Wasatch Advisors LP grew its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 723,785 shares of the business services provider's stock after buying an additional 7,246 shares during the period. Wasatch Advisors LP owned 1.65% of Euronet Worldwide worth $74,434,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Proficio Capital Partners LLC acquired a new stake in shares of Euronet Worldwide in the fourth quarter valued at $28,000. R Squared Ltd purchased a new position in Euronet Worldwide in the fourth quarter valued at $58,000. Covestor Ltd increased its holdings in Euronet Worldwide by 40.9% in the fourth quarter. Covestor Ltd now owns 713 shares of the business services provider's stock valued at $73,000 after buying an additional 207 shares during the last quarter. Aster Capital Management DIFC Ltd raised its stake in Euronet Worldwide by 15,240.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider's stock valued at $79,000 after buying an additional 762 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in Euronet Worldwide by 485.6% in the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock valued at $88,000 after purchasing an additional 709 shares during the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Euronet Worldwide
In other news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide stock in a transaction that occurred 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 sale, the chief executive officer now owns 1,418,966 shares in the company, valued at $142,875,686.54. This trade represents a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.20% of the stock is owned by insiders.
Euronet Worldwide Trading Down 3.1 %
Shares of NASDAQ EEFT traded down $2.89 during midday trading on Monday, reaching $91.81. 108,013 shares of the stock were exchanged, compared to its average volume of 340,418. 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 company has a market capitalization of $3.97 billion, a P/E ratio of 14.19, a P/E/G ratio of 0.78 and a beta of 1.18. The stock has a 50 day moving average price of $101.18 and a 200-day moving average price of $101.09. 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 posted its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate 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 expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. StockNews.com cut shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. Stephens reiterated an "overweight" rating and set a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, February 14th. Finally, Keefe, Bruyette & Woods upped their price objective on Euronet Worldwide from $108.00 to $112.00 and gave the company a "market perform" rating in a research note on Friday, February 14th. 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. According to MarketBeat, Euronet Worldwide currently has a consensus rating of "Moderate Buy" and an average price target of $125.86.
View Our Latest Research Report on EEFT
About Euronet Worldwide
(
Free Report)
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.
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