,333 shares of the business services provider's stock after selling 13,536 shares during the quarter. Euronet Worldwide comprises approximately 3.3% of Van Berkom & Associates Inc.'s investment portfolio, making the stock its 4th biggest position. Van Berkom & Associates Inc. owned about 2.49% of Euronet Worldwide worth $112,336,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Wasatch Advisors LP grew its holdings in Euronet Worldwide by 45.8% in the 3rd quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider's stock valued at $71,102,000 after buying an additional 224,982 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Euronet Worldwide in the third quarter valued at about $15,258,000. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Euronet Worldwide by 13.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider's stock valued at $105,604,000 after acquiring an additional 127,240 shares in the last quarter. Quantbot Technologies LP bought a new position in Euronet Worldwide during the third quarter worth about $4,373,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Euronet Worldwide in the 3rd quarter worth about $4,085,000. 91.60% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EEFT shares. Keefe, Bruyette & Woods lifted their price target 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. Stephens reiterated an "overweight" rating and set a $130.00 target price on shares of Euronet Worldwide in a research report on Friday, February 14th. Needham & Company LLC restated a "buy" rating and issued a $120.00 price target on shares of Euronet Worldwide in a research report on Thursday, December 12th. StockNews.com cut shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Oppenheimer dropped their target price 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. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.00.

Insider Transactions 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 shares were sold at an average price of $103.56, for a total value of $2,224,365.24. Following the completion of the transaction, the chief executive officer now owns 52,370 shares in the company, valued at $5,423,437.20. This trade represents a 29.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 10.50% of the company's stock.

Euronet Worldwide Price Performance

NASDAQ:EEFT traded up $0.04 on Tuesday, hitting $101.85. The company had a trading volume of 96,585 shares, compared to its average volume of 325,005. Euronet Worldwide, Inc. has a 52 week low of $91.07 and a 52 week high of $117.66. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 0.78 and a beta of 1.43. The firm has a 50 day moving average of $100.94 and a two-hundred day moving average of $101.27.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its quarterly 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 net margin of 7.69% and a return on equity of 27.74%. On average, 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.